Demand and Supply zone Indicator

昨天

The Demand & Supply Zones Indicator highlights key areas where significant buy or sell orders are concentrated, often leading to price reversals or continuations. Understanding these zones empowers traders to make informed trading decisions.

Key Features:
Dynamic Zone Identification: Automatically identifies and plots demand (buying) and supply (selling) zones based on price action. Recognizes key patterns such as Rally-Base-Rally and Drop-Base-Rally.

Customizable Zones: Users can enable or disable specific zones, customize their colors, and extend zones for a specified number of bars to suit their trading style.

Text Display & Customization: Displays key details, including timeframes and high/low levels within each zone, with options to adjust text size and alignment for better visibility.

Sensitivity & Strength Adjustment: Fine-tune zone creation by adjusting sensitivity settings, utilizing the Average True Range (ATR) to account for market volatility.

Forming Zones: Identifies potential zones using unconfirmed candles, allowing traders to anticipate market moves before they fully develop.

Multi-Timeframe Support: Adapts dynamically across various timeframes (1m, 5m, 1h, daily), plotting zones from multiple timeframes for comprehensive analysis.

Automated Zone Removal: Automatically removes broken zones when price breaches them, maintaining a clean and relevant chart.

High/Low Zone Display: Highlights the high and low values of zones for easy tracking of price action within these critical areas.

Benefits:
Identifies Potential Reversal Points: Helps traders spot key areas where price may change direction.
Enhances Risk Management: Provides clear stop-loss areas, aiding in effective risk management strategies.
Integration Support: Works seamlessly with other indicators for deeper analysis and enhanced trading strategies.
Alert Functionality: Alerts works alongside a screener to notify traders when prices enter demand or supply zones across multiple stocks. Please check the Screener published along with this indicator to enable alerts

This indicator simplifies the process of identifying imbalances in supply and demand, making it an essential tool for timing entries and exits in the market.


Access the Indicator
To gain access to the Demand & Supply Zones Indicator, please contact us via the following Telegram link: https://t.me/jstrading1406
Whatsapp : [phone]