Smart Money Supply and Demand Indicator

This indicator is designed to highlight highly-potential institutional supplies and demands.

The "Supply and Demand Indicator" is a closed-source script that offers traders a unique perspective on market analysis. This innovative tool employs price action analysis and a proprietary approach, including the detection of liquidity grabs, to identify potential supply and demand zones in the market. Designed to simplify trading, the indicator provides clear and accessible signals, making it valuable for traders of all experience levels. It equips traders with actionable insights into market dynamics, empowering them to make informed trading decisions while maintaining transparency about its methodology.

📊 How It Works:

Unlike traditional indicators, my approach leverages liquidity grabs to detect potential supply and demand zones. As the detection of these liquidity grabs relies solely on price action, it's important to note that the accuracy of these signals may vary.

1. The indicator detects tops and bottoms and list them
2. It will detect liquidity grab when closest previous tops or bottoms are swiped with a HigherHigh or LowerLow. The liquidity grab is confirmed only if the markets moves accordingly right after according to my knowledge
3. Once the Liquidity grab is confirmed, it will mark the institutional supply or demand line with a triangle and a line on the chart.
4. You should always complete the confirmations yourself with additional indicators like RSI and your own trading knowledge.


🔧 How to Use:

Apply the script to your chart. This is a price-action based script so you it will work on most markets. You do not need to edit settings but you can try to adjust how the tops and bottoms are detected.


🚨 Disclaimer:
Trading involves inherent risks, and the accuracy of signals provided by this script may vary. Always conduct additional analysis and exercise caution in your trading decisions. Past performance is not indicative of future results.
This indicator is designed to highlight highly-potential institutional supplies and demands. The accuracy is not 100% and you should always complete the confirmations yourself with additional indicators like RSI and your own trading knowledge.


Maintenance:

I may add settings and features to enhance the detection, without removing the possibility to disable the enhanced detection

Release Notes:

This indicator is designed to highlight highly-potential institutional supplies and demands.

The "Supply and Demand Indicator" is a closed-source script that offers traders a unique perspective on market analysis. This innovative tool employs price action analysis and a proprietary approach, including the detection of liquidity grabs, to identify potential supply and demand zones in the market. Designed to simplify trading, the indicator provides clear and accessible signals, making it valuable for traders of all experience levels. It equips traders with actionable insights into market dynamics, empowering them to make informed trading decisions while maintaining transparency about its methodology.

📊 How It Works:

Unlike traditional indicators, my approach leverages liquidity grabs to detect potential supply and demand zones. As the detection of these liquidity grabs relies solely on price action, it's important to note that the accuracy of these signals may vary.

1. The indicator detects tops and bottoms and list them
2. It will detect liquidity grab when closest previous tops or bottoms are swiped with a HigherHigh or LowerLow. The liquidity grab is confirmed only if the markets moves accordingly right after according to my knowledge
3. Once the Liquidity grab is confirmed, it will mark the institutional supply or demand line with a triangle and a line on the chart.
4. You should always complete the confirmations yourself with additional indicators like RSI and your own trading knowledge.


🔧 How to Use:

Apply the script to your chart. This is a price-action based script so you it will work on most markets. You do not need to edit settings but you can try to adjust how the tops and bottoms are detected.


🚨 Disclaimer:
Trading involves inherent risks, and the accuracy of signals provided by this script may vary. Always conduct additional analysis and exercise caution in your trading decisions. Past performance is not indicative of future results.
This indicator is designed to highlight highly-potential institutional supplies and demands. The accuracy is not 100% and you should always complete the confirmations yourself with additional indicators like RSI and your own trading knowledge.

Release Notes:

- Added settings for RSI
- Changed default HH/LL detection from 5 to 4
- Removed visible plotchars on chart (debugging)
- Removed useless settings