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Demand and Supply Conditions with SignalsIntroduction: This document outlines a trading strategy that utilizes price action analysis and color signals to make informed trading decisions. The strategy focuses on identifying demand and supply conditions, curve patterns, and generating signals based on historical price data. The colors associated with each condition and signal serve as visual indicators to assist in decision-making. I. Strategy Overview: Objective: The objective of this trading strategy is to identify potential trading opportunities based on price action analysis and color signals. Key Components: Demand Condition: A green upward-facing triangle indicates a potential demand condition. Supply Condition: A red downward-facing triangle indicates a potential supply condition. Curve Pattern Condition: A blue upward-facing triangle indicates a potential curve pattern condition. Signal Condition: A yellow upward-facing triangle indicates a potential buy signal. II. Understanding the Colors: * Green: Represents the demand condition, which suggests potential buying pressure in the market. A green upward-facing triangle is plotted on the chart when the demand condition is met at a specific candle or bar. * Red: Represents the supply condition, which suggests potential selling pressure in the market. A red downward-facing triangle is plotted on the chart when the supply condition is met at a specific candle or bar. * Blue: Represents the curve pattern condition, which suggests the presence of a specific pattern based on price action analysis. A blue upward-facing triangle is plotted on the chart when the curve pattern condition is met at a specific candle or bar. * Yellow: Represents the signal condition, which is a combination of the demand condition and the curve pattern condition. A yellow upward-facing triangle is plotted on the chart when the signal condition is met at a specific candle or bar, indicating a potential buy signal. III. Decision-Making Process: * Demand and Supply Conditions: Identify potential buying opportunities when a green demand condition is present. Consider potential selling opportunities when a red supply condition is present. Use these conditions to assess the overall market sentiment and potential price reversals. * Curve Patterns: Analyze the presence of blue curve pattern conditions to identify specific price patterns. These patterns can provide additional confirmation for potential trading decisions. * Signal Condition: Pay attention to the yellow signal condition, which indicates a potential buy signal. Evaluate the overall market context and consider entering a buy position when the signal condition is met. * Risk Management: Implement proper risk management techniques such as setting stop-loss orders and position sizing to protect against potential losses. IV. Conclusion: This trading strategy leverages price action analysis and color signals to identify potential trading opportunities. The colors associated with each condition and signal serve as visual aids to highlight specific points on the chart. It's important to thoroughly backtest and validate the strategy before applying it to real-world trading scenarios. Additionally, always consider market conditions, risk management, and individual trading preferences when making trading decisions. Disclaimer: Trading involves risks, and this document does not guarantee profitable outcomes. Traders should exercise caution and perform their own due diligence before engaging in any trading activity. Remember to continually review and adapt your trading strategy based on market conditions and personal experiences to enhance its effectiveness.
Индикатор Pine Script®
от DjMaxCapital
Demand Index (James Sibbet)This indicator is a faithful implementation of James Sibbet’s Demand Index — a leading volume-price oscillator designed to anticipate trend reversals, confirm momentum, and highlight divergences between price and volume pressure. Key Features • Original Sibbet Formula with H + L + 2C price input and 0.375 exponential factor. • Buy/Sell Power Calculation with EMA smoothing (ATAS default settings). • Demand Index SMA for trend confirmation. • Zero-Line Centering for quick bullish/bearish identification. • Red/Green Coloring for immediate sentiment visualization. How to Use 1. Above Zero → Bullish pressure dominates (green). 2. Below Zero → Bearish pressure dominates (red). 3. Divergences → Price making new highs/lows without confirmation in DI often precedes reversals. 4. Use DI SMA for signal smoothing and better trend filtering.
Индикатор Pine Script®
от conair
Supply & Demand (MTF) [Bearly Invested]Overview This multi-timeframe supply and demand zone indicator identifies institutional price areas using a unique "Last 2 Opposite Candles" methodology. Unlike traditional support/resistance indicators, this script detects zones by analyzing momentum-based impulse moves and marking the base formed by the last two opposite-colored candles before the displacement. ​ How It Works Zone Detection Logic The indicator identifies supply and demand zones through a four-step process: Momentum Detection: Monitors for consecutive candles with body sizes exceeding the 20-period average body size by a configurable multiplier (default 0.5x) Impulse Confirmation: When the required number of momentum candles (default: 4 candles within 4-bar span) is detected, the script identifies a potential impulse move Base Identification: Looks back through all consecutive momentum bars, then scans up to 50 bars to find the last two opposite-colored candles that formed before the impulse Zone Creation: Creates a supply/demand zone using the combined high and low of those two opposite candles Multi-Timeframe Analysis The indicator supports up to three simultaneous timeframes, allowing you to identify higher timeframe zones while trading on lower timeframes. Each timeframe independently calculates zones using its own momentum criteria, providing confluence when multiple timeframe zones align. ​ Zone Combination Feature When "Combine Zones" is enabled, overlapping zones from different timeframes or detection instances are automatically merged into single zones. Combined zones display all contributing timeframes in the label (e.g., "15 Min & 30 Min"). ​ Zone Management Invalidation Methods Choose between two zone invalidation approaches: Wick: Zone remains valid until price wicks through the boundary Close: Zone remains valid until a candle closes through the boundary Zone Filtering The script includes built-in filters to reduce noise: Minimum zone size requirement (10 bars on detection timeframe) Maximum zone size limit (1.5x ATR) Minimum 5-bar cooldown between new zone detections Distance-based filtering (zones beyond max lookback are hidden) Key Features Retest & Break Detection Retests: Automatically marks when price retests an active zone with "R" labels ​ Breaks: Optionally displays "B" labels when zones are invalidated Built-in cooldown system prevents label spam (5-bar minimum between retests) Alert Conditions Four alert types are included: Supply Zone Retest Demand Zone Retest Supply Zone Break Demand Zone Break Configuration