S/D Zones (StevenCharts)

This indicator is designed to automatically identify and plot multi-timeframe (MTF) Supply and Demand (S/D) zones directly onto your active chart. It visualizes key price levels based on market structure pivots, helping traders identify potential areas of support and resistance.

The script's core logic is built around the "S/R Flip" concept: once a level is definitively broken, it often changes its role from support to resistance, or vice-versa.

Key Features
Multi-Timeframe (MTF) Engine: Choose any timeframe (e.g., "15", "60", "240") in the settings, and the indicator will pull S/D zones from that specific timeframe and display them on your current chart. This allows you to monitor higher-timeframe levels while trading on a lower timeframe.

Dynamic Zone Flipping:

When price breaks above a Supply Zone, the zone's timer starts, and it visually "flips" to become a Demand Zone (turning green), representing old resistance acting as new support.

When price breaks below a Demand Zone, its timer starts, and it visually "flips" to become a Supply Zone (turning red), representing old support acting as new resistance.

Automatic Zone Expiration: To keep the chart clean and relevant, zones are automatically removed 96 bars after they have been broken (flipped).

Zone Management: You can control the maximum number of Supply and Demand zones displayed on the chart (from 1 to 5) to focus only on the most recent levels.

Smart Overlap Logic: The script includes logic to prevent drawing new zones that form inside or too close to existing, valid zones, reducing chart clutter.

Customizable Style:

Full control over Supply and Demand zone colors.

Option to toggle zone labels on or off.

How to Use
Add to Chart: Apply the "S/D Zones (StevenCharts)" indicator to your chart.

Set Timeframe: Go to the indicator's Settings. In the "Main Controls" tab, set the "S/D Zone Timeframe" to the higher timeframe you wish to monitor (e.g., "15" for 15-minute zones, "60" for 1-hour zones).

Adjust Quantity: Set the "Max Zones to Display" to your preferred number (e.g., 2 or 3) to focus on the most recent S/D levels.

Analyze:

Look for price to react at the red (Supply) zones, which act as potential resistance.

Look for price to react at the green (Demand) zones, which act as potential support.

Pay close attention when a zone is "flipped," as it signals a clear break in market structure.