Phantom - My Session RangeThis is a modification of a script by RobMinty, "FXN - Asian Session Range" The script provides functionality to track specific trading sessions based on user preference rather than just the market sessions open and close. The idea is to help you hold yourself accountable to your specific trading times as well as backtest various marketing timings suitable to your schedule.
This script utilizes RobMinty's pine code to visualize your market session. We have adjusted the script to project the end of the session before the candles print - as well as adding/subtracting the horizontal and/or vertical lines around the current session box. This should help you understand how much time you have left in your session with a quick visual representation. While we have made some additions and adjustments to RobMinty's script- The inputs and functions of the combined script have not changed significantly from the originals. Like the originals, the code has been made open-source. If this script is reused or modified, please provide credit to RobMinty. If you plan to use this specific code with the ability to remove lines from the box and project session end forward, please credit both of us.
Индикатор зоны предложения
Supply, Demand and Equilibrium Zones, Interactive by DGTSupply, Demand and Equilibrium Zones, Interactive
The law of supply and demand is a theory that explains the interaction between the sellers of an asset and the buyers for that asset. The theory defines the relationship between the price of a given asset and the willingness of traders to either buy or sell it. Generally, as price increases, traders are willing to supply more and demand less and vice versa when the price falls.
Simply said, the higher the price, the lower the quantity demanded, and from the seller's perspective, the higher the price, the higher the quantity supplied
Equilibrium zones are the price levels where both selling and buying trading activity is high, both sellers and buyres are interested at that price levels. More correctly, there is a great deal of activity on both the buy and sell side and the market stays at that price level for a great deal of time. Supply and demand are balanced or in equilibrium
Supply and Demand Shifts may occur when institutional investors step in, a change in both price and quantity demanded from one point to another
This experimental study attempts to presend Supply, Demand and Equilibrium Zones by measuring traded volume at all price levels on the market over a specified time period. Then the result is plotted as horizontal zones on the finacial isntrumnet's chart that highlights supply, demand and equilibrium zones at specific price levels
It is important for supply, demand and equilibrium zones to understand that time is always a dimension on charts. The quantity demanded or supplied, found along the horizontal axis, is always measured in traded volume of the asset over a given time interval. Longer or shorter time intervals can influence the levels of supply, demand and equilibrium zones
The study is made interactive, which requires the users to select two points on the chart, by simply clicking on the chart. In case the user would like to view different range then just dragging the vertical lines will be enough
By increasing/decreasing values for supply and demand zones or equilibrium zones, you will either get the zones enlarged or detect supply and demand shifts or other equilibrium zones
It is adviced to use this study in conjuction with a Volume Profile study, such as Volume-Profile-and-Volume-Indicator , Volume-Profile-Custom-Range , Anchored-Volume-Profile , and Price-Action-Support-Resistance , where volume profiles presents trading activities at specific price levels and Supply and Demand Zones can be treated as Value Area (they are not exact same but similar) for Volume Profiles
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Jimmy's Dikfat DaytraderThis Day Trading Indicator applies the use of multiple techniques designed to maximize profits and trade success probability while utilizing proprietary mathematical techniques to calculate specific high probability Pivot Points, Break of Structure, Supply and Demand, previous days High and Low, Liquidity Hunts, Dynamic Trend Lines and Fibonacci Discount Zones. The combination of these techniques combined with unique mathematical calculation & variance allow the user to make an informed analysis to take high probability trades by exposing Market Maker discount zones and highlight smart money purchasing.
Pivot Points: A traditional pivot point is described as an individual candle high that is higher than the previous two candles to the left and forward two candles to the right. Likewise a pivot is also an individual candle low that is lower than the previous two candles to the left and forward two candles to the right. In this indicator standard pivots are highlighted as yellow and white candles. Yellow candles are High or Top Pivots; White Candles are Low or Bottom Pivots. The number of pivots checked for either left or right or both can be changed in the settings. Increasing this value will add more pivot points to the chart, decreasing this value will add less. It is recommended to change values left and right with the same number.
Note: In this study, all traditional pivots will be highlighted by yellow or white for the advanced user, but not all pivot markers will highlight all pivots for the purposes of identifying a high probability trade.