Guide General Settings Zone Count: High (30 zones), Medium (5), Low (3), or One (single most recent zone per type) Momentum Count: Number of consecutive momentum candles required (default: 4) Momentum Span: Maximum bars to scan for momentum confirmation (default: 4) Max Lookback For Opposite Candles: How far back to search for base candles (default: 50) Max Distance To Last Bar: Controls historical zone visibility (High: 1250 bars, Normal: 500, Low: 150) Timeframe Configuration Enable up to three timeframes simultaneously. When multiple timeframes show the same value (e.g., chart timeframe), duplicate detection automatically disables redundant calculations. ​ Visual Options Customizable supply/demand colors with transparency "Show Historic Zones" toggles visibility of broken/invalidated zones Text color and label positioning controls Combined zones display with increased opacity for emphasis Best Practices Timeframe Selection: Use higher timeframes (15m, 30m, 1H) for swing trades; lower timeframes work for scalping when combined with HTF confluence Zone Invalidation: "Close" method reduces false breaks from wicks; "Wick" method is more conservative Zone Count: Start with "Medium" or "Low" settings to avoid chart clutter, especially on lower timeframes Momentum Parameters: Lower values (3-4) detect more zones; higher values (5-6) create stricter, higher-quality zones Combine Zones: Enable this feature to merge overlapping multi-timeframe zones for cleaner charts and stronger confluence areas Important Notes Zones are calculated in real-time on the detection timeframe and displayed on your chart timeframe The indicator looks back a maximum of 2000 bars for calculations Maximum of 500 boxes/labels can be displayed simultaneously due to Pine Script limitations Zones older than the "Max Distance" setting are automatically hidden but still tracked for break/retest detection The "Last 2 Opposite Candles" method may produce zones of varying sizes depending on the range of those base candles
Индикатор Pine Script®
от BearlyInvested
Indecisive CandlesAn Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market. To calculate whether a candle qualifies as an indecisive candle based on the criterion that its body (the absolute difference between its open and close prices) is less than or equal to 50% of the total range of the candle (the difference between its high and low prices). Key Features: Small Real Body: Signifies minimal movement from open to close, indicating market indecision. Long Upper and Lower Wicks: Show that both bulls and bears attempted to control the price, but neither succeeded, leading to a standoff. Formation Context: Typically found at the end of a strong trend or within a consolidation phase, hinting at a potential reversal or continuation pattern. Usage in Identifying Institutional Supply and Demand: Supply Zones: When an Indecisive Candle forms after a rally, it can mark the onset of an institutional supply zone, suggesting that large entities are starting to sell, leading to potential downward pressure. Demand Zones: Conversely, when this candle appears after a downtrend, it often signals the emergence of a demand zone, where institutions begin to accumulate, anticipating a price increase. Trading Strategies: Zone Identification: Use Indecisive Candles to pinpoint key supply and demand zones on your chart, enhancing the accuracy of your support and resistance levels. Confirmation: Look for confirmation from subsequent price action or volume spikes to validate the presence of institutional activity before making trading decisions. Risk Management: Place stop-loss orders beyond the wicks of these candles to protect against false breakouts or continued indecision. Conclusion: Indecisive Candles are essential tools for traders looking to understand market sentiment and institutional behavior. By mastering their identification and interpretation, you can enhance your ability to spot high-probability trading opportunities and manage risks effectively.
Индикатор Pine Script®
от DOSALGO
2
DAO - Demand Advanced Oscillator# DAO - Demand Advanced Oscillator ## 📊 Overview DAO (Demand Advanced Oscillator) is a powerful momentum oscillator that measures buying and selling pressure by analyzing consecutive high-low relationships. It helps identify market extremes, divergences, and potential trend reversals. **Values range from 0 to 1:** - **Above 0.70** = Overbought (potential reversal down) - **Below 0.30** = Oversold (potential reversal up) - **0.30 - 0.70** = Neutral zone --- ## ✨ Key Features ✅ **Automatic Divergence Detection** - Bullish divergences (price lower low + DAO higher low) - Bearish divergences (price higher high + DAO lower high) - Visual lines connecting divergence points ✅ **Multi-Timeframe Analysis** - View higher timeframe DAO on current chart - Perfect for trend alignment strategies ✅ **Signal Line (EMA)** - Customizable EMA for trend confirmation - Crossover signals for momentum shifts ✅ **Real-Time Statistics Dashboard** - Current DAO value - Market status (Overbought/Oversold/Neutral) - Trend direction indicator ✅ **Complete Alert System** - Overbought/Oversold signals - Bullish/Bearish divergences - Signal line crosses - Level crosses ✅ **Fully Customizable** - Adjustable periods and levels - Customizable colors and zones - Toggle features on/off --- ## 📈 Trading Signals ### 1. Divergences (Most Powerful) **Bullish Divergence:** - Price makes lower low - DAO makes higher low - Signal: Strong reversal up likely **Bearish Divergence:** - Price makes higher high - DAO makes lower high - Signal: Strong reversal down likely ### 2. Overbought/Oversold **Overbought (>0.70):** - Market may be overextended - Consider taking profits or looking for shorts - Can remain overbought in strong trends **Oversold (<0.30):** - Market may be oversold - Consider buying opportunities - Can remain oversold in strong downtrends ### 3. Signal Line Crossovers **Bullish Cross:** - DAO crosses above signal line - Momentum turning positive **Bearish Cross:** - DAO crosses below signal line - Momentum turning negative ### 4. Level Crosses **Cross Above 0.30:** Exiting oversold zone (potential uptrend) **Cross Below 0.70:** Exiting overbought zone (potential downtrend) --- ## ⚙️ Default Settings 📊 Oscillator Period: 14 Number of bars for calculation 📈 Signal Line Period: 9 EMA period for signal line 🔴 Overbought Level: 0.70 Upper threshold 🟢 Oversold Level: 0.30 Lower threshold 🎯 Divergence Detection: ON Auto divergence identification ⏰ Multi-Timeframe: OFF Higher TF overlay (optional) All parameters are fully customizable! --- ## 🔔 Alerts Six pre-configured alerts available: 1. DAO Overbought 2. DAO Oversold 3. DAO Bullish Divergence 4. DAO Bearish Divergence 5. DAO Signal Cross Up 6. DAO Signal Cross Down **Setup:** Right-click indicator → Add Alert → Choose condition --- ## 💡 How to Use ### Best Practices: ✅ Focus on divergences (strongest signals) ✅ Combine with support/resistance levels ✅ Use multiple timeframes for confirmation ✅ Wait for price action confirmation ✅ Practice proper risk management ### Avoid: ❌ Trading on indicator alone ❌ Fighting strong trends ❌ Ignoring market context ❌ Overtrading ### Recommended Settings by