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Direct MessagesDate/Time: Sun, 02 Jun 2024 01:24:39 +0000
[User Discussion] - Supply and Demand Indicator
View Count: 647
| [2024-04-17 22:26:55] |
| User417081 - Posts: 16 |
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I would really like to use Sierra chart but not having a supply/demand indicator doesn’t support my trading style. I know over the last year it has increased in popularity and was curious if it was something you guys could add. After searching the support board I find many others asking about it and there are no reputable third party solutions. I love the time I have used Sierra chart but having multiple windows open and having to continuously plot them is not practical. If something like this were to be added I would come back to Sierra Chart as I’m sure many others would also enjoy the addition. I will even offer compensation for it to be added, let me know if this is something you would be interested in. I can post pictures if you guys are interested. Thanks SC |
| [2024-04-18 01:20:36] |
| User61168 - Posts: 352 |
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Please post the exact rules of this indicator here and someone could offer help.
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| [2024-04-18 01:42:00] |
| User417081 - Posts: 16 |
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It’s not the easiest to explain but it needs to plot supply and demand zones across the selected timeframes. If staff would like me to send an image of the indicator, just let me know. Im not entirely sure if that is against the rules given it’s not a picture coming from the chart itself. Thanks |
| [2024-04-18 02:48:03] |
| User61168 - Posts: 352 |
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This is in the “user discussion” thread so you are free to post whatever you like in order to get assistance from other users of SC. There are many variations of drawing SD zones so better to be specific with rules.
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| [2024-04-18 02:56:23] |
| User417081 - Posts: 16 |
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Example: I’m on the 5 minute chart I want it to show the supply and demand zones for the 15 and 30 minute timeframes as well as the 1,2,3, and 4 hour timeframes. As well as the daily, weekly, and monthly. Once a supply or demand zone is completely passed through, it will disappear. A picture is the easiest way to show what I’m talking about but it says not to upload. |
| [2024-04-18 07:43:11] |
| binaryduke - Posts: 360 |
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This is mind-blowing. "There are no reputable third party solutions" says the OP who is unable to define the rules that create these supply and demand zones. As a long-time developer of order flow analysis tools that identify and qualify distinct patterns within the traded volume that indicate aggression, exhaustion, absorption, unfinished business, etc., and track, qualify and update the status of these price levels as they retrade I take exception. "I would come back to Sierra Chart". I doubt the OP is missed and this is exactly the type of ill-informed client that reputable vendors take no value in (although the fly-by-night/snake oil peddlers charging high one-time fees love them). Date Time Of Last Edit: 2024-04-18 07:44:54
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| [2024-04-18 07:53:44] |
| User61168 - Posts: 352 |
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Well said Duke! As a long-time developer of order flow analysis tools that identify and qualify distinct patterns within the traded volume that indicate aggression, exhaustion, absorption, unfinished business, etc., and track, qualify and update the status of these price levels as they retrade I take exception. |
| [2024-04-18 08:08:58] |
| binaryduke - Posts: 360 |
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@User61168 - feel free to get in touch. Happy to help. DM request sent.
