OPEN-SOURCE SCRIPT
Supply & Demand Zones (SK Wealth Guru)
Supply & Demand Zones (SK Wealth Guru) 📈
🚀 Description:
This indicator helps traders identify key Supply & Demand Zones, integrating SuperTrend, SMA, ATR-based Stop Loss & Target, and Higher Timeframe Confirmation to refine entries.
✅ Key Features:
Automatic Supply & Demand Zone Marking
Trade Only on Candle Close within Zones
Intraday & Positional Mode (Default: 20 & 30 Lookback)
SuperTrend & SMA for Trend Confirmation
ATR-based Stop Loss & Fibonacci Target Extension
Risk-Reward Ratio Filtering
Table Display of Market Levels, Trend, and Trade Signals
⚠️ Note:
This script does not guarantee profits. Use proper risk management.
Educational Purpose Only—not financial advice.
Always backtest and use alongside other confirmation signals.
🔔 Alerts:
Buy & Sell opportunities based on zone break & trend confirmation.
📌 How It Works:
1️⃣ Demand Zone (Support) Trade:
A bullish trade is triggered only if a candle closes inside the demand zone.
2️⃣ Supply Zone (Resistance) Trade:
A bearish trade is triggered only if a candle closes inside the supply zone.
3️⃣ Risk-Reward Validation:
Trade is taken only if Risk-Reward > 2.
🔥 Developed by: SK Wealth Guru
🚀 Description:
This indicator helps traders identify key Supