Demand Index
- Divergences between DI and price. A divergence between the DI and prices suggests an approaching change in the price trend.
- Trendline analysis of DI showing levels of support/resistance, can help determine changes in trend.
- As a leading indicator DI trendlines are often broken ahead of price trendlines.
- Zero-line crossings can confirm previous signals as a lagging indicator.
The Demand Index indicator is available for purchase at https://www.cryptoalphaindicators.com/demand-index/
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Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CryptoAlpha_indicators directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.