Trading Style: **Day Trading:** Period 7-10, All alerts ON **Swing Trading:** Period 14-21, Divergence alerts **Scalping:** Period 5-7, Signal crosses **Position Trading:** Period 21-30, Weekly/Daily TF --- ## 🌍 Markets & Timeframes **Works on all markets:** - Forex (all pairs) - Stocks (all exchanges) - Cryptocurrencies - Commodities - Indices - Futures **Works on all timeframes:** 1m to Monthly --- ## 📊 How It Works DAO calculates the ratio of buying pressure to total market pressure: 1. **Calculate Buying Pressure (DemandMax):** - If current high > previous high: DemandMax = difference - Otherwise: DemandMax = 0 2. **Calculate Selling Pressure (DemandMin):** - If previous low > current low: DemandMin = difference - Otherwise: DemandMin = 0 3. **Apply Smoothing:** - Calculate SMA of DemandMax over N periods - Calculate SMA of DemandMin over N periods 4. **Final Formula:** ``` DAO = SMA(DemandMax) / (SMA(DemandMax) + SMA(DemandMin)) ``` This produces a normalized value (0-1) representing market demand strength. --- ## 🎯 Trading Strategies ### Strategy 1: Divergence Trading - Wait for divergence label - Confirm at support/resistance - Enter on confirming candle - Stop loss beyond recent swing - Target: opposite level or 0.50 ### Strategy 2: Overbought/Oversold - Best for ranging markets - Wait for extreme readings - Enter on reversal from extremes - Target: middle line (0.50) ### Strategy 3: Trend Following - Identify trend direction first - Use DAO to time entries in trend direction only - Enter on pullbacks to oversold (uptrend) or overbought (downtrend) - Trade with the trend ### Strategy 4: Multi-Timeframe - Enable MTF feature - Trade only when both timeframes align - Higher TF = trend direction - Lower TF = precise entry --- ## 📂 Category **Primary:** Oscillators **Secondary:** Statistics, Volatility, Momentum --- ## 🏷️ Tags dao, oscillator, momentum, overbought-oversold, divergence, reversal, demand-indicator, price-exhaustion, statistics, volatility, forex, stocks, crypto, multi-timeframe, technical-analysis --- ## ⚠️ Disclaimer **This indicator is for educational purposes only.** It does not constitute financial advice. Trading involves substantial risk of loss. Always conduct your own research, use proper risk management, and consult with financial professionals before making trading decisions. Past performance does not guarantee future results. --- ## 📄 License Open source - Free to use for personal trading, modify as needed, and share with attribution. --- **Version:** 1.0 **Status:** Production Ready ✅ **Pine Script:** v5 **Trademark-Free:** 100% Safe to Publish --- *Made with 💙 for traders worldwide*
Индикатор Pine Script®
от kostyanius
2
Volume Profile / Order Blocks + Demandas e Ofertas FortesThis indicator combines two powerful technical analysis tools into one: the Volume Profile Bar-Magnified Order Blocks and Strong Demands and Offers. The Volume Profile Bar-Magnified Order Blocks identifies and highlights significant areas of volume and price on the chart, helping traders identify zones of high liquidity and potential trend reversal areas. With advanced customization features such as choice of mitigation method and grid adjustments, traders can tailor the indicator to their individual preferences. Alongside the Volume Profile, Strong Demands and Offers add an additional layer of analysis, highlighting points of interest where buying or selling pressure is strongest. This helps traders identify key areas where the balance of power may shift, providing potential entry or exit signals. Key Features: Automatic identification of significant volume areas. Highlighting of zones of high liquidity and potential trend reversal areas. Advanced customization, including choice of mitigation method and grid adjustments. Highlighting of strong demands and offers to identify key areas of buying or selling pressure. How to Use: Add the indicator to your chart. Adjust the parameters according to your preferences. Observe the highlighted areas of volume and price on the chart. Look for entry or exit signals based on the identified areas of interest. This indicator is a valuable tool for traders looking to enhance their technical analysis based on volume and market dynamics. Try it out in your trading strategy and discover how it can help you make more informed and accurate decisions.
Индикатор Pine Script®
от FXBlueShark
5
MTF OB Supply Demand ZonesHello everyone, This exceptional indicator provides you with visual representations of bullish and bearish order blocks or supply and demand zones across multiple timeframes. In simple terms, bullish order blocks are represented by a small red candle followed by a large red candle, while bearish order blocks are depicted as a small green candle followed by a large red candle. Supply and demand zones are drawn by using order blocks. Features: Display order blocks from up to three different timeframes. Customize the maximum number of boxes shown and the colors of the zones. Choose from three different modes: OB (Order Block), Extended OB, and Supply/Demand. Mode Descriptions: OB: Includes the body of the candle. Extended OB: Encompasses the body and wick of the candle. Supply/Demand: Covers the body, wick, and half the body of the large candle. Usage: Ensure that charts 2 and 3 are set to a higher timeframe. For modes 2 and 3, it’s recommended to reduce the maximum number of boxes shown. The zones or boxes are transparent, allowing for overlap. This feature aids in identifying reversal zones or confirmed zones. The more intense the color, the stronger the confirmation. If a green zone overlaps a red zone (or vice versa), it signifies a reversal zone. Thank you for checking out this indicator! --- Additional Information: Order blocks refer to specific price areas where large market participants, such as institutional traders, have previously placed significant buy or sell orders. These clusters of orders can impact price movement, liquidity, and market sentiment. Order blocks are a strategic approach to identifying key levels of support and resistance based on the behavior of institutional traders. These key levels are then utilized as entry or exit points for trades. An order block is an area where there has been a large concentration of limit orders awaiting execution. These blocks are identified on a chart by observing previous price action and pinpointing areas where the price experienced significant movement or abrupt changes in direction. Order blocks are used in the following popular trading philosophies: Smart Money Concepts (SMC) Inner Circle Trading (ICT) Price Action --- Credits to: @AGFXTRADING
Индикатор Pine Script®
от simwai
13
RSI Supply / Demand ZonesLines plotted for the Low and High of the region of price that was Overbought or Oversold (Low of the candle that became overbought and highest high in the Overbought period) (High of the candle that became oversold and highest high in the Oversold period) I like to use the dotted lines as pivot points for the reversal of the trend, and also pay attention to small tops and bottoms (normal lines) that form in strong trends, as they usually make for brief periods of acummulation/distribution before the continuation of the strong trend.
