{INDYAN} Boring and Explosive Candle -Demand & Supply — Indicator by Indyan

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candlestick base explosive demandzone supplyzone

READ:-Blue candle as boring/base candle and Black candle as explosive candle
FInd two explosive candle (Black) where two base/boring (Blue) candles are in between.
It will be marked as demand and supply zone .
Those who leant demand and supply will find this indicator usefull for findin and marking zones.

#When yuy find a Explosive candle , it become a potential demand and supply zone . It depens on second candle thou.

Thanks
Love INDYAN

Release Notes: Added 50 SMA as one of friend follower requested for that,Hope it will help other trader friends too...:)

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Comments

Can you share the scripts of your indicators - dual supertrend, boring candles etc

hemantdhamija

@hemantdhamija, Why u need that? if u r coder u can easily make it.

Indyan

@Indyan, :-), OK Never mind! I've anyway stopped using indicators.

mohalitrader1967

@mohalitrader1967, Great 👍🏻

Very awesome bhaiya keep it up ur auto trendline indicator is too awesome infact all indicator are super

trytolearnnearn_2

@trytolearnnearn_2, Thanks bro

sir u have that indicator in amibroker AFL ?
if not can u make ?

naeempawaskar

@naeempawaskar, its freely available

normalCandle = (Open < Close);
baseCandle = abs(Open-Close)/abs(High-Low) < 0.5;
BarColor = Iif( baseCandle, colorBlue, IIf(normalCandle, colorGreen, colorRed) );
// set color
Plot( Close, "Price", BarColor, styleCandle );

Above afl will mark base as blue color if its less than 50% less body

Indyan

@Indyan, i have this boring afl i need explosive candle afl

Indyan

@Indyan, normalCandle = (Open < Close);
baseCandle = abs(Open-Close)/abs(High-Low) < 0.5;
BarColor = Iif( baseCandle, colorBlue, IIf(normalCandle, colorGreen, colorRed) );
// set color
Plot( Close, "Price", BarColor, styleCandle );

_SECTION_BEGIN("Formula 2");
NormalCandle = (Open > Close);
expolosivecandle = abs(Open-Close)/abs(High-Low) > 0.65;
BarColor = Iif( expolosivecandle , coloryellow, IIf(normalCandle,colorRed , colorGreen) );
// set color
Plot( Close, "Price", BarColor, styleCandle );

i put that afl but show only boring candle color there not show explosive candle color