OPEN-SOURCE SCRIPT
Supply & Demand Zones with Broken Zone Detection
This indicator automatically identifies and draws key supply and demand zones on a chart, highlighting where institutional buying or selling pressure has historically acted. It also monitors zones for breaks (i.e. when price decisively crosses through a zone) and changes their status or appearance accordingly.
Key features include:
Automatic detection of fresh zones based on consolidation + impulse patterns
Classification and visual updates when a zone is tested, used, or broken
Option to retain broken zones in the background (lighter style) for reference
Customizable visual styles (colors, transparency, labels)
Alerts when zones are broken or retested
Key features include:
Automatic detection of fresh zones based on consolidation + impulse patterns
Classification and visual updates when a zone is tested, used, or broken
Option to retain broken zones in the background (lighter style) for reference
Customizable visual styles (colors, transparency, labels)
Alerts when zones are broken or retested
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.