Demand and Supply zone Master Indicator
The indicator is fully customizable as per your trading style.
What does the Indicator do ?
Normal = Aggressive Trader
Strong = Conservative Trader
V Strong = V Conservative Trader
Based on Trading style one can choose the option available. Default gives the best result.
1. Explosive candle Range : One can choose explosive candle range.
2. Basing Candle Range : One Can Choose Basing candle range.
3. Normal Candle Range : One can choose the normal candle range.
4. Legout Strength : One can customize the Legout Strength.
5. Demand and Supply zone version :
High - Low = Most traders use the high and low of the basing for calculating their zone.
Body - Low = Body (Base candle body high for demand zone and Body low for supply zone ). Normally beginner ( Conservative trader ) uses this option.
Continuous base = 1 to 10 : Based on the requirement one can use the number of basing candle.
max normal = 2 to 10 : Based on the requirement one can use the number of normal candle.
min normal = 1 to 10 : Min one to form the zone.
Line width = 1 to 5
MaxTouches = One can set the number of times the price visits the zone. 1 for Conservative trader and 3 for aggressive trader. Once the price touches the zone more than the given input, lines get deleted. Also if the price is grater that the zone value, line deletes.
Bar Lookback = How many bars to look back to check the strength of the candle. Default gives the best result.
Max Demand and Supply zones and Show all active Demand and Supply zones = One can visually see played out ( violated ) zones by unticking the Active zones option.
Otherwise indicator will show only the Active zones.
One can see max of 100 violated zones.
PM us to obtain the access.
- Now color of the zone lines can be changed.
- Other enhancement.
Now one can get the alert when the price touches the previously created active demand or supply zone.
- Creating alert : In indicator setting keep the tick mark of "createAlerts_WhenInZone" option.
Click on the more option on Dz and Sz indicator and click add alert. 1st option.
In Condition use "Any Alert Function Call" and use desired alert actions and hit create.
With this Whenever price touches the previously created active Demand or Supply zone, Creates the alert.
If you want alert to have only one time then use " MaxTouches" option as 1. You will receive alert till the Demand or Supply Zone is active.
Now Alert function will give the price information.
Users can get the alert when price is near to supply or demand zone.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact SupplyIsInDemand directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact SupplyIsInDemand directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.