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| [2024-04-18 19:16:26] |
| User417081 - Posts: 16 |
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@binaryduke Nobody asked for your resume, to know how these levels are formed are irrelevant to the statement. That doesn’t change the fact that it’s nice to use. I’m no developer, there’s a reason I offered to pay for implementation. In regards to missing a client that’s not what this post was meant to accomplish. In a world where supply and demand zones are becoming more and more popular I think it would be a great addition. It’s the root to many traders strategies. If I knew how to code, I would simply upload a custom study. In regards to reputable vendors, if you know of any reputable ones. Why not share? Date Time Of Last Edit: 2024-04-18 19:28:36
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| [2024-04-18 19:50:14] |
| User61168 - Posts: 352 |
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May I suggest a simple no-code way to read SD levels? Just use the high/low for time period study with inputs as 1) high and low 2) open and open 3) close and close It will draw 2 or 3 lines at session highs and lows giving you a visual on where to put your swinging hat on and pull the trigger. Use it on any chart type or timeframe you like. Disclaimer-if trading was so easy as 1-2-3, there would be a lot of millionaire traders in the retail world. Edit: this will draw lines instead of rectangles. Use stair step subgraph draw style Date Time Of Last Edit: 2024-04-18 19:51:49
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| [2024-04-18 19:57:43] |
| User417081 - Posts: 16 |
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To begin, thanks for your contribution. This is definitely a good idea and can give you more confluence when looking for a reversal. I understand that it’s not 100% but with candle knowledge and other things it can create a strong idea of where price may go. Any websites that you would recommend to possibly hire a developer to create a study such as supply and demand? It would just be nice to be able trade the 5 minute while knowing where those levels lie. The end goal is S/D zones. Thanks Date Time Of Last Edit: 2024-04-18 19:59:01
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| [2024-04-18 20:12:36] |
| User431178 - Posts: 425 |
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https://www.sierrachart.com/index.php?page=doc/SierraChartStudyAndSystemProgrammers.php
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| [2024-04-18 20:42:45] |
| j4ytr4der_ - Posts: 921 |
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BinaryDuke already makes (and yes, sells) excellent tools to see actual, real supply & demand levels. Not the nonsense "buy & sell zones" that many online "educators" say to draw (and that I used to waste a lot of time myself doing...) based on candle wicks etc. To suggest that there are "no reputable 3rd party solutions" is not only wrong, it's laughable. One of the *most* reputable ones literally desponded to you and offered to help. Sure you can spend a lot of money on someone to reinvent a lower-quality wheel, but... why? To each their own I suppose. |
| [2024-04-18 21:34:25] |
| User61168 - Posts: 352 |
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I have no intention of offending anyone but feel it needs to be mentioned. There are pure SC users on this support site (like me) and then there are also - system sellers - paid professional ASCIL developers/programmers - educators - Independent third party tools sellers There is no standard enforced by SC to easily understand who’s who. At the very least, Sierra Chart should enforce these individuals to use their appropriate business name in their signature. It can be very misleading to get a DM request only to soon realize the main intention. Not saying there is anything wrong with DMs (I welcome those) but transparency needs to exist in this support site to clearly understand who you are interacting with. Peace! |
| [2024-04-18 21:34:30] |
| User417081 - Posts: 16 |
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To begin I think it’s important to understand he never mentioned that he sold something similar to what I’m seeking. He just talked about his experience. “Offered to help”, he took the time out of his day to write a paragraph to make me look like an entitled person. A user suggesting to add an indicator that is gaining more users daily not to mention I offered to pay for the implementation. I would say that’s a rough use of the word “help”. He could’ve just responded and said I have something similar to what you are looking for, check us out! Doesn’t feel very welcoming when you come across that demeaning. Date Time Of Last Edit: 2024-04-18 21:36:47
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| [2024-04-19 02:44:30] |
| j4ytr4der_ - Posts: 921 |
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Looking again, I've realized that his reply about sending a DM was not to you, the OP. The SC forum username convention of "User######" tends to throw me and it did so here as well.
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| [2024-04-19 02:47:47] |
| User417081 - Posts: 16 |
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No worries
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| [2024-04-19 08:24:06] |
| binaryduke - Posts: 360 |
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User417081 I have two issues with your post. 1. "there are no reputable third party solutions" 2. You are not/cannot define the ruleset that is creating these "supply/demand zones". According to you "to know how these levels are formed are irrelevant to the statement". Make that three issues. 3. By extension, you cannot define the underlying rules that create the zones that desire, yet you state there are no reputable third party solutions. You want some zones triggered from different timeframes that cease when price revisits. Trivial. See attached. BUT there are many ways to trigger these zones initially. Price; Volume at price; Random nonsense; but according to you, this is unimportant. Date Time Of Last Edit: 2024-04-19 08:24:43
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 Screenshot 2024-04-19 at 09.21.57.png / V - Attached On 2024-04-19 08:23:49 UTC - Size: 9.86 KB - 53 views Screenshot 2024-04-19 at 09.21.50.png / V - Attached On 2024-04-19 08:23:54 UTC - Size: 39.84 KB - 44 views Screenshot 2024-04-19 at 09.21.46.png / V - Attached On 2024-04-19 08:24:00 UTC - Size: 9.1 KB - 43 views |
| [2024-04-21 17:04:11] |
| User417081 - Posts: 16 |
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I think there is a misunderstanding in regards to what I’m saying. I’m looking for supply and demand zones, and your right I don’t know exactly how they are formed. That’s why I was willing to pay someone to create it. In regards to reputable sources, I’m talking about those that have been evaluated and posted in the reputable custom studies tab here on Sierra chart. I haven’t found any of those labeled to be reliable by Sierra chart that offer S/D zones. Thanks for the help Date Time Of Last Edit: 2024-04-21 17:04:44
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| [2024-04-21 18:36:26] |
| j4ytr4der_ - Posts: 921 |
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BinaryDuke is the man behind EmojiTrading.com. He is listed as an official SC developer, and is extremely knowledgable, skilled, and reuptable. His existing products already do what you are asking for. They may or may not be exactly what you have in mind, since as you stated you don't know exactly how they are formed. But they definitely DO show actual zones of supply & demand, from the order flow, both in realtime and historically. I use them, and they are excellent provided you know what to do with them.