Break of Structure: Break of structure occurs when current price drops below or likewise rises above a pivot point. For the purposes of this study, a break of structure tag will appear over a previous pivot tag ONLY when there is a candle close below or above the previous pivot for the purposes of identifying liquidity hunts and high probability trades. As you will note in the example chart, break of structure is used to determine not only trend but high probability trade areas by identifying market structure. Unbroken pivot highs or lows can be used to take trades, with a stop below the low (or above the high) of the unbroken pivot candle. BOS (Break of Structure) Tags will effectively show where market participants do not want to take a trade and be chopped up in a market that is trending only 30% of the time. BOS also gives future indication of where the Market Makers are taking price action. Breaks of structure in a particular direction typically indicate a continuation of price action in that direction. Trade opportunities occur after the pullback in the opposite direction of break of structure. This highlights areas traders can take on the pullback, in the direction of structure breaks, typically on unbroken pivots.
Note: In this study, not all BOS (Break of Structure) markers will highlight all breaks of structure for the purposes of identifying a high probability trade. Some very few examples of structure is not marked as broken to assist in identifying Liquidity Hunts.
Liquidity Hunt: A Liquidity Hunt is where price action moves in the opposite direction of an intended move (typically with high magnitude and velocity) to gather "Liquidity" and trigger stops created by traders caught in the break of structure zone. Any unbroken pivot is a relevant area of Liquidity. Some of the High probability areas of Liquidity will be found at Equal (or near equal) Lows or Equal High pivots. Current areas of Liquidity are marked on the chart as an Aqua (Light Blue) Background line that extends right infinitely. Once Liquidity has been taken at one of these lines, the Line will "Break" And stop displaying forward. The number of pivots calculated specifically for break of structure and Liquidity Hunts can be changed under the Liquidity Hunt setting. Much like with pivots, it is recommended to change these numbers with the same value for best results.
Due to the complexity of the math, Some liquidity pivots will only confirm and display a pivot tag after twice the candles defined have been found to the left and right under liquidity hunt settings, and some will display after the exact number specified in settings. As noted previous some will not display at all due to the high probability nature of this indicator and having been found as a "cluster" in the Supply and Demand Boxes.
Supply and Demand Boxes: Supply and Demand boxes will be created when a specific number of pivots are found in succession or in a "cluster" and a box will be drawn from the current grouping of pivots, first pivot high to the nearest pivot low in the cluster. This unique style of supply and demand box drawing has been proven to be an effective identifier of buying and selling in the price action, or likewise support or resistance upon return to these boxes. The boxes were specifically designed to identify high probability areas of Supply and Demand and are more likely to be areas of high probability buying and selling. Supply is when price action moves into or creates an area where sellers are waiting. Demand is when price action moves into or creates an area where Buyers are waiting. When price action creates a box, the box will remain Neutral with a white color while Price action remains within the box. This box will turn Red or into a Supply Box, when price action drops below the box boundaries. The box will likewise turn Green or into a Demand Box, when price action rises above the box boundaries. Any return to a colored box from the direction it was created could be anticipated as a retracement to continue in the direction of price action indicated by the box.
In the settings boxes can be extended to the current bar right to show previous areas of supply and demand, or can be left "Truncated" or in box form as a highlighter for cluster analysis.
Previous Days High and Low: The previous days High and low will be displayed on the current day as a magenta line. Some traders use these lines to anticipate price action on the day compared to where price action is moving relative to the previous day. Historical Magenta lines are also the marked on a specific day, for the previous days High and low. Historical Lines can be turned off by reducing Opacity of the setting to Zero, leaving only the previous days high and low on the current day.
Dynamic Trend Lines: Trend Lines will be created automatically that will connect unbroken pivots and extend right, highlighting the current trend. (Coming Soon™️)
Fibonacci Discount Zone: The Fibonacci Discount Zone can be found by measuring an unbroken pivot High or Low, that breaks structure left to create a new High or Low. When structure is broken and price begins a retracement before moving back in the direction of the broken structure, the retracement is typically back into the "Discount Zone" between the 618 and 786 Fibonacci zone. This zone will be automatically plotted as a light grey box in the background of the chart. (Coming Soon™️)
[UPRIGHT Trading] OrderZones - Supply & Demand (Predictive) (cc)Hello Traders,
This is one that I've been working on a very, Very long time. As easy as it is to draw after the fact, as someone well versed in Supply and Demand; it's a bit more difficult to create all the calculations to show them, code them out, and then I went a step further — attempting to predict future ones as well.
