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Wow what an interesting topic this has turned out to be. thanks for all the input.
After a lot of reading and playing around.
As you all know there is no TRUE volume in FX ( stop me if you have heard this before) so I have been thinking about and indicator similar to the market profile but based on price and time ie 60min bar how low does the price stand still at a particular price. so if we have the price sit at a
certain price the bars increase out on a horizontal. imho this should act as a true price pivot point. as that is the point where the buyer and sellers are fighting it out.
it's an idea that might have been done before but i can find it.
Let me know what you think
Cheers
Beno
similar to this
The Universal
But on a bar by bar basis.
Beno,
Not at home right now, I'm assuming you're talking about an indicator that accumulates the amount of seconds the price stays at a certain price rather than the amount of ticks?
That is an idea, i'm extremely interesting in.
similar to this
The Universal
But on a bar by bar basis.That the one imho that should give a true pivot point but i could be very wrong LOL.
cheers
Beno
Sounds much like market profile in concept although the indicator you are describing would represent it differently.
Capablanca
On the higher tf i think this should display where the fight between buyers and sellers is quite well.
do you have any ideas about this sort of indi you have been registered for a while.
cheers
beno