satyamboggavarapu

Satya Comprehensive Zones -V4-Rel 2.4

This is comprehensive automatic supply and demand zone identifications . And in addition , it also denotes various odd enhancers.

After adding the indicators, there are few things which you need select:

1. WIT ( Weekly Income Trade) -- In the curve time frame, choose the curve time frame : WIT/DIT/HIT ( weekly income trade/Daily Income trade/Hourly Income Trade)
2. select the no of base candles to be considered while drawing the Supply and Demand Zones. <3 candles,, up to 6 candles

Odd enhancers:

1. The zones are marked based
a) on time of the zone : If the no of base candles are <=3, it is marked with diamond odd enhancer
b) Freshness : Fresh ness is marked with numerical character "1" . First touch is big "1" and subsequent touches up to total 4 touches are marked .
c) strenght of the zone: is marked by character star symbol if it is high strength zone
d). if the first touch happens with in the first set of candles,(5) , it is denoted with flag symbol
e) the candle stick formations occuring at the zones is denoted with Hammer /Bu Haramin/ Bullish engulfing / inv hammer / Bearish Harami/ Bearish
engulfing
f) trend based on Moving averages is also shown and need to be selected accordingly



The indicator automatically draws this in all time frames .

This is only tool and the strategy to be used to go long/short will come later as it is extensive subject to learn


Release Notes: Updated the colors and added user input for showing the <5 candle touch or showing off

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact satyamboggavarapu for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Want to use this script on a chart?

Warning: please read before requesting access.