OPEN-SOURCE SCRIPT
Supply and Demand Zones
Updated
This indicators should be used along with price action breakout
Red zones - Red zones are formed daily
10 days average ranges
Blue zones - Blue zones are formed every week
10 weeks average ranges
Green zones - Green zones are formed every month
10 months averange ranges
Red zones - Red zones are formed daily
10 days average ranges
Blue zones - Blue zones are formed every week
10 weeks average ranges
Green zones - Green zones are formed every month
10 months averange ranges
Release Notes
It will just plot the close priceRelease Notes
It will plot the previous day's high and lowRelease Notes
Now it will plot previous day , previous week and previous month high and lowOpen-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
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