Agreement on Price B&S

[Gymini]

I feel really stupid! We can get so caught up in finding indicators and strats that we can overlook something simple staring us in the face. I recently read a pdf How to Daytrade Like a Millionaire by MAURICE KENNY... title makes you instant skeptic because he also sells a service but if you read this and watch his youtube vids u can pretty much nail down his strat for free which is Supply & Demand with VWAP on a 5m and 1m chart with no other indicators. He teaches something so simple im betting alot of you have not noticed... pull up a 5minute chart with regular candles and everytime price reverses up or down whhat do you see? the buyers and sellers agree on price! Meaning if price is going up and starts to reverse you should be able to lay a horizontal line over the green candle close and red candle open within a couple of cents. Wicks do not factor. If price is going down a red candle close should be even with a green candle open. Look at a SPY chart from today and mark it with the box tool in tos for demand mark where the candles are even and go up .10cents and supply down .10 cents. These are your S&D zones. some of these will obviously be major zones while the smaller moves are more for support and resistance. So what I am proposing and asking is if we can turn this into an indicator? will post a pic later for better clarity.

https://imgur.com/a/UolkhlB

SPY 5min chart first few hrs reversals marked. Cyan line is price line Purple line is VWAP

 

[Gymini]

looking at some other charts this could get messy on a choppy day so perhaps instead of lines or zones maybe somone could code a couple of arrows instead when conditions are met and let user draw their own zones
Based on other charts im looking at these conditions have to happen for a reversal to take place so this is a sure fire way to spot an oncoming reversal or pullback for that matter

 

[ProcrastinatingPerfection]

I feel really stupid! We can get so caught up in finding indicators and strats that we can overlook something simple staring us in the face. I recently read a pdf How to Daytrade Like a Millionaire by MAURICE KENNY... title makes you instant skeptic because he also sells a service but if you read this and watch his youtube vids u can pretty much nail down his strat for free which is Supply & Demand with VWAP on a 5m and 1m chart with no other indicators. He teaches something so simple im betting alot of you have not noticed... pull up a 5minute chart with regular candles and everytime price reverses up or down whhat do you see? the buyers and sellers agree on price! Meaning if price is going up and starts to reverse you should be able to lay a horizontal line over the green candle close and red candle open within a couple of cents. Wicks do not factor. If price is going down a red candle close should be even with a green candle open. Look at a SPY chart from today and mark it with the box tool in tos for demand mark where the candles are even and go up .10cents and supply down .10 cents. These are your S&D zones. some of these will obviously be major zones while the smaller moves are more for support and resistance. So what I am proposing and asking is if we can turn this into an indicator? will post a pic later for better clarity.

https://imgur.com/a/UolkhlB

SPY 5min chart first few hrs reversals marked. Cyan line is price line Purple line is VWAP

Where can I find the PDF?

 

[Gymini]

https://www.mauricekenny.com/book/

 

[mwf369]

I feel really stupid! We can get so caught up in finding indicators and strats that we can overlook something simple staring us in the face. I recently read a pdf How to Daytrade Like a Millionaire by MAURICE KENNY... title makes you instant skeptic because he also sells a service but if you read this and watch his youtube vids u can pretty much nail down his strat for free which is Supply & Demand with VWAP on a 5m and 1m chart with no other indicators. He teaches something so simple im betting alot of you have not noticed... pull up a 5minute chart with regular candles and everytime price reverses up or down whhat do you see? the buyers and sellers agree on price! Meaning if price is going up and starts to reverse you should be able to lay a horizontal line over the green candle close and red candle open within a couple of cents. Wicks do not factor. If price is going down a red candle close should be even with a green candle open. Look at a SPY chart from today and mark it with the box tool in tos for demand mark where the candles are even and go up .10cents and supply down .10 cents. These are your S&D zones. some of these will obviously be major zones while the smaller moves are more for support and resistance. So what I am proposing and asking is if we can turn this into an indicator? will post a pic later for better clarity.

https://imgur.com/a/UolkhlB

SPY 5min chart first few hrs reversals marked. Cyan line is price line Purple line is VWAP

Interesting!

Any progress on an indicator?

Thanks.