Let's talk about what Supply & Demand Zones are. They are a pattern and technical analysis technique used in day and swing trading. Demand zone represents the area with strongest buying pressure and Supply zone represents selling pressure. Often these zones will show Institutional/Large buyers and sellers executing their orders causing price to move up or down very quickly, creating a long wick on a small and sometimes momentum that feeds into the larger timeframes. Therefore, in the simplest terms, the Supply and Demand Orderzones are the zones the price often gets rejected from or returned to; when Demand exceeds Supply, price jumps up and vice versa.
Unlike lines of support and resistance , these are zones more closely than precise lines, but can help gauge Support and Resistance on the fly.
Richard Wykoff was one of the first market analysts to explain the interaction of these phases, giving them four labels. It is in the understanding of Wyckoff's explanation of market price action, that supply and demand zones are also known as Accumulation and Distribution zones (Accumulation, Markup, Distribution, Markdown).
Shows potential entries on break from zone. Pivots. Large breakdowns or breakouts signalling possible trend change.
Super Fast Real-time Orderzone creation. Resistance line at Supply, shows multiple dimensions of each zone when large enough.
Different calculation, line, transparency settings
Minimalist mode with autobox
Features:
Multiple calculation modes with different lengths and displays.
AutoBox (Predictive Orderzones).
Buy/Sell Highlights.
UPRIGHT – Ultimate Reversals (Support/Resistance version).
Breakouts/Breakdowns + Signals.
Pivot Labels (HH, HL, etc).
Pivot Bar.
Pivot Buy /Sell Signals.
Fully Customizable—Change line types, transparency, colors, etc).
I am still working on the calculations for one more addition, but as it is, this should help anyone automate their S/D technical analysis.
Please see author instructions for access.
Cheers,
Mike
(UPRIGHT Trading)
True Supplies and Demands This indicator automatically helps you find supplies & demands using different detection methods.
Methods for classification:
i) Supply: High/Low; Demand: High/Low
ii) Supply: High/Open; Demand: Low/Open
Also in the indicator settings, you can define whether the indicator should hide the box if at least 1 tick was touched, or the indicator should display this until a complete breakout.
"Virgin" or untouched:
Touched, but not complete breakout:
[blackcat] L3 Supply and Demand Zones MTFLevel: 3
Background
Supply and Demand represent the two most powerful forces of the market. Demand means the number of buyers buying a security in the market. Supply means the number of sellers selling a security in the market. Large supply takes the price to move down and large demand takes the price to move up. Balance in both forces will keep the price in sideways movement. There are two types of states of the price of a security in technical analysis. 1. Balanced state; 2. Unbalanced state. In a balanced state, the price is moving in a range like moving sideways. Simply means forces of buyers and sellers are balanced. Both of them don’t have the ability to create a trend either bearish or bullish trend. After breakout of this sideways (range) movement of price, imbalance in price occur. And after the breakout, the recent range will be called a base zone and the price will again come to this base zone to pick unfilled orders.
Function
This is a composite supply and demand zone indicator, which inlcude:
1. demand and supply zones: yellow color box for demand zone while fuchsia color box for supply zone
2. half-semi log based fibo levels
3. multiple time frame (MTF) manual or automatic setting to see clear trend
4. tendline drawing. Default 610 bars back to draw, you can change it to your preferred value. However, you need to guarantee the existing chart already have equal or more than the number of bars you set or 610 bars.
5. blackcat reveral labels
6. box color to indicate volume information as:
box border color is green --> bullish
box boarder color is red --> bearish
box body color meanings:
a. turquoise or aqua or cyan box body color --> no volume indicaor signal or NA --> no supply and demand signal
b. red box body color --> volume climax up - strong bullish high volume --> demand >> supply
c. white box body color --> volume climax down - strong bearish high volume --> supply >> demand
d. green box body color --> high volume churn - bars with high volume and low range --> suppy and demand is balancing
e. yellow box body color --> low Volume - bar for low volume --> bullish/bearish trend is exhausted, reversal may happen soon --> supply or demand dominance will be changed soon.
f. fuchsia box body color --> volume climax plus high volume churn --> two possibilities: red+green=fuchsia or white+green=fuchsia, so fuchsia is a mixed state --> srong demand with supply attack or strong supply with demand attack.
Remarks
Free but closed sourced.
