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Demand Supply Indicator With Alerts

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The Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them.

The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally, when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or Drop-Base-Drop the indicator marks it as Supply Zone. The basing candles are changed to Blue color and the Legout candles are changed to Black color by default.

Using the Demand Supply Zone Indicator with Alerts you can also set Alerts on your favourite scripts and timeframes, to get notification when Demand Supply Zones are formed.

List of all the features is provided below.

1. You can choose which patterns the indicator should identify.
2. Number of candles in basing from 1 to 6.
3. Strength of the legout.
4. Identify follow-through patterns.
5. Hide Single Legout patterns.
6. Strength of the first legout in follow through pattern.
7. Strength of the second legout in the follow through pattern.
8. Customize Basing Color
9. Customize Legout Color
10. Display Pattern Name
11. Display Proximal and Distal Values
12. Color customization for Demand Supply Zone Labels
13. Set Alerts based on Demand Supply Zone formation

To set Alerts follow the steps provided below.

1. Go to the symbol chart and select the timeframe on which you want to set Alerts.
2. Select Alerts Tab and click on Create Alert, shortcut key Alt+A
3. In Condition Select, Demand Supply Indicator With Alerts
4. In Options, select Once Per Bar Close
5. Select expiry as per your preference or keep it open-ended
6. Select Alerts Actions as per your preference
7. Alert name is optional
8. Default message is “Zone Alert” and can be modified
9. Click on Create and in the warning window select Continue Anyway

Once you have active alert, you will keep getting notification whenever a Demand/Supply zone in identified on the symbol and time frame you selected.

Use the link below to obtain access to this indicator.

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Changed default options.

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Version 3
Automatically draws the Demand and Supply zones

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Bug Fix

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Option added to change the Proximal Distal Line Width

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New In Version 4

1. Option to use the indicator for multiple timeframe analysis.
2. Customize Proximal Distal Line Width
3. Customize Legout color based on Drop or Rally

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This update adds cosmetic changes to the indicator. You can now customize the color of

1. Fresh Demand Zone Border
2. Fresh Supply Zone Border
3. Tested Demand Zone Border
4. Tested Supply Zone Border
5. Fresh Demand Zone Fill Color
6. Fresh Supply Zone Fill Color
7. Tested Demand Zone Fill Color
8. Tested Supply Zone Fill Color

You can also customize the zone border width.

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Code enhancement

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Bug Fix - If the indicator is already applied to your chart please remove it and add it again. If the indicator name starts with 4.2.1, you have the latest version.

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Bug fix

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Code optimization

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Code optimization.

New feature to show current settings on the chart top right corner.

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Code optimization and grouped options in indicator settings.

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Code Optimization

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Version 4.2.5
Code optimized and a bug fix.

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Features Added in Version 5.0
1. Automated Curve Analysis.
2. Automated Zone Violations (recent 2 zones)

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Curve analysis will not give error even if the zones are far back in history.

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The following 2 new features have been added
1. Option to mark the zone using WickToWick or BodyToWick method.
2. Option to display Proximal and Distal values inside the zone.

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Changelog: