INVITE-ONLY SCRIPT
ZZ Range
Happy Trading!
This is a real-time range detection indicator. Based on previous supply and demand levels, it classifies each new bar as Up, Down, or Range.
New supply and demand levels are typically detected within two bars. The indicator can be used as a filter and supports indicator-on-indicator functionality.
1. Concept
Based on a variation of the Bilson-Gann Algorithm, this indicator calculates local supply and demand levels and determines whether the current price is:
Less significant supply and demand levels are filtered out using a user-adjustable intensity setting.
2. Usage and Settings Menu
There are four settings available:
Indicator Timeframe – Display results from higher timeframes on the lower timeframe chart.
Range Detection Rule – Choose whether a bar must be fully inside supply and demand zones to be considered ranging, or if touching the zone is sufficient.
Bar Structure Basis – Select whether wicks or bodies of bars are used to calculate supply and demand levels.
Rule to set S&D – Choose among three rules defining how often new supply and demand levels are calculated. Each rule adjusts the sensitivity and responsiveness of detection.
Alert Signals Available:
3. Declaration for TradingView House Rules on Script Publishing
The unique feature of ZZ Range is its real-time range detection capability.
This script is closed-source and invite-only, to support and compensate for months of development work.
4. Disclaimer
Trading involves risk, and losses can and do occur. This script is intended for informational and educational purposes only. All examples are hypothetical and not financial advice.
Decisions to buy, sell, hold, or trade securities, commodities, or other assets should be based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Use this script at your own risk. It may contain bugs, and I cannot be held responsible for any financial losses resulting from its use.
Cheers!
This is a real-time range detection indicator. Based on previous supply and demand levels, it classifies each new bar as Up, Down, or Range.
New supply and demand levels are typically detected within two bars. The indicator can be used as a filter and supports indicator-on-indicator functionality.
- Intro
- Concept
- Usage and Settings Menu
- Declaration for TradingView House Rules on Script Publishing
- Disclaimer
1. Concept
Based on a variation of the Bilson-Gann Algorithm, this indicator calculates local supply and demand levels and determines whether the current price is:
Between those levels → Ranging
Above → Uptrending
Below → Downtrending
Less significant supply and demand levels are filtered out using a user-adjustable intensity setting.
2. Usage and Settings Menu
There are four settings available:
Indicator Timeframe – Display results from higher timeframes on the lower timeframe chart.
Range Detection Rule – Choose whether a bar must be fully inside supply and demand zones to be considered ranging, or if touching the zone is sufficient.
Bar Structure Basis – Select whether wicks or bodies of bars are used to calculate supply and demand levels.
Rule to set S&D – Choose among three rules defining how often new supply and demand levels are calculated. Each rule adjusts the sensitivity and responsiveness of detection.
Alert Signals Available:
Trend Signal 1 = Uptrend, 0 = Ranging, -1 = Downtrend
last supply Level
last demand Level
3. Declaration for TradingView House Rules on Script Publishing
The unique feature of ZZ Range is its real-time range detection capability.
This script is closed-source and invite-only, to support and compensate for months of development work.
4. Disclaimer
Trading involves risk, and losses can and do occur. This script is intended for informational and educational purposes only. All examples are hypothetical and not financial advice.
Decisions to buy, sell, hold, or trade securities, commodities, or other assets should be based on the advice of qualified financial professionals. Past performance does not guarantee future results.
Use this script at your own risk. It may contain bugs, and I cannot be held responsible for any financial losses resulting from its use.
Cheers!
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡BerlinCode42。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
You can get access to this Script for 10$ per month or 100$ per year. Just write me a message here on TradingView. Free trials possible.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者批准的使用者才能訪問此腳本。您需要申請並獲得使用權限。該權限通常在付款後授予。如欲了解更多詳情，請依照以下作者的說明操作，或直接聯絡BerlinCode42。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
You can get access to this Script for 10$ per month or 100$ per year. Just write me a message here on TradingView. Free trials possible.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。