OPEN-SOURCE SCRIPT
Trend Dashboard & Supply Demand
Trend Dashboard & Supply Demand [TomGoodCar for Education]
This indicator is a comprehensive trend analysis and price action study tool designed for traders who value a clean interface and data-driven insights. It combines momentum tracking, trend identification, and structural analysis into a single visual suite.
Key Features:
Triple EMA System: Features three Exponential Moving Averages (Fast, Mid, Slow) to help traders identify trend alignment and potential dynamic support/resistance levels.
Smart Supply/Demand Zones: Automatically projects the latest Demand/Supply zones based on ATR (Average True Range) volatility. To maintain a clean chart, old zones are automatically removed when new signals appear.
Professional Dashboard: A real-time monitor displaying Market Status (Bullish/Bearish), RSI Momentum, Volatility (ATR), and suggested Trade Bias.
Optimized Visuals: Designed for maximum scannability, ensuring zones and labels do not obstruct price candles or other critical chart data.
How to Use:
Identify the Trend: Check the Triple EMA alignment and the "Market Status" on the dashboard.
Find Entries: Look for price pullbacks into the DEMAND zone (for longs) or rallies into the SUPPLY zone (for shorts) after a signal is generated.
Confirm Momentum: Use the RSI value in the dashboard to ensure the market is not overextended before entering a trade.
Customization: You can adjust the zone thickness (Zone Mult) in the settings menu to fit your specific timeframe or trading style.
⚠️ Disclaimer: This script is provided for EDUCATIONAL PURPOSES ONLY. It does not constitute financial advice, investment recommendations, or an invitation to trade. Trading involves significant risk. The developer (TomGoodCar) is not responsible for any losses incurred from the use of this script. Always perform your own research and backtesting before making any investment decisions.
This indicator is a comprehensive trend analysis and price action study tool designed for traders who value a clean interface and data-driven insights. It combines momentum tracking, trend identification, and structural analysis into a single visual suite.
Key Features:
Triple EMA System: Features three Exponential Moving Averages (Fast, Mid, Slow) to help traders identify trend alignment and potential dynamic support/resistance levels.
Smart Supply/Demand Zones: Automatically projects the latest Demand/Supply zones based on ATR (Average True Range) volatility. To maintain a clean chart, old zones are automatically removed when new signals appear.
Professional Dashboard: A real-time monitor displaying Market Status (Bullish/Bearish), RSI Momentum, Volatility (ATR), and suggested Trade Bias.
Optimized Visuals: Designed for maximum scannability, ensuring zones and labels do not obstruct price candles or other critical chart data.
How to Use:
Identify the Trend: Check the Triple EMA alignment and the "Market Status" on the dashboard.
Find Entries: Look for price pullbacks into the DEMAND zone (for longs) or rallies into the SUPPLY zone (for shorts) after a signal is generated.
Confirm Momentum: Use the RSI value in the dashboard to ensure the market is not overextended before entering a trade.
Customization: You can adjust the zone thickness (Zone Mult) in the settings menu to fit your specific timeframe or trading style.
⚠️ Disclaimer: This script is provided for EDUCATIONAL PURPOSES ONLY. It does not constitute financial advice, investment recommendations, or an invitation to trade. Trading involves significant risk. The developer (TomGoodCar) is not responsible for any losses incurred from the use of this script. Always perform your own research and backtesting before making any investment decisions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.