If the trendline is not drawn but you can see the red resistance and green support dashed lines, please drag the the chart to the left unitl you see the yellow solid trend line appears.
This is the initial version. This will be contineously improved along time.
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.
Supply and Demand Zone IndicatorOVERVIEW
The supply and demand zone indicator shows real-time supply and demand zones on the chart. It also plots a table including the high and low values of the zones. The last row of the table also shows the daily trend in the market.
CONCEPTS
What is Supply & Demand?
Supply and Demand represent the two most powerful forces of the forex market. Demand means the number of buyers buying a security in the market. Supply means the number of sellers selling a security in the market.
How to identify supply and demand zones?
Supply and Demand zones are formed on the base region of price on the chart. There are two types of movement of price in technical analysis.
Impulsive wave
Retracement wave
The impulsive wave represents the price movement of market makers. The Retracement wave indicates base regions where market makers decide their next direction to go up or down.
There are four fundamental concepts of Demand and supply in forex.
Rally Base Rally (RBR)
Rally Base Drop (RBD)
Drop Base Rally (DBR)
Drop Base Drop (DBD)
How does supply & demand indicator work?
Our supply & demand indicator will use a simple formula based on price action to plot the zones. It will plot the zone on the base candles using the high and low of the base zone.
Base candle = a candlestick that has a small body and big shadows like a Doji candlestick.
Big candle = a candlestick with a large body and small shadows.
The zone will be drawn on the high and low of the base candlestick. There can be more than one base candlesticks in the base zone, but our indicator will identify the maximum of 4 base candlesticks.
FEATURES
Specify desired Big Body Candle Size Percentage
Specify desired Small Body Candle Size Percentage
Change the Colors of Zones at your own will
The Indicator Draws the latest zones and puts a label on historical Zones
The Indicator Draws real-time Zones under specified conditions of candle body sizes. The Zone will stop once the candlestick closes above the supply zone or below demand zones.
Recommended Timeframe
Above 30 Minutes
Supply & Demand / Orderblocks - Multi TimeFrame (@JP7FX)This should easily find the clear BUY to SELL / SELL to BUY candles with imbalance created.
There are options to change the Supply and Demand / OrderBlock CREATION based off the OPEN or WICK imbalance and also the option to DRAW the zones from the OPEN or the WICK.
Will also draw HTF zones with options to change the colour of zones when price has mitigated these areas, zones will be deleted once price has passed through.
Each Zone has the 50% line drawn and will delete when Price has reached - maybe useful for traders who look for 50% mitigation of areas.
When using HTF zones (max of 2) a Timeframe display will show for that zone.
There are many options to change colours and lines etc to suit the layout you prefer.
The zones that are created are not to trade from without additional analysis its simply to help draw strong zones.
Hope this provide some help and Trade Safe :)
MarketReader_StrategyMarketReader_Strategy is a very useful and advanced indicator:
- It draws buying (green) and selling (orange) zone .
-Once the buying or selling zone is tapped, the color is automatically changed to grey
-It shows liquidity pool ($$$) engineered by market behaviour
Buying or selling area are determined by an algorithm that combines volume profile, Elliott Wave principles and order flow delivery .
On the above example:
At “1” , you can see that the first buying zone is drawn since January 12
At “2” , the buying zone is tapped on January 18 with a strong bullish reaction.
At “3” and “3’” , you can see that liquidity pool has been created by market maker on both buying and selling side. It is typical of market behavior.
Market maker will take the downside liquidity by targeting the buying zone and then reverse (to the upside) targeting the upside liquidity pool that fuel the pump to the selling zone “4” . This selling zone is reached at “5” with a strong bearish reaction.
“6” represent active buying zone, waiting to be tapped.
To buy or take profit on these areas will depend on market behavior on the way down. Does the market engineer liquidity before? We use 2 complementary indicators helping us to take position on these areas but feel free to experiment with your own.
Usually, I wait price comes to selling or buying zone, then I go on lower timeframe (15 to 30 times lower) searching for divergences and convergences on Momemtum reader (also available on tradingview)
This indicator does not repaint and works on Forex, Crypto, Indices, Commodities and stock.
Demand & Supply Zones [eyes20xx]Demand & Supply Zones
This indicator helps to identify large moves driven by institutions.
What qualifies as a zone?
If the price moves (open to close) by more than a certain % in one candle or in a bullish / bearish run of candles, the zone is marked as a Demand or Supply zone .
