Satya Comprehensive Zones -V4-Rel 2.4
This is comprehensive automatic supply and demand zone identifications . And in addition , it also denotes various odd enhancers.
After adding the indicators, there are few things which you need select:
1. WIT ( Weekly Income Trade) -- In the curve time frame, choose the curve time frame : WIT/DIT/HIT ( weekly income trade/Daily Income trade/Hourly Income Trade)
2. select the no of base candles to be considered while drawing the Supply and Demand Zones. <3 candles,, up to 6 candles
Odd enhancers:
1. The zones are marked based
a) on time of the zone : If the no of base candles are <=3, it is marked with diamond odd enhancer
b) Freshness : Fresh ness is marked with numerical character "1" . First touch is big "1" and subsequent touches up to total 4 touches are marked .
c) strenght of the zone: is marked by character star symbol if it is high strength zone
d). if the first touch happens with in the first set of candles,(5) , it is denoted with flag symbol
e) the candle stick formations occuring at the zones is denoted with Hammer /Bu Haramin/ Bullish engulfing / inv hammer / Bearish Harami/ Bearish
engulfing
f) trend based on Moving averages is also shown and need to be selected accordingly
The indicator automatically draws this in all time frames .
This is only tool and the strategy to be used to go long/short will come later as it is extensive subject to learn
After adding the indicators, there are few things which you need select:
1. WIT ( Weekly Income Trade) -- In the curve time frame, choose the curve time frame : WIT/DIT/HIT ( weekly income trade/Daily Income trade/Hourly Income Trade)
2. select the no of base candles to be considered while drawing the Supply and Demand Zones. <3 candles,, up to 6 candles
Odd enhancers:
1. The zones are marked based
a) on time of the zone : If the no of base candles are <=3, it is marked with diamond odd enhancer
b) Freshness : Fresh ness is marked with numerical character "1" . First touch is big "1" and subsequent touches up to total 4 touches are marked .
c) strenght of the zone: is marked by character star symbol if it is high strength zone
d). if the first touch happens with in the first set of candles,(5) , it is denoted with flag symbol
e) the candle stick formations occuring at the zones is denoted with Hammer /Bu Haramin/ Bullish engulfing / inv hammer / Bearish Harami/ Bearish
engulfing
f) trend based on Moving averages is also shown and need to be selected accordingly
The indicator automatically draws this in all time frames .
This is only tool and the strategy to be used to go long/short will come later as it is extensive subject to learn
Release Notes:
Updated the colors and added user input for showing the <5 candle touch or showing off