Demand and Supply Candles-open
This Script helps you identify the basing and explosive candles which can be used for Supply and Demand Analysis methodology
Blue Candle represents the Boring Candles ==> Demand and Supply is in balance
Black Candle represents the Exciting Candles ==> imbalance between Demand and Supply
If you are looking for automatic indicator for demand and supply zones, you will have to tradingview home page and in search bar drop down select people and in searchbox "ConfidentSelfTrader", then select SCRIPTS, then click on "Demand and Supply Zones indicator", scroll down and add it as your Favorite Scripts, then you can use "Demand and Supply Zones indicator" for free....
Blue Candle represents the Boring Candles ==> Demand and Supply is in balance
Black Candle represents the Exciting Candles ==> imbalance between Demand and Supply
If you are looking for automatic indicator for demand and supply zones, you will have to tradingview home page and in search bar drop down select people and in searchbox "ConfidentSelfTrader", then select SCRIPTS, then click on "Demand and Supply Zones indicator", scroll down and add it as your Favorite Scripts, then you can use "Demand and Supply Zones indicator" for free....
Release Notes:
Updated the script to new pine script version (v4)