Индикатор Pine Script®
от GioLucaas
13
TD Supply & Demand Points ``` TD Supply & Demand Points Indicator This technical indicator helps identify potential supply and demand zones using price action pattern recognition. It scans for specific candle formations that may indicate institutional trading activity and potential reversal points. Features: • Two pattern detection modes: Level 1: Basic 3-candle pattern for faster signals Level 2: Advanced 5-candle pattern for higher probability setups • Clear visual markers: - Red X above bars for supply points - Green X below bars for demand points - Automatic offset adjustment based on pattern level Pattern Definitions: Level 1 (3-candle pattern): Supply: Middle candle's high is higher than both surrounding candles Demand: Middle candle's low is lower than both surrounding candles Level 2 (5-candle pattern): Supply: Sequence showing distribution with higher highs followed by lower highs Demand: Sequence showing accumulation with lower lows followed by higher lows Usage Tips: • Use Level 1 for more frequent signals and Level 2 for stronger setups • Look for confluence with key support/resistance levels • Consider overall market context and trend • Can be used across multiple timeframes • Best combined with volume and price action analysis Settings: Pattern Level: Toggle between Level 1 (3-candle) and Level 2 (5-candle) patterns Note: This indicator is designed to assist in identifying potential trading opportunities but should be used as part of a comprehensive trading strategy with proper risk management. Version: 5.0 ``` I've written this description to be: 1. Clear and concise 2. Technically accurate 3. Helpful for both new and experienced traders 4. Professionally formatted for TradingView 5. Focused on the key features and practical usage Would you like me to modify any part of it or add more specific details about certain aspects?
Индикатор Pine Script®
от Kaymar_Cap
1
Advanced Supply and DemandThe Supply and Demand Visible Range indicator displays areas & levels on the user's chart for the visible range using a novel volume-based method. The script also makes use of intra-bar data to create precise Supply & Demand zones. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. The supply/demand areas and levels displayed by the script are aimed at providing potential supports/resistances for users. The script's behavior makes it recalculate each time the visible chart interval/range changes, as such this script is more suited as a descriptive tool. Price reaching a supply (upper) area that might have been tested a few times might be indicative of a potential reversal down, while price reaching a demand (lower) area that might have been tested a few times could be indicative of a potential reversal up. The width of each area can also indicate which areas are more liquid, with thinner areas indicating more significant liquidity. The user can control the width of each area using the Threshold % setting, with a higher setting returning wider areas. The precision setting can also return wider supply/demand areas if very low values are used and has the benefit of improving the script execution time at the cost of precision. The Supply and Demand Zones indicator returns various levels. The solid-colored levels display the average of each area, while dashed colored lines display the weighted averages of each area. These weighted averages can highlight more liquid price levels within the supply/demand areas. Central solid/dashed lines display the average between the areas' averages and weighted averages. 🔶 DETAILS Each supply/demand area is constructed from volume data. The calculation is done as follows: The accumulated volume within the chart visible range is calculated. The chart visible range is divided into N bins of equal width (where N is the resolution setting) Calculation start from the highest visible range price value for the supply area, and lowest value for the demand area. The volume within each bin after the starting calculation level is accumulated, once this accumulated volume is equal or exceed the threshold value (p % of the total visible range volume) the area is set. Each bin volume accumulation within an area is displayed on the left, this can help indicate how fast volume accumulates within an area. 🔶 LIMITATIONS The script execution time is dependent on all of the script's settings, using more demanding settings might return errors so make sure to be aware of the potential scenarios that might make the script exceed the allowed execution time: Having a chart's visible range including a high number of bars. Using a high number of bins (high resolution value) will increase computation time, this can be worsened by using a high threshold %. Using very low intra-bar timeframe can drastically increase computation time but can also simply throw an error if the chart timeframe is high.
Индикатор Pine Script®
от Crxzx
Support Resistance Major/Minor [TradingFinder] Market Structure🔵 Introduction Support and resistance levels are key concepts in technical analysis, serving as critical points where prices pause or reverse due to the interaction of supply and demand. These foundational elements in price action and classical technical analysis assist traders in understanding market behavior and making better trading decisions. Support levels are zones where demand is strong enough to prevent further price declines, while resistance levels act as barriers that hinder price increases. Support and resistance levels are divided into two main types: static and dynamic. Static levels are fixed horizontal lines on charts, formed based on historical price points, and are crucial due to repeated price reactions in these areas. Dynamic levels, on the other hand, move with market trends and are often identified using tools like moving averages and trendlines. These levels are particularly useful for analyzing dynamic trends and identifying potential reversal points in financial markets. The importance of support and resistance in technical analysis lies in their ability to pinpoint price reversal or continuation points. Professional traders use these levels to determine optimal entry and exit points and combine them with tools such as Fibonacci retracements or moving averages for precise strategies. Detailed analysis of price behavior at these levels provides insights into trend strength and the likelihood of price breaks or reversals. By understanding these concepts, technical analysts can forecast future price movements and optimize their trading decisions using tools such as indicators and price action. Support and resistance levels, as a cornerstone of technical analysis, form the foundation for many trading strategies. 🔵 How to Use The Static Support and Resistance Indicator is a vital tool for identifying significant price zones in financial markets. It automatically detects major and minor support and resistance levels in both short-term and long-term intervals, enabling traders to analyze price behavior accurately and develop optimal entry and exit strategies. 🟣 Major Long-Term Support and Resistance Major Long-Term Support : The lowest price points recorded over long-term intervals that prevent further declines. Major Long-Term Resistance : The highest price points in long-term intervals that limit further price increases. 🟣 Minor Long-Term Support and Resistance Minor Long-Term Support : Temporary halts in price decline within a downtrend over long-term intervals. Minor Long-Term Resistance : Short-term zones within long-term intervals where prices react negatively in an uptrend. 🟣 Major Short-Term Support and Resistance Major Short-Term Support : The lowest price points in short-term intervals that act as barriers against sharp price drops. Major Short-Term Resistance : The highest points in short-term intervals that prevent further price surges. 🟣 Minor Short-Term Support and Resistance Minor Short-Term Support : Temporary halts in price decline within short-term downtrends. Minor Short-Term Resistance : Zones where price reacts quickly and reverses in short-term uptrends. 🔵 Settings Long Term S&R Pivot Period : Defines the interval for identifying long-term support and resistance levels (default: 21). Short Term S&R Pivot Period : Defines the interval for identifying short-term support and resistance levels (default: 5). 🟣 Long-Term Lines Major Line Display : Enable/disable major long-term lines. Minor Line Display : Enable/disable minor long-term lines. Major Line Colors : Green for support, red for resistance (long-term major levels). Minor Line Colors : Light green for support, light red for resistance (long-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major long-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor long-term levels. Major Line Width : Adjust the thickness of major long-term lines. Minor Line Width : Adjust the thickness of minor long-term lines. 🟣 Short-Term Lines Major Line Display : Enable/disable major short-term lines. Minor Line Display : Enable/disable minor short-term lines. Major Line Colors : Gray-green for support, gray-red for resistance (short-term major levels). Minor Line Colors : Dark green for support, dark red for resistance (short-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major short-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor short-term levels. Major Line Width : Adjust the thickness of major short-term lines. Minor Line Width : Adjust the thickness of minor short-term lines. 🔵 Conclusion Static support and resistance levels are among the most critical tools in technical analysis, helping traders identify key reversal or continuation points. This indicator simplifies and enhances the analysis process by automatically detecting major and minor levels in both short-term and long-term intervals. It allows traders to customize settings to suit their trading strategies and analyze different market levels effectively. Using this indicator improves price action analysis, enhances market understanding, and identifies trading opportunities. Applicable to all trading styles, from day trading to long-term investing, it is an essential tool for technical analysis. Combining this indicator with other tools like trendlines, Fibonacci retracements, and moving averages enables comprehensive analysis and allows traders to navigate financial markets with greater confidence.
