Central Bank Dealers Range Indicator

Discussion in 'Indicators and Charting' started by Hopiplaka, May 14, 2014.

  1. sqa

    sqa Village Scribe

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    You also aren't on a +2 chart. It looks to be +3.
     
  2. Conte69

    Conte69 Active Member

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    Hi Sqa
    Is not that.
    Can you send me a screen shot of yours?

    I use mac with windows simulation and that could be the problem. Anyway check my screen shot below and you will understand what I mean.
     

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  3. Hopiplaka

    Hopiplaka My thanks go out to ICT - the life changer

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    I still think there is no issue.
    The bar is drawn correctly over the 6 bars. I think what you mean is that the tan box is lower than the 6'th bar, but that's because the CDR runs until 00:00, but the bar itself runs until 00:59, so it is possible that you have a candle that is higher/lower the the cdr box.

    If you set the timeframe to 1 or 5 or 15 minutes, things will change and it will be more clear
     
  4. Conte69

    Conte69 Active Member

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    This are still 5 hours.
    And I think there should be another bar (h1 time frame) at the beginning of the tan.
     

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  5. sqa

    sqa Village Scribe

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    Does it perform the same on other charts? (Load up a new one)

    Set the chart effect to +1 and/or +3. (See if either does something different)

    And, emulated might have something to do with it.
     
  6. bigmanvan

    bigmanvan New Member

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    how do i set the zones for south african time
     
  7. sqa

    sqa Village Scribe

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    It only matters your broker's time zone.
     
  8. Stu_OS

    Stu_OS New Member

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    Hi,

    Using Forex LTD MT4 demo for testing purposes of the Daily CBDR Indie version 1.18.
    Forex LTD MT4 broker uses 0:00GMT time zone.

    Have noticed the CBDR is highlighted as 19:00GMT to 0:00GMT but as the start of this thread and ICT depicts the timezone for the CBDR is 18:00GMT to 0:00GMT.

    How can I change the start hour from 19:00GMT to 18:00GMT and also include 6 hours to 0:00GMT of CBDR?

    Please see attached screenshot. Please see the timestamps at the bottom of the screen at the start of the CBDR saying 19:00GMT instead of 18:00GMT
     

    Attached Files:

  9. kishisaki

    kishisaki Member

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    Hello,

    I think the CBDR suppose to be 5 hours range from 19 to 0 UTC same as Asia Range from 0 to 5 UTC.
    Can you change in a way that we can select the start and end of the CBDR?

    Regards.
     
  10. Astranor

    Astranor Member

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    Hi Hopiplaka.

    I'm wondering if you could please update your wonderful indicator with the new rules introduced recently by ICT about CBDR.

    It would be great if we could choose the start and the length of the CBDR so it would match the 20:00 to 5:00 range or whatever range that would suite us.

    Thank you.
     
  11. Hopiplaka

    Hopiplaka My thanks go out to ICT - the life changer

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    I've updated the indicator with the new info released by ICT:

    1) You can now choose to show either the CDR, Asian Range or Flout (CDR+AR)
    2) You can choose to use the 1H or 15 Min candles
    3) You can choose to include wicks or not
    4) Enable daylight saving, AR will be only 4 hours instead of 5

    You can find the indicator at https://dl.dropboxusercontent.com/u/307602/fx_indicators/_ICT_CBDR.ex4
     
  12. Astranor

    Astranor Member

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    ;D

    Hopiplaka you're a ledge!

    thank you so much
     
  13. sqa

    sqa Village Scribe

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    Thanks man. :)
     
  14. Astranor

    Astranor Member

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    Hopiplaka would you mind adding the 13:20 GMT candle open line, like the 5:00 GMT line please?

    We would be touching perfection.

    thx
     
  15. Hopiplaka

    Hopiplaka My thanks go out to ICT - the life changer

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    You might want to give this one a try:
    https://dl.dropboxusercontent.com/u/307602/fx_indicators/_ICT_CME.ex4

    It also allows you to set a CME level for LO (2:20 EST), but you can disable that.
    It's just something I monitor to see if is has a significant meaning.
     
  16. rod178

    rod178 Well-Known Member

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    It makes little sense to use 13:20 gmt for the entire year

    The Pits open 07:20 Chicago time ie CT.
    Obviously next week there has to be a DST adjustment.
     
  17. rod178

    rod178 Well-Known Member

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    Is there a rationale as to the significance of 02:20 EST ?
     
  18. sqa

    sqa Village Scribe

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    Old/New stuff, at the same time. He recently went over a deeper explanation for the Pit Open effect. But like most of his stuff, he's just actually explaining the things he said years ago.
     
  19. rod178

    rod178 Well-Known Member

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    Yes I understand the Pit Trader start concept, although he seems to be erroneously basing it upon 13:20 GMT is should be NY or Chicago times to account for dst SHIFTS.

    Actually my question was on the 02:20 EST. ie what exchange is that related to? Lodon????. My understanding is that only Open Outcry (ie Pit) trading in Europe is via the LME. ie not on FX etc, just metals.
     
  20. Astranor

    Astranor Member

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