0.8% is good for Crypto and Forex might be better with 0.4%. Play around with the % to match your requirements.
Active zones
A zone remains active until it is hit by the price. When it becomes inactive, the zone background becomes transparent.
Zone lines
Lines are displayed if the zone is active and within a certain % of the close. 3% is a good setting for Crypto.
A maximum of two lines are displayed for each zone type.
Volume-based Support & Resistance ZonesThe new and improved Support & Resistance Zones indicator is here. This indicator is based on high volume at fractal lows or fractal highs with the zones based on the size of the wick for that timeframe’s candle.
This helps traders visualize which price levels are of the most significance for either reversals or continuation of the trend when zones are broken and then re-tested.
Original script is thanks to synapticex and additional modifications is thanks to Lij_MC. Credit to both of them for most of the logic behind this script.
Since then I have made many changes to this script as noted below:
Changed default S/R lines from plots to lines, and gave option to user to change between solid line, dashed line, or dotted line for both S/R lines.
Added additional time frame and gave more TF options for TF1 other than current TF. Now you will have 4 time frames to plot S/R zones from.
Gave user option to easily change line thickness for all S/R lines.
Made it easier to change colors of S/R lines and zones by consolidating the options under settings (rather than under style).
Added extensions to active SR Zones to extend all the way right.
Added option to extend or not extend the previous S/R zones up to next S/R zone.
Added optional time frame labels to active S/R zones, with left and right options as well as option to adjust how far to the right label is set.
Fixed issue where the higher time frame S/R zone was not properly starting from the high/low of fractal. Now any higher time frame S/R will begin exactly at the High/Low points. Note that this may not work perfectly on stocks and if a fractal high/low is too many bars in the past, it will revert to a default max bars back to avoid script errors.
Added to script a function that will prevent S/R zones from lower time frames displaying while on a higher time frame. This helps clean up the chart quite a bit.
Created arrays for each time frame's boxes and lines so that the number of S/R zones can be controlled for each time frame and limit memory consumption.
New alert options added and customized alert messages.
- The way this indicator works is it looks for fractal highs or fractal lows with volume that pierces above the volume's Moving Average. This moving average value can be modified in the settings for each time frame.
- The fractal highs will be confirmed with 3 successive higher highs followed by 2 successive lower highs and vice versa for the fractal lows.
- The zone is created from the fractal high/low and the close of the candle for whatever time frame you selected. The bigger the zone, the more significant that zone is.
- You can disable any zone, change the zones to show lines only, and modify all the colors, transparencies, and thickness of lines for all the zones.
- To create alerts, you first want to enable the types of alerts you want for each time frame in the indicator's settings. Then after you apply changes, right click on one of the zones on the chart, and click "Add Alert on Vol S/R Zones". You do not need to add a title as the correct alert messages are already built-in.
- More changes will be coming in the future!
I hope you find this indicator useful, if so please give it a thumbs up!
If you have any suggestions or features you would like to see, just let me know in the comment section. Thanks and enjoy!
SSR - Stablecoin Supply Ratio - Bitcoin - CryptocurrencyThe Stablecoin Supply Ratio (SSR) is the ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC.
When the SSR is low, the current stablecoin supply has more "buying power" to purchase BTC. It serves as a proxy for the supply/demand mechanics between BTC and USD.
Divina - Support and ResistanceGiven the positive feedback received on the first Dynamic Support/Resistance script, I've decided to rewrite it on Pine Script v5 and publish it with open source code.
The main Divina area (box) is derived from change in price and volume, while the other support and resistance levels are based on the golden ratio (Divina proportione) or Fibonacci numbers.
The box will start to paint if the previous closed bar satisfy a condition and it will be never be repainted in the future. Anyway the box and the levels will be extended until a new signal is detected.
The Divina Support and Resistance will help you to find good price zones on wich the market might take trading decision. It is not a strategy by per se, it should be used with other good trading techniques.
Auto Price Action - Multi Time Frame [Mehrok]Auto Price Action - Volume Price and Spread - Multi Time Frame
Volume Price and Spread script generates important support and resistance levels basis activity happening in price, volume and candle spread. The basic idea has been taken from concepts of VSA which underlies that weakness appears in uptrend and strength in downtrend. Script will try to find candles which have volume higher then average and candle spread.
