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After all this time, there really is never anything truly new under the sun. If someone like a vendor can help you, that's great, but very, very seldom is it a good idea to pay them very much for a "new" thing to put on a chart.
So many things have already been done, and basically, many times they just copy and repackage what is already available.
If a vendor can change how you look at trading in some way, that's valuable. But some lines on a chart... much less so, especially since it's often not particularly unique.
Bob.
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Edit: and good work to @erwinbeckers and @sharmas and @nguyen74. These sorts of things come up pretty often. It's good to deflate them, when they need it.
When one door closes, another opens.
-- Cervantes, Don Quixote
Looks like they sell it on the EminiPlayer site. 97/MO. There's quite a few sites that sell zones like this, really they all look like pivots to me that can probably be recreated with a free indicator. I could be wrong though!
The question is legitimate and curiosity is understandable, but the real question is, why does it matter?
The point of @nguyen74's and @erwinbeckers' and @sharmas's posts is that it doesn't make any difference. These gee-whiz systems are a dime a dozen, and anyone can put up some charts that look really impressive, at selected times and in hindsight, and then happily sell you very ordinary indicators and, in this case, bar types too.
Trying to duplicate their results is a deep waste of time. Once someone had their charts exactly the same, does anyone think it will make any difference? Why?
Gimmicky things like these might actually work, for all I know, for the right person, who probably could use many other things equally well -- which is fortunate, because there are many other chart layouts that are pretty much like this, for all intents and purposes.
Don't spend time and money on things that are free, and don't try duplicating any vendor's versions either. Try to learn something about how the market acts, and how to trade it, and don't confuse that with these kinds of easy non-solutions.
Also, it is always a good idea for a trader to understand why they make decisions as they do, and deal with their personal reactions to the market. If a person's trading needs improving, it is just not a good idea to look for any different chart type or a new indicator, or anything else, to solve what is not a chart or indicator problem as much as a personal one, if that's what it is. Almost any technical thing on a chart will work better if you do. And almost nothing on your chart is really going to be that unique.
If you're not sure what to do, keep it very, very simple. Involved or fancy methods will not do you a better job than objective observation of markets and your own good judgment and self-control.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
