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Supply and Demand

905
Indicator Description: Precise Supply & Demand Zones with Fibonacci Adjustment

Overview:
This TradingView indicator is based on an innovative method for identifying Supply & Demand (S&D) zones. Unlike traditional methods that highlight broad areas, making precise trading difficult, this indicator allows for more accurate determination of key price levels. It combines classic S&D analysis with Fibonacci adjustments to identify institutional order blocks and probable turning points.

Functionality:

Identification of S&D Zones:

The indicator automatically detects key areas where major market participants ("Smart Money") have placed significant orders, causing strong price movements.

These areas represent untested orders that could be revisited in the future.

Supply zones indicate selling areas, while demand zones define buying areas.

Consideration of Candle Structure:

The number of candles within the consolidation phase influences the strength of a zone: the more candles present, the more significant the area.

Higher timeframes (e.g., 5D, 1W, 1M) provide more robust and reliable S&D zones as they reflect institutional activity.

All relevant levels are visible within a single timeframe, eliminating the need to switch between multiple timeframes.

Fibonacci Integration for Precision:

Instead of traditionally applying the Fibonacci retracement tool between swing highs and lows, it is unconventionally used here: from the open to the close of the candle preceding the impulse move.

This calculates an "Equilibrium Point" within the zone, serving as an optimal entry level.

Visual Representation:

The indicator highlights detected supply and demand zones with distinct colors.

A thin line marks the precise equilibrium point within the zone.

Particularly strong zones with a high probability of reaction are marked more intensely.

Important Notes:

The indicator is not a "holy grail" and is not a 100% foolproof method.

S&D zones are probabilistic and can fail despite all confluence factors.

It provides a solid, backtested strategy for identifying trading areas with high accuracy and efficiency.

Additional Features:

Customizable timeframes and sensitivity parameters

Option to mark historical S&D zones

Support for various asset classes (Crypto, Forex, Stocks)

Customizeable Deviation

Merging levels

This indicator is a valuable tool for traders looking to develop precise entry and exit strategies based on institutional order blocks.
發行說明
BUG-Fix
  • Correct labeling Supply and Demands
  • Add minor step to configure label merge threshold
發行說明
FIX
  • dont show high mitigated S&D
發行說明
FEATURE
  • Add min percentage value for engulfing candle
發行說明
OTHER
  • Set default value of min bb size to 0
發行說明
BUG-FIX
  • Lables sometimes not shown correctly if merged
發行說明
Change option of merge threshold to 0.3 as default
發行說明
FEATURE
  • Shorten the name of the Hidden Liquidity level for more readablility
發行說明
- Remove descriptions in label
發行說明
FEATURE
- change default settings
發行說明
Feature
  • Implemented Supply and Demand Ranges
發行說明
Feature
  • Implement setting linestyle for a solid line

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