Support Board
Date/Time: Sat, 23 Nov 2024 15:12:33 +0000
Post From: Supply and Demand Indicator
| [2024-04-22 08:05:54] |
| binaryduke - Posts: 369 |
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@User 417081 from post 15 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.
The user-contributed custom studies are exactly that. User-contributed. Whether or not there's been any deep analysis by Sierra Chart as to their reputability is something for Sierra Chart to answer. Sierra Chart has been around for almost 20 years and in that time, various users have provided some studies that are now bundled in the software distribution. There are also two parts to "reputable". - is this code reputable? Does it do what it purports to do or is it malware that does something nasty to your computer? The source code provision helps with this (which is also a policy in place at futures.io with their indicator sharing - source code only). But... it should be no surprise to then consider that anything that has any degree of proprietary IP or commercial value is ever going to be shared in this way. - is the indicator/tool actually any use? TA is outdated and quite irrelevant these days (although beloved by retail traders). Just because an indicator is "reputable" by virtue of being bundled within a software distribution does not mean it is of any use to the task of extracting money from the markets. In trading, price moves because of imbalances in supply and demand. Same as in real life. The amount of stuff bought or sold vs what's on offer to be bought or sold has an effect on price. Learn to read this and you have a chance of being successful as a trader. Exactly the same thing applies to tools for trading. If there is demand for some magic tool or information that can assist in trading success, there is a price. If there's no demand, it doesn't sell. If it has no value, there's no demand. Expectations that knowledge and tools that provide value should be free or have source code disclosed is not realistic. It's a subversion of the rules of supply & demand. Exactly the same rules that need to be interpreted to have a chance at being successful as a trader. Date Time Of Last Edit: 2024-04-22 08:06:58
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