OPEN-SOURCE SCRIPT
MTF Institutional Zone - EugenioTheDog Mackaqui
This script plots Institutional Supply & Demand Zones (MTF) on any chart timeframe, so you can track higher timeframe decision areas while executing on lower timeframes.
What it does
Up to 3 selectable timeframes (TF1 / TF2 / TF3)
Automatically detects Demand (buy) zones and Supply (sell) zones
Zones are created when a strong impulse candle appears (body vs ATR), using the last opposite candle as the zone source
Zones are extended to the right in real time
Zones are removed after 50% mitigation (midpoint touched)
Alerts included
Formation alerts
TF1 / TF2 / TF3: Demand formed
TF1 / TF2 / TF3: Supply formed
Combined: TF1+TF2 and TF1+TF2+TF3 zone formed
Proximity alerts (before touch)
Alerts when price is approaching a zone (configurable % distance)
Combined alerts: TF1+TF2 and TF1+TF2+TF3
How to use (important)
This indicator is NOT a standalone entry signal.
Zones must be traded with context:
Align with trend / market structure
Look for liquidity grabs / sweeps
Wait for reaction and confirmation before entering
Visual settings
You can customize colors and transparencies for Demand/Supply in the settings.
Made for EugenioTheDog – Grupo VIP Mackaqui.
Not financial advice. Use at your own risk.
What it does
Up to 3 selectable timeframes (TF1 / TF2 / TF3)
Automatically detects Demand (buy) zones and Supply (sell) zones
Zones are created when a strong impulse candle appears (body vs ATR), using the last opposite candle as the zone source
Zones are extended to the right in real time
Zones are removed after 50% mitigation (midpoint touched)
Alerts included
Formation alerts
TF1 / TF2 / TF3: Demand formed
TF1 / TF2 / TF3: Supply formed
Combined: TF1+TF2 and TF1+TF2+TF3 zone formed
Proximity alerts (before touch)
Alerts when price is approaching a zone (configurable % distance)
Combined alerts: TF1+TF2 and TF1+TF2+TF3
How to use (important)
This indicator is NOT a standalone entry signal.
Zones must be traded with context:
Align with trend / market structure
Look for liquidity grabs / sweeps
Wait for reaction and confirmation before entering
Visual settings
You can customize colors and transparencies for Demand/Supply in the settings.
Made for EugenioTheDog – Grupo VIP Mackaqui.
Not financial advice. Use at your own risk.
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.