here comes open source version of notorious JFT Indicator ( the indicator access you can get in some bucks ) on various telegram channels however they will not give code.
Now how it works 1. 2 ranges derived from indicator are supposed to be a consolidation zone and any close above or below is supposed to give a good move. 2. I personally consider it as may be addition to price analysis. ( i don't believe much in indicators,even simple MA gives fruitful results when there is good move in market ) 3. Range can be drawn on chart with various resolution ( Daily/Monthly/Weekly )
PS: I coded myself based on data analysis shown by access only indicator. In case you use it for your publication don't forget to give credits.
thanks for the open-source code. but if you have tried to code "JFT zones" indicator, levels plotted by your code is different than JFT zones.
anyway thanks
daytraderph
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@SDspeculator, can u share even without code for ref bec i know the original trader from where it all evolved
@daytraderph Bro the zones are not matching with JFT
AmanSaraf
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Hi. These are very helpful and accurate as JFT zones. One thing I'd like to discuss is, I'm looking for its formula, which can be put into an excel sheet. These zones give a great entry if we are able to monitor it in time. I'm looking forward to creating an alert system that would help us finding good trades. Even if we could get tomorrow's value a day before, we could create alerts in our watchlist. Can you help??
anyway thanks