Engulfing Detector (Supply and Demand) — Indicator by BitcoinJesus-Not-Roger-Ver

Bullish and bearish engulfing candles marked with horizontal lines around engulfed candle. Currently looks a max of 2000 bars back.

This indicator can be used to assist in locating potential supply and demand zones.

The fresh zones will be of green and red line colors and the tested zone lines are grey in color.

Release Notes:

Lowered the amount of bars included in the study to 500 to try and resolve some errors.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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