Индикатор Pine Script®
от TFlab
10
Supply and Demand Visible Range [LuxAlgo]The Supply and Demand Visible Range indicator displays areas & levels on the user's chart for the visible range using a novel volume-based method. The script also makes use of intra-bar data to create precise Supply & Demand zones. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. 🔶 USAGE The supply/demand areas and levels displayed by the script are aimed at providing potential supports/resistances for users. The script's behavior makes it recalculate each time the visible chart interval/range changes, as such this script is more suited as a descriptive tool. Price reaching a supply (upper) area that might have been tested a few times might be indicative of a potential reversal down, while price reaching a demand (lower) area that might have been tested a few times could be indicative of a potential reversal up. The width of each area can also indicate which areas are more liquid, with thinner areas indicating more significant liquidity. The user can control the width of each area using the Threshold % setting, with a higher setting returning wider areas. The precision setting can also return wider supply/demand areas if very low values are used and has the benefit of improving the script execution time at the cost of precision. The Supply and Demand Zones indicator returns various levels. The solid-colored levels display the average of each area, while dashed colored lines display the weighted averages of each area. These weighted averages can highlight more liquid price levels within the supply/demand areas. Central solid/dashed lines display the average between the areas' averages and weighted averages. 🔶 DETAILS Each supply/demand area is constructed from volume data. The calculation is done as follows: The accumulated volume within the chart visible range is calculated. The chart visible range is divided into N bins of equal width (where N is the resolution setting) Calculation start from the highest visible range price value for the supply area, and lowest value for the demand area. The volume within each bin after the starting calculation level is accumulated, once this accumulated volume is equal or exceed the threshold value ( p % of the total visible range volume) the area is set. Each bin volume accumulation within an area is displayed on the left, this can help indicate how fast volume accumulates within an area. 🔶 LIMITATIONS The script execution time is dependent on all of the script's settings, using more demanding settings might return errors so make sure to be aware of the potential scenarios that might make the script exceed the allowed execution time: Having a chart's visible range including a high number of bars. Using a high number of bins (high resolution value) will increase computation time, this can be worsened by using a high threshold %. Using very low intra-bar timeframe can drastically increase computation time but can also simply throw an error if the chart timeframe is high. Users facing issues can lower the resolution value or use the chart timeframe for intra-bar data.
Индикатор Pine Script®
от LuxAlgo
125
GDM DEMAND SUPPLY STRATEGYSupply/Demand sign indicate that there is either supply or demand created in that particular candle. To trade this sign we have to wait until any further candle to close either above or below high or low of the candle marked with Supply/Demand. Closing above will be a BUY trade with SL below LOW of candle marked with Supply/Demand. Closing below will be a SELL trade with SL above HIGH of candle marked with Supply/Demand. If there are more than one continuous candles marked with Supply/Demand then that whole bunch of candles should be considered as one Supply or Demand Zone and we should wait for any further candles to close above or below that zone. Exit Signal indicates that the strength is reducing and we should prepare for exit and we can trail our stop-loss above or below the previous swing high or low respectively for Short and Long trades. The Supply/Demand signals are prominent with stocks. Whereas for Currency Pairs The 'Exit Sign's can be used for ENTRY with same Close Above/Below and Trailing SL logic. These signal scan be used in any time-frame.