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| [2024-04-21 18:52:29] |
| User417081 - Posts: 16 |
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Thanks j4ytrader, I will check them out, thank you for this info. |
| [2024-04-21 18:57:13] |
| User61168 - Posts: 352 |
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Disclosure- j4ytrader has an association with the service he is recommending. Hence the point I raised in my post earlier. It’s a deceptive practice
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| [2024-04-21 20:05:09] |
| j4ytr4der_ - Posts: 921 |
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Sure I do, has absolutely no impact on what I said. I am the Community Manager for Trading Research Group since 2021, which BinaryDuke is a co-founder of. I started as a regular customer who had no knowledge of emojitrading, like anyone else in early 2020, and gradually learned what the emoji tools are about, and for. They are excellent. I'm saying this as a user of the tools, not as an "associate" of BinaryDuke's. Don't take my word for it, take the free trial. Though imo you probably won't understand what to do with them, if you don't already have a very solid understanding of order flow. And given the lack of certainty around how the zones being requested are formed, I suspect that understanding is lacking. But hey... free trial is free. Take it for a spin. |
| [2024-04-22 07:46:05] |
| binaryduke - Posts: 360 |
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@User61168 I reached out to you by DM in response to you saying that "This is precisely the missing piece in my algo journey to implement once I learn orderflow techniques.". I disclosed my background as an order flow developer, trader, educator and publisher of commercial tools. You're now saying that any posting by me or my users (some of whom are now involved in community management) is deceptive? FFS. People ask for help. People with expertise provide some knowledge. Knowledge and expertise can be commercialised. I explicitly never spam this board with recommendations for my group or products. I do reach out to people that I think would benefit from them based upon the questions/nature of the questions that they ask. The entire trading add-on industry is full of charlatans and snake oil vendors that do not know what they are talking about; are happy to take high one-time fees from people for mysterious obfuscated stuff using tempting branding ("follow the institutional order blocks"; "HFT zones"; etc). My ethos is education FROM FIRST PRINCIPLES first; tools second. I urge all of my prospective clients to learn how to read order flow from raw data using standard features built into Sierra Chart (and other platforms). I help and educate people with that. For the outrageous price of $25 for 60+ online lessons. Wow. Vested interest huh. I must be making a fortune. Then, they are in a position to use commercial tools (like mine, or standard features of Sierra Chart, or other vendors' stuff that is not obfuscated nonsense) to increase their productivity when trading. 99% of people don't follow that path. They are lazy/don't want to put in the work/want some magic indicator/etc. Meh. A large number of retail trader victims also think that any vendor promoting/sharing visibility of their products must be deceptive/snake oil/etc. The industry has created this situation. Fine. Go onto futures.io or whatever it's called and use free stuff created by the same pool of retail traders finding their own way in this industry. Might work, might not. Perhaps if enough people in that echo chamber do the same thing, their volume will be sufficient to move the market in the direction they favour. However... to imply that my actions (or those of j4ytr4der) are deceptive is simply out of order. You implied that being able to add qualification of supply and demand areas was a missing piece that's hard to learn/implement within your algorithmic trading journey. Someone (me) reached out transparently to tell you about resources that can help you on that journey. You know what... good information costs money to create and has a value. It is not a crime to ask for money in exchange. If you don't want to exchange money for value, that's fine. If you want to be a guardian angel protecting others from evil vendors that are only out to take money from poor naive retail traders, that's fine too. If you want to remain in the echo chamber of retail traders that think all vendors are out to hurt the poor retail trader so you're only interested in open source/community-published stuff, fine. But don't accuse transparent, knowledgable people of deceptive practices, especially when you have no idea about where they are coming from or the work they do. |
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