Underlying logic:
Script generates significant high's as resistance and lows as support basis activity happened on volume , price and candle spread. Multi Time Frame gives ability to find strong support and resistance levels on higher time frames and display on lower time frame chart.
Usage:
As it records and maintain important high and lows happening on candles till the time new levels are generated therefore generated price levels act as significant support or resistance. Higher the activity in volume , price and spread stronger that price level would act as support or resistance in future.
Script work on all time frame where volume information is available. In absence of volume information script would only generate optional levels and that too if activated.
3rd WaveHello All,
In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can check its volume and compare with the volumes of the waves 1 and 2 optionally.
Pine Team released Pine version 5! This script was developed in v5 and it uses Library feature of Pine v5 for the zigzag functions. This script is also an example for the Pine developers who learn Pine v5 and Libraries.
Options:
Zigzag Period: is the length that is used to calculate highest/lowest and the zigzag waves
Min/Max Retracements: is the retracement rates to check the wave 2 according to wave 1. for example; if min/max values are 0.500-0.618 then wave 2 must be minimum 0.500 of wave 1 and maximum 0.618 of wave 1.
Check Volume Support: is an option to compare the volumes of1. 2. and . waves. if you enable this option then the script checks their volume and 3rd wave volume must be greater then 1 and 2
there are 4 options for the targets. you can enable/disable and change their levels. targets are calculated using length of wave 1.
Options to show breakout zone, zigzag, wave 1 and 2.
and some options for the colors.
The Library that is used in this script:
P.S. This is an experimental work and can be improved. So do not hesitate to drop your comments under the script ;)
Enjoy!
Supply and DemandOur Indicator “Supply and Demand” offers an insight into the structure of any given Instrument applied to. Understanding Supply and Demand is essential for using this Indicator. If you are familiar with the concept, then you will most likely find this indicator useful in your trading. If you are unfamiliar with the concept and are interested then continue reading a “Brief Concept of Supply and Demand” at the end of the description, where we will provide some informational Links.
This description will provide a High Level description of how our Indicator identifies and visualizes Supply and Demand, followed by how to use the Indicator in your trading. At the end we would like to introduce our team and experience.
High Level Description of “Supply and Demand”:
Our indicator searches for price zones where the current Instrument has experienced a significant liquidity imbalance in the recent relative past. Our indicator uses a Multi timeframe approach to identify these areas. These Zones will be referred to as “Active Zones” from now on.
When Price exceeds the outer boundary of the Active Zones, then this Supply or Demand Zone will be identified as “Expired”, and the zone is no longer in play. These Zones will be referred to as “Expired Zones” from now on.
Visualisation:
What do the Boxes mean:
Our Indicator visualises active Supply and Demand Zones. Supply zones are red and Demand Zones are green. Furthermore, our indicator shows a brief history of Expired Supply and Demand Zones. These Zones have the same color as the active Supply and Demand Zones, just with a higher color transparency so that you can distinguish between active and Expired Zones.
The boxes start at the time where the supply/demand has occurred historically, providing a simple method to review the Market reaction to the historic supply/demand event.
History:
Due to the high calculation effort, the history is limited to 20 Zones in total. All zones prior to that will not be displayed.
Important:
All Zones will not be repainted. That being said, once our indicator has started displaying a Zone, then it will be visible until it exceeds the 20 Zone history limit and “falls of” the chart.
How to use it:
Approaching an Active Supply/Demand Zone:
When price is approaching or entering an active Supply/Demand Zone, look for reversal patterns you are familiar with. It is important that you have a tested method behind your entry and exit strategy. Please note, that the indicator itself just presents price areas where there is a potential for a price reversal, and that these levels should not be traded blindly.
Expired Supply/Demand Zones:
Expired Supply and Demand Zones are mainly just to provide a small History of Supply and Demand Zones to you. There are more advanced concepts for also using Expired Supply and Demand Zones in your Trading, but this is not the focus of this Indicator.
Time frame:
This indicator is programmed to be used on all Timeframes.
Instruments:
This indicator aims to visualize areas of where Market price has the potential to reversal, hence this is a mean reverting Indicator.
Taking this statement to account, it is recommended to apply this Indicator to Instruments with a mean reverting character.
Examples of mean reverting markets could be for example …
...all FOREX instruments, as FOREX is considered a mean reverting Market.
...an instrument that is in a consolidation, or which you are expecting to enter a period of consolidation.