Индикатор Pine Script®
от Re-LionsTradingAcademy
1
Adaptive Volume‐Demand‐Index (AVDI)Demand Index (according to James Sibbet) – Short Description The Demand Index (DI) was developed by James Sibbet to measure real “buying” vs. “selling” strength (Demand vs. Supply) using price and volume data. It is not a standalone trading signal, but rather a filter and trend confirmer that should always be used together with chart structure and additional indicators. --- \ 1. Calculation Basis\ 1. Volume Normalization $$ \text{normVol}_t = \frac{\text{Volume}_t}{\mathrm{EMA}(\text{Volume},\,n_{\text{Vol}})_t} \quad(\text{e.g., }n_{\text{Vol}} = 13) $$ This smooths out extremely high volume spikes and compares them to the average (≈ 1 means “average volume”). 2. Price Factor $$ \text{priceFactor}_t = \frac{\text{Close}_t - \text{Open}_t}{\text{Open}_t}. $$ Positive values for bullish bars, negative for bearish bars. 3. Component per Bar $$ \text{component}_t = \text{normVol}_t \times \text{priceFactor}_t. $$ If volume is above average (> 1) and the price rises slightly, this yields a noticeably positive value; conversely if the price falls. 4. Raw DI (Rolling Sum) Over a window of \$w\$ bars (e.g., 20): $$ \text{RawDI}_t = \sum_{i=0}^{w-1} \text{component}_{\,t-i}. $$ Alternatively, recursively for \$t \ge w\$: $$ \text{RawDI}_t = \text{RawDI}_{t-1} + \text{component}_t - \text{component}_{\,t-w}. $$ 5. Optional EMA Smoothing An EMA over RawDI (e.g., \$n\_{\text{DI}} = 50\$) reduces short-term fluctuations and highlights medium-term trends: $$ \text{EMA\_DI}_t = \mathrm{EMA}(\text{RawDI},\,n_{\text{DI}})_t. $$ 6.Zero Line Handy guideline: RawDI > 0: Accumulated buying power dominates. RawDI < 0: Accumulated selling power dominates. 2. Interpretation & Application Crossing Zero RawDI above zero → Indication of increasing buying pressure (potential long signal). RawDI below zero → Indication of increasing selling pressure (potential short signal).  Not to be used alone for entry—always confirm with price action. RawDI vs. EMA_DI RawDI > EMA\_DI → Acceleration of demand. RawDI < EMA\_DI → Weakening of demand. Divergences Price makes a new high, RawDI does not make a higher high → potential weakness in the uptrend. Price makes a new low, RawDI does not make a lower low → potential exhaustion of the downtrend. 3. Typical Signals (for Beginners) \ 1. Long Setup\ RawDI crosses zero from below, RawDI > EMA\_DI (acceleration), Price closes above a short-term swing high or resistance. Stop-Loss: just below the last swing low, Take-Profit/Trailing: on reversal signals or fixed R\:R. 2. Short Setup RawDI crosses zero from above, RawDI < EMA\_DI (increased selling pressure), Price closes below a short-term swing low or support. Stop-Loss: just above the last swing high. --- 4. Notes and Parameters Recommended Values (Beginners): Volume EMA (n₍Vol₎) = 13 RawDI window (w) = 20 EMA over DI (n₍DI₎) = 50 (medium-term) or 1 (no smoothing) Attention:\ NEVER use in isolation. Always in combination with price action analysis (trendlines, support/resistance, candlestick patterns). Especially during volatile news phases, RawDI can fluctuate strongly → EMA\_DI helps to avoid false signals. --- Conclusion The Demand Index by James Sibbet is a powerful filter to assess price movements by their volume backing. It shows whether a rally is truly driven by demand or merely a short-term volume anomaly. In combination with classic chart analysis and risk management, it helps to identify robust entry points and potential trend reversals earlier.
Индикатор Pine Script®
от TradeQUO
Institutional Zone Detector [Scalping-Algo]█ OVERVIEW The Institutional Zone Detector identifies key supply and demand zones where large market participants (institutions, banks, hedge funds) have likely placed significant orders. These zones often act as powerful support and resistance levels, making them strategic areas for trade entries and exits. This indicator is non-repainting, meaning once a signal appears on your chart, it will never disappear or change position. What you see in backtesting is exactly what you would have seen in real-time. █ CORE CONCEPT Markets move when large players execute substantial orders. These orders leave footprints in the form of specific candlestick patterns: Demand Zones (Bullish) When institutions accumulate positions, we often see a bearish candle followed by a strong bullish sequence. The last bearish candle before this move marks the demand zone - an area where buying pressure overwhelmed sellers. Supply Zones (Bearish) When institutions distribute positions, we typically see a bullish candle followed by a strong bearish sequence. The last bullish candle before this move marks the supply zone - an area where selling pressure overwhelmed buyers. Price has a tendency to revisit these zones, offering potential trade opportunities. █ HOW IT WORKS The indicator scans for: 1. A potential zone candle (bearish for demand, bullish for supply) 2. A sequence of consecutive candles in the opposite direction 3. Optional: A minimum percentage move to filter weak signals When all conditions are met, the zone is marked on your chart with: • Upper and lower boundaries (solid lines) • Equilibrium/midpoint level (cross marker) • Extended channel lines for easy visualization █ SETTINGS Consecutive Candles Required (Default: 5) Number of same-direction candles needed after the zone candle to confirm the pattern. Higher values = fewer but stronger signals. Minimum Move Threshold % (Default: 0.0) Minimum percentage price movement required to validate a zone. Increase this to filter out weak moves and focus on significant institutional activity. Display Full Candle Range (Default: Off) • Off: Shows Open-to-Low for demand zones, Open-to-High for supply zones • On: Shows complete High-to-Low range of the zone candle Show Demand/Supply Zone Channel (Default: On) Toggle extended horizontal lines that project the zone levels across your chart. Visual Theme (Default: Dark) Choose between Dark (white/blue) or Light (green/red) color schemes. Show Statistics Panel (Default: Off) Displays a floating panel with exact price levels of the most recent zones. Display Info Tooltip (Default: Off) Shows an information label with indicator documentation. █ HOW TO USE Entry Strategies 1. Zone Bounce (Mean Reversion) • Wait for price to return to a previously identified zone • Look for rejection candles (pin bars, engulfing patterns) at zone levels • Enter in the direction of the original zone (long at demand, short at supply) • Place stops beyond the zone boundary 2. Zone Break (Momentum) • When price breaks through a zone with strong momentum • The broken zone often becomes the opposite type (broken demand becomes supply) • Use for trend continuation trades 3. Equilibrium Trades • The midpoint (cross marker) often acts as a magnet for price • Can be used as a first target or as an entry point for scaled positions Risk Management • Always place stop-loss orders beyond zone boundaries • Consider the zone width when calculating position size • Wider zones = wider stops = smaller position size • Use the equilibrium level for partial profit taking Best Practices • Higher timeframes produce more reliable zones • Zones on multiple timeframes (confluence) are stronger • Fresh/untested zones are more powerful than zones that have been touched multiple times • Combine with other analysis methods (trend direction, volume, market structure) █ ALERTS Two alert conditions are available: • "Demand Zone Identified" - Triggers when a new demand zone is detected • "Supply Zone Identified" - Triggers when a new supply zone is detected To set up alerts: Click on the indicator name → Add Alert → Select condition █ IMPORTANT NOTES • This indicator is a tool for analysis, not a complete trading system • Signals are NOT automatic buy/sell recommendations • Always use proper risk management • Past performance does not guarantee future results • Works on all markets and timeframes • Non-repainting: Signals appear only after bar close confirmation █ ACKNOWLEDGMENTS Inspired by institutional order flow concepts and smart money trading methodologies. Built with a focus on reliability and practical application.
