So I have an idea about an indicator. its measures the percentage of...

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So I have an idea about an indicator.
its measures the percentage of price change from candle to candle.
This way you know the difference from OHLC between moves.
Also since these moves are relevant, it will track each candle that has an FVG.
Then it will give you the price range of the entire FVG so you know the start and end point of it.

All... Show more

zee, Faraz07 and 1 other

zee Sounds crazy. i dnt even know how u come up with these ideas lol. excited! 12 months ago

CoffeeShopCrypto zee no herbs needed. It just falls out of the theoretical science in my head 12 months ago

zee i cant even think of this on shrooms lol 12 months ago

MF_Fish_From_Space Wow, this sounds interesting AF, is it possible to make it Calculate the and plot the retracement size from the previous candle as well on HTF? Just... Show more 12 months ago

CoffeeShopCrypto MF_Fish_From_Space Thats actually a pretty interesting concept. Keep in mind again this is currently an OSCILLATOR, its not sitting on price action... Show more 12 months ago

Faraz07 Great idea, we can add a probability factor which can tell what the probability of current candle to close above or lower than previous candle. 12 months ago

Faraz07 Like sometimes in long term tf, trend is bearish but short term is bullish. So probability for market to rise is weak as compared to long and short... Show more 12 months ago

MF_Fish_From_Space Yeah word, I'll join the discord but can't live chat til later this coming week tho, would like to share ideas for this 12 months ago

CoffeeShopCrypto Faraz07 What would the method be to determine this probability? What are the variables? As far i know, volume will determine what ur looking for, not... Show more 12 months ago

Faraz07 CoffeeShopCrypto Not sure, whether its making sense, but what i learnt price action is mostly based on probability after analyzing market structure... Show more 12 months ago

Faraz07 While creating this probability, we need to determine whether we should give FVG retracement more value than support or resistance. And similarly... Show more 12 months ago

CoffeeShopCrypto Faraz07 This method implies two things. Im not saying your wrong but so far your theory is just conjecture. There needs to be some basis to it.
"we... Show more 12 months ago

@[[792:contact:Faraz07]] This method implies two things. Im not saying your wrong but so far your theory is just conjecture. There needs to be some basis to it.
"we need to determine whether we should give FVG retracement more value than support or resistance."
that is an end goal but we need to know what defines this goal and what dissolves the goal. This is what i mean by conjecture.

The reason i say this is because the "two things" this implies is:
1. That all FVGs support or resist price action. I know infact they do not. I do have my own study on which FVGs are relevant on a chart near current price action and why.
2. This also implies there is an FVG beyond the direction of a retracement structure. The question then becomes: "What do you do if there is no FVG?" Then the math falls apart because the goal [FVG range] doesnt exist in the direction of price.

Like i said. Im not saying youre wrong. But we need to break this down into its existing and provable parts instead of just saying "Lets target an FVG under conditions"
We cant pick a goal without defining the steps to it. If you want to sit with me on this. Just let me know

Faraz07 CoffeeShopCrypto Most indicators related to Price action i have seen they only tell where is a FVG, support/resistance, BOS, trend etc means they... Show more 12 months ago

CoffeeShopCrypto Faraz07 Very good points. In my usage, i only use indicators to find out what price did in the past at a price level. This way i can gauge what to do... Show more 12 months ago

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