There are two types of TD Points-
1. TD supply points- A bar with a maximum price higher than the maximum prices of the previous and subsequent bars. Downward are drawn through the highs of such bars.
2. TD demand points- A bar with a minimum price below the minimum price of the previous and subsequent bars. Upward are drawn through the minima of such bars.
There are multiple TD levels based on which no. of bars are considered while calculating TD Points.
This indicator provides input options to select TD level. (Upto 10 levels)
Indicator will draw circles above/below bars denoting TD Supply/Demand point respectively for specific TD level.
User can select multiple TD levels at once. Indicator uses different coloured circles for indicating points for each TD level.
User can draw using latest TD points and find the breakout for making trade calls.
1. TD Point getting identified for equal highs or lows.
Fixed issue of TD Point detection for L1, in case of same high or low values of subsequent candles.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.