Indicator settings and configuration:
The Indicator has no functional parameters, to reduce User error, and only has visual parameters. The color of the Supply and Demand Zones can be tailored to your liking.
Brief concept of Supply and Demand:
Supply and Demand is a concept that has been around for a very long time. Following links are helpful to get a grasp of the concept:
en.wikipedia.org www.investopedia.com
www.investopedia.com
Our Team:
We are a team of 3 Traders with a combined experience of 40 years. We are using our experiences from the market to create Indicators to Visualize the most relevant Patterns to us in our trading today. Our goal is to reconstruct these patterns to match our understanding of the market and to simplify the process of creating reproducible trading Strategies.
Price ActionFirst, you have to know price action, RTM price action Handbook could help you
this indicator shows you base and momentum candles
base candles could be zones of trade that show you fighting of bulls and bears, and momentum candles could show the power of those zones.
Base candles are white in the chart, and you can place your order at the good zone.
Rally candles and drop candles are momentum candles, and bold rally and bold drop show that it is more powerful than its before candle.
Zigzag compression is one way that shows the compression in trend.
it looks like the Wedges pattern at classic technical that shows pending orders are closed, so the target zone could be powerful to reverse the trend.
Black background of candle means that candle doesn't reach its before candle and so it is poor candle, I named it domination.
It is better to do not trade at poor candles.
At the end, I find Price action the best way to trade, and it makes you free of other indicator, even volume indicator.
This indicator is good for those who use price action strategy to trade and those who want to learn the price action.
It could be so helpful and reliable way to find the zones, and place buy or sell order and the target, specially for scalping.
TradingWise Supply and Demand Indicator 1.0TradingWise Supply and Demand Indicator 1.0 is based on the Price Action candlestick patterns to identify the Supply and Demand zones in the charts (Areas of liquidity). It works on all Timeframes and Asset Classes. This Script helps the traders to identify the demand and supply zones with identifications on the candle stick patterns indicating the origin of the Strong move. Also it generates Alerts automatically once the supply or demand area is formed thus by reducing the hours spent on the charts and reducing the missed trade Opportunities as well. This Indicator is extremely helpful for those on Full time Jobs/ Busy Schedule.
Buy/Sell Alerts by Indicator:
Green Diamond + DZ Sign ---> Indicates the Demand Zone Formation. Place Buy Trade upon Entry Criteria Met
Orange Diamond + SZ Sign ---> Indicates the Supply Zone Formation. Place Sell Trade upon Entry Criteria Met
Volume Profile / Fixed RangeHello All,
This script calculates and shows Volume Profile for the fixed range . Recently we have box.new() feature in Pine Language and it's used in this script as an example. Thanks to Pine Team and Tradingview!..
Sell/Buy volumes are calculated approximately!.
Options:
"Number of Bars" : Number of the bars that volume profile will be calculated/shown
"Row Size" : Number of the Rows
"Value Area Volume % " : the percent for Value Area
and there are other options for coloring and POC line style
Enjoy!
Cup FinderHello All,
This script finds the Cups and you can use it while analysing the symbols. it creates circle and channel for the potential Cups and checks the number of bars included by the channel, if included bars is equal or greater than the value you set then it shows the cup.
The Options:
"Number for Bars to search" : Maximum length of a Cup
"Channel Width of the Cup" : Tate by the channel width of highest/lowest levels in last 300 bars, by default it's 5%
"Check for Breakout" : if there is Cup then it checks Close or High/Low is used a source for breaokuts, usuful while cheking historical bars
"Contained Bar Rate %" : after channel is created the script checks number of bars included by the channel of the Cup, you can set rate of included bars by this option
"S how Channels of Cups ": if you enable this option then you can see the channels around the Cups and set it as you wish
and there are some other options for labeling/removing old Cups and for coloring
Here you can see how channel looks like:
Cup with different colors:
P.S. This is an experimental work and sorry for no explanation in the script.
in the future if I have time I will try to write a script for Cup&Handle
This script is also an example to calculate and draw circles :)
Enjoy!
Nirvana Supply Demand V2.0This is an indicator of supply and demand ,It can provide the reference of supply and demand position for traders.
First of all, I need to explain the components of the indicators in detail.