Индикатор Pine Script®
от A1TradingHub
Daytrading Suite: Neon TPO + FVG v6.1Here is the summary of the code and the trading guide in English. --- ### 1. Code Summary: What does the chart show? The script combines three dimensions of trading into a single chart: * **The Context (TPO / Market Profile - Yesterday):** * **Gold Zone (Center):** Yesterday's **POC (Point of Control)**. This was the "fairest price". It often acts as a magnet. * **White Dashed Lines:** The **VAH (Value Area High)** and **VAL (Value Area Low)**. Yesterday, 70% of all trading volume happened between these lines. This is the area of "Balance". * **The Structure (HTF - 1 Hour+):** * **Red/Green Boxes (Right Edge):** Automatic **Supply & Demand Zones** based on the 1-hour chart (or your setting). They indicate major resistance and support levels. * **The Timing (Entries):** * **Neon FVG Boxes (Small):** "Fair Value Gaps". These represent imbalances in price. If price revisits these, it is often your **entry signal**. * **Lines (VWAP, EMA, PDH/PDL):** Act as dynamic support and trend indicators. --- ### 2. Trading Strategy: How to use it Do not just trade every colored spot. You must combine **Location (TPO)** with **Signal (FVG)**. #### Step A: The Open (Where are we?) In the morning (or at the US Open), check where the price is relative to the **white TPO lines**. 1. **Inside the White Lines (In Balance):** * The market is undecided. Expect ranging/choppy behavior. * **Strategy:** Buy at the bottom edge (VAL), Sell at the top edge (VAH). The target is often the Gold Zone (POC) in the middle. 2. **Outside the White Lines (Imbalance):** * The market is seeking new prices. Danger of a Trend! * **Strategy:** If price breaks above VAH and tests it from above -> **Long**. If it breaks below VAL -> **Short**. #### Step B: The Setup (The High Probability Scenario) Here is the "Rejection" Setup (Long Example): 1. Price drops to the lower white line (**VAL**) or into a green **Demand Zone**. 2. It bounces (shows a wick). 3. In the process, a small **green Neon FVG** is formed. 4. **Entry:** Limit Order at the top of the Neon FVG. 5. **Target:** The Gold Zone (POC) or the upper white line (VAH). 6. **Stop Loss:** Below the recent swing low. #### Step C: Warning Signals (When NOT to trade) * **In "No Man's Land":** If the price is sitting right in the middle between Gold (POC) and White (VAH/VAL), do nothing. The risk is 50/50. Wait until price hits an edge. * **Against the Flow:** If EMA 9 and 21 are pointing steeply downwards, do not buy blindly at the VAL just because the line is there. Wait for confirmation (FVG). ### Pre-Trade Checklist: 1. **Level:** Am I at a white line (VAH/VAL) or the Gold Zone (POC)? 2. **Structure:** Do I have an HTF Demand/Supply Zone backing me up? 3. **Trigger:** Do I see a Neon FVG pointing in my direction?
Индикатор Pine Script®
от socke1986
1
Rocky's Dynamic DikFat Supply & Demand ZonesDynamic Supply & Demand Zones Overview The Dynamic Supply & Demand Zones indicator identifies key supply and demand levels on your chart by detecting pivot highs and lows. It draws customizable boxes around these zones, helping traders visualize areas where price may react. With flexible display options and dynamic box behavior, this tool is designed to assist in identifying potential support and resistance levels for various trading strategies. Key Features Pivot-Based Zones: Automatically detects supply (resistance) and demand (support) zones using pivot highs and lows on the chart’s timeframe. Dynamic Box Sizing: Boxes shrink when price enters them, reflecting reduced zone strength, and stop adjusting once price fully crosses through. Customizable Display: Choose to show current-day boxes, historical boxes, or all boxes, with an option to update past box colors dynamically. Session-Based Extension: Boxes can extend to the current bar or stop at 4:00 PM of the creation day’s 9:30 AM–4:00 PM trading session (ideal for stock markets). Color Coding: Borders change color based on price position: Green for demand zones (price above the box). Red for supply zones (price below the box). White for neutral zones (price inside the box). User-Friendly Inputs: Adjust pivot lookback periods, box visibility, extension behavior, and colors via intuitive input settings. How It Works Zone Detection: The indicator uses pivot highs and lows to define supply and demand zones, plotting boxes between these levels. Box Behavior: Boxes are created when pivot highs and lows are confirmed, with no overlap with the previous box. When price enters a box, it shrinks to reflect interaction, stopping once price exits completely. Boxes can extend to the current bar or end at 4:00 PM of the creation day (or next trading day if created after 4:00 PM or on weekends). Display Options: Current Only: Shows boxes created on the current day. Historical Only: Shows boxes from previous days, with optional color updates. All Boxes: Shows all boxes, with an option to hide historical box color updates. Performance: Limits the number of boxes to 200 to ensure smooth performance, removing older boxes as needed. Inputs Pivot Look Right/Left: Set the number of bars (default: 2) to confirm pivot highs and lows. What Boxes to Show: Select Current Only, Historical Only, or All Boxes (default: Current Only). Boxes On/Off: Toggle box visibility (default: on). Extend Boxes to Current Bar: Choose whether boxes extend to the current bar or stop at 4:00 PM (default: off, stops at 4:00 PM). Update Past Box Colors: Enable/disable color updates for historical boxes (default: on). Demand/Supply/Neutral Box Color: Customize border colors (default: green, red, white). How to Use Add the indicator to your chart. Adjust inputs to match your trading style (e.g., pivot lookback, box extension, colors). Use the boxes to identify potential support (demand) and resistance (supply) zones: Green-bordered boxes (price above) may act as support. Red-bordered boxes (price below) may act as resistance. White-bordered boxes (price inside) indicate active price interaction. Combine with other analysis tools (e.g., trendlines, indicators) to confirm trade setups. Monitor box shrinking to gauge zone strength and watch for breakouts when price fully crosses a box. Understanding Supply and Demand in Stock Trading In stock trading, supply and demand are fundamental forces driving price movements. Demand refers to the willingness of buyers to purchase a stock at a given price, often creating support levels where buying interest prevents further price declines. Supply represents the willingness of sellers to offload a stock, forming resistance levels where selling pressure halts price increases. These zones are critical because they highlight areas where significant buying or selling activity has occurred, influencing future price behavior. The importance of supply and demand lies in their ability to reveal where institutional traders, with large orders, have entered or exited the market. Demand zones, often seen at pivot lows, indicate strong buying interest and potential areas for price reversals or bounces. Supply zones, typically at pivot highs, signal heavy selling and possible reversal points for downward moves. By identifying these zones, traders can anticipate where price is likely to stall, reverse, or break out, enabling better entry and exit decisions. This indicator visualizes these zones as dynamic boxes, making it easier to spot high-probability trading opportunities while emphasizing the core market dynamics of supply and demand. Feedback This indicator is designed to help traders visualize supply and demand zones effectively. If you have suggestions for improvements, please share your feedback in the comments!
