Pivot Points with Demand/Supply Zones
🔹 Indicator Name: Pivot Points with Demand/Supply Zones, Volume & Real-Time Volume Signal
🔹 Use for: Analyze support/resistance, Demand/Supply Zones and trading volume (Volume) in real time 📈
✅ Indicator Working Principle
1️⃣ 📊 Calculate Pivot Points & Support/Resistance
✅ Pivot Point (P) = (High + Low + Close) / 3
✅ Resistance 1 (R1) = 2 × Pivot - Low
✅ Support 1 (S1) = 2 × Pivot - High
✅ Resistance 2 (R2) = Pivot + (High - Low)
✅ Support 2 (S2) = Pivot - (High - Low)
✅ Display Pivot Line (🔵), Resistance (🔴), Support (🟢)
2️⃣ 📌 Calculate Demand/Supply Zone on 4 hours timeframe (4H TF)
✅ Demand Zone (🟢) → Low of 4H candlestick is lower than Support 1
✅ Supply Zone (🔴) → High of 4H candlestick is higher than Resistance 1
✅ Display "Demand Zone" & "Supply Zone" labels on the chart
3️⃣ 📈 Calculate 4H EMA and set candlestick color
✅ 4H EMA (4-hour moving average) is used as the main trend
✅ Set candlestick color according to the trend:
🟢 Green: Closing price > 4H EMA → Uptrend
🔴 Red: Closing price < 4H EMA → Downtrend
4️⃣ 📊 Calculate 4H RSI to identify Overbought/Oversold points
✅ Overbought (🔴) → RSI (The market has too much buying power)
✅ Oversold (🟢) → RSI (The market has too much selling power)
✅ Displays red/green candlestick color when entering Overbought/Oversold
5️⃣ 📊 Calculate trading volume (Volume) & Volume Signal
✅ Calculate average Volume (SMA 20 of Volume)
✅ Volume Intensity = Current Volume / Average Volume
✅ Set candlestick color according to Volume + Demand/Supply Zone
🟢 Dark Green: Demand Zone + High Volume
🟢 Light Green: Demand Zone + Normal Volume
🔴 Dark Red: Supply Zone + High Volume
🔴 Light Red: Supply Zone + Normal Volume
✅ Volume Signal (🟣) → If Current Volume > 1.5 × Average Volume
🎯 Usage
✔️ Use Pivot Points to identify important support/resistance levels
✔️ Use Demand/Supply Zones To see the market turning point
✔️ Use EMA to analyze the main trend of the market
✔️ Use RSI to see the Overbought/Oversold point before entering the trade
✔️ Use Volume Signal to see the significant buying/selling force
🚀 This indicator helps you analyze the market accurately with Pivot Points + Demand/Supply + Volume Signal! 💰
This indicator works on
#crypto #forex #gold and all assets.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact ereranananan7 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.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact ereranananan7 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.