💖==========================================💖
Components of supply and demand zone:
DBD:means Drop Base Drop
RBR:means Rally Base Rally
DBR:means Drop Base Rally
RBD:means Rally Base Drop
💖==========================================💖
Supply zone = DBD and RBD
Deamdn zone = RBR and DBR
💖==========================================💖
DBD = Sell
RBD = Sell
DBR = Buy
RBR = Buy
💖=====================================================================💖
Static K-line zone =Yellow
Dynamic Red K-line =Fall
Dynamic Green K-line = Bullish
Green + Yellow + Green Candle K = RBR = Demand = Buy
Green + Yellow + Red Candle K = RBD = Supply = Sell
Red + Yellow + Red Candle K = DBD = Supply = Sell
Red + Yellow + Green Candle K = DBR = Demand = Buy
Yellow + Red Candle K = Supply =Sell
Yellow + Green + Candle K = Demand Buy
Application part：
Demand
The green rectangular area that has not been touched is the demand area. It is suggested to buy on the upper edge of the green area and stop at the lower edge of the green area
The light green rectangular interval is the demand area that has been traded. They are the confirmed demand area and also belong to the bullish demand area.
Supply
The red rectangular section is the supply area, which belongs to the fresh supply area. It is recommended to sell in the supply area
The light red area is the supply area that has been sold, and also belongs to the confirmed supply area. It's bearish.
💖=====================================================================💖
Only after closing can we know whether it constitutes a supply and demand zone
The upward trend only trades in the demand area
The downward trend trades only in the supply area
💖=====================================================================💖
Transaction method:
Sold on the bottom edge of a red or reddish rectangle. Break through the rectangular stop loss.
Buy on the top edge of a green or light green rectangle and exit with a stop loss below the rectangle.
中文介绍：
这是一个供求关系的指标，可以为交易者提供供求状况的参考。
这个指标是一个升级过后的版本，在TV已经支持通过指标绘制矩形之后市场上出现了很多的指标，但我想我们的供需指标是市场上为数不多的供需指标，非常有实战意义。
黄色+红色K线组合为供给区平跌组合，属于看跌。通常这种形态是需要确认入场的，就是价格在进入这个区域之后止涨才可以卖出。
绿色+黄色+红色K线组合为供给区涨平跌，属于看跌。通常管中形态是出现在反转的拐点位置才有操作意义，或者是叠加的供给区位置才能提高卖出成功率。
红色+黄色+红色K线组合为供给区跌平跌，属于看跌区域，通常市场上的反转都是由涨平跌+跌平跌完成的，跌平跌在高位或中位的才有操作价格，低位的成功率略人低
黄色+绿色K线组合为需求区平涨，属于看涨。通常这种形态是需要确认入场的，就是价格在进入这个区域之后止跌才可以买入。
红色+黄色+绿色K线组合为跌平涨需求区，属于看涨，通常这种形态在低位拐点位置交易盈亏比才能达到最好。因为它位都是发生在反转的时候。
绿色+黄色+绿色K线组合为涨平涨需求区，属于看涨，通常和中形态是在出现跌平涨之后才会出现，由空头向多头转变也是需要完成跌平涨+涨平涨才能实现，当然V反的情况下除外。
注意事项：
太大的供需区请不要交易，因为止损可能会超过你的风险承受范围。
太小的供需区请不要交易，因为他里面的订单可能会非常少。
离开供需区的K线我们称为出线，出线就是大阳线或大阴线，属于实体非常饱满，供需区的胜率取决于出线的实体饱满程度，实体越饱满交易成功率越高，当然它不是绝对值。
指标若是有什么BUG或者是建议也请广大粉丝留言评论。
Breakout FinderHelo All,
I got many requests for a Breakout script and here it's. This script searches the breakouts/breakdowns and draw square if there is one.
The options:
"Period" is used to find Pivot Points
"Max Breakout Length" is the maximum length to search breakouts
"Threshold Rate %" is channel width of the breakout area. calculated using highest/lowest of last 300 bars.
"Minimum Number of Tests" is the minimum number of tests that the Price tried to break the S/R level
and some options for coloring and linestyle
Lets see some examples:
in this example "Minimum Number of Tests" is 2 so the Price must have tested to break resistance area 2 times and then it breaks it as seen in the screenshot:
in following example Threshold rate is %10, so the channel width is very big:
as you can see in followinf screenshot you can choose different colors and line styles:
Alerts added ;)
Enjoy!