Индикатор Pine Script®
от Midgar-
6
RSI based support resistance levelsThis indicator draws support line and resistance lines in the price chart. How ? For drawing the support/resistance line we need to first determine the demand and supply. We are using too-familiar indicator RSI to determine when the script is oversold and overbought. Now oversold (in RSI) is not a point, it’s a zone. The RSI indicator comes below 30, stays there and goes up above 30. Similarly for overbought. Now if you carefully look at the oversold region – the lowest point of the oversold region is the place where the demand came (for surety) and push the indicator (and price) up. Similarly: the highest point of overbought is the place where (for surety) the supply came and push the indicator (and price) down. So that’ the supply / demand line (for surety). In this indicator, based on the RSI we are just drawing support and resistance lines in the chat. That’s all. What is unique ? Trendline concept is not new. RSI is not new. RSI overbought/oversold is not new. There are indicators exist to draw trendlines. Some of them works beautifully. However, none of these, we are aware of, uses RSI to determine it. And, we believe, the most logical way to determine support/resistance is RSI. Note: We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Индикатор Pine Script®
от pradipandsuvra
5
Futures Trade Entry Indicator (MTF)Work in Progress with the help of Claude. Not ready for active trading. Public for help improving. This will be a multi-timeframe futures trading indicator with supply/demand zones, Fair Value Gaps (FVGs), and sophisticated entry/exit logic.I've created a comprehensive Pine Script v6 indicator that matches all your specifications! Here's what the script includes: ## **Key Features Implemented:** ### **🔄 Multi-Timeframe Logic** - **1H Chart Data**: Detects Supply Zones, Demand Zones, and Fair Value Gaps - **Current Timeframe**: Monitors for re-entry and confirmation signals ### **📊 Zone Detection** - **Supply Zones**: Identified using pivot highs with configurable strength - **Demand Zones**: Identified using pivot lows with touch validation - **Fair Value Gaps**: Both bullish and bearish FVGs detected automatically - **Auto-Expiry**: Zones expire after 24 hours (configurable) ### **⚡ Entry Logic** - **Dual Confirmation Required**: - ✅ Engulfing candle pattern (bullish/bearish) - ✅ Market structure shift (HH→LL or LL→HH) - **Zone Re-entry**: Price must be within identified zones/FVGs ### **🎯 Probability System** - **Smart Scoring**: Based on zone age, strength, and risk/reward ratio - **Color-Coded**: Green (High), Yellow (Medium), Red (Low) - **Real-time Calculation**: Updates with each potential entry ### **🎨 Visual Elements** - **Colored Zones**: Supply (red), Demand (green), FVGs (blue/orange) - **Entry Labels**: 🟩 LONG / 🟥 SHORT markers - **Probability Labels**: Display confidence levels - **Confirmation Shapes**: Triangle indicators for pattern completion ### **⚙️ Manual Controls** All the requested toggles are available in the settings panel: - Show/Hide Supply Zones - Show/Hide Demand Zones - Show/Hide FVGs - Show/Hide Labels - Show/Hide Probability - Zone strength and expiry settings - Custom colors for all elements ### **🔔 Alert System** - Entry opportunity alerts - Includes probability assessment - Ticker symbol identification ## **Usage Instructions:** 1. **Apply to 15m chart** for active trading signals 2. **Configure settings** based on your preferences 3. **Set up alerts** for automated notifications 4. **Monitor probability levels** for trade quality assessment The script automatically handles the complex multi-timeframe analysis while keeping the interface clean and user-friendly. All zones update dynamically and expire appropriately to avoid clutter. Would you like me to adjust any specific parameters or add additional features?
Индикатор Pine Script®
от A_warrior
1
Onky's DikFat Supreme Supply and Demand Onky's DikFat Supreme Supply and Demand (DFAT S&D) This indicator identifies and marks potential Demand and Supply zones based on sharp price movements and volume spikes. It is designed to assist traders in recognizing areas where price could potentially reverse or move impulsively, based on the concept of supply and demand. Key Features: - Dynamic Demand and Supply Zones : The indicator uses historical price data and sharp price movements to detect areas where demand or supply may be concentrated. The zones are drawn as boxes on the chart for visual reference. - Volume Spike Detection : The zones are only marked when a volume spike occurs, indicating increased market activity and potentially stronger support or resistance at those levels. - Adjustable Parameters : Traders can adjust the Zone Size to control the lookback period for detecting supply and demand zones, and can fine-tune the Volume Multiplier to control the sensitivity of volume spikes. - Alerts : Alerts are available for both Demand and Supply zones when they are detected, allowing traders to be notified when price enters or reacts to these areas. How Traders Use Supply and Demand Zones: Supply and Demand Theory suggests that prices often move in response to the balance between the amount of supply (selling pressure) and demand (buying pressure) at specific price levels. When demand exceeds supply, prices tend to rise, and when supply exceeds demand, prices tend to fall. 1. Demand Zones : These are areas where price has previously fallen to a low point and buyers have stepped in, pushing prices higher. Traders may view these zones as potential areas for price to reverse upward again. 2. Supply Zones : These are areas where price has risen to a high point and sellers have stepped in, pushing prices lower. Traders may see these zones as potential areas for price to reverse downward again. Traders use these zones to identify potential entry points (for buying in demand zones or selling in supply zones) and exit points (if price reaches these zones in the future). The volume spike further validates the strength of these zones, as it indicates heightened market interest at those levels. This indicator offers a flexible, visual way to identify and act upon these market dynamics. It is neutral and does not guarantee any specific outcomes, but it may assist traders in recognizing important price levels where price action could change. Disclaimer: This indicator is provided for informational purposes only. It is not intended to be trading advice or a recommendation to buy or sell any financial instruments. Trading involves risk, and the use of this tool does not guarantee any specific results or profits. Past performance is not indicative of future results. Users are responsible for their own decisions and should seek independent financial advice before making any investment decisions.
Индикатор Pine Script®
от Midgar-
1