Total posts on OFA AND D AND S
Post 2
Post 2
Chart for OFA and Marking Deception Zones...
Below is the D and S area 30 mins 5 th FEB for Nifty Fut marked in middle of the day
Step 1
Now below is the MP chart from Amibroker...we will study the prededing 5 days for this D and S area to mark the zones of weak which i call deception zones..
Just check this area with volume nods ...if we see the white lines are in the low value area..over the period of study
Step 2
Now we see the action part of this
We observe OFA in these deceptions zone which are weak support or resistances..and yellow line area is covered at least with one HVA with in the given period which can be called as accelerated area..since close of above and below have significant impact for direction
Bottom line : if you can mark demand and supply and can study MP then the significance of OFA is minimal this is my view don't run after some costly softwares
Below is the D and S area 30 mins 5 th FEB for Nifty Fut marked in middle of the day
Step 1
Now below is the MP chart from Amibroker...we will study the prededing 5 days for this D and S area to mark the zones of weak which i call deception zones..
Just check this area with volume nods ...if we see the white lines are in the low value area..over the period of study
Step 2
Now we see the action part of this
We observe OFA in these deceptions zone which are weak support or resistances..and yellow line area is covered at least with one HVA with in the given period which can be called as accelerated area..since close of above and below have significant impact for direction
Bottom line : if you can mark demand and supply and can study MP then the significance of OFA is minimal this is my view don't run after some costly softwares
Dada !!!
This is manual done and we can find this in Amibroker in charts...come to Basic charts go to volume at price multi
This is manual done and we can find this in Amibroker in charts...come to Basic charts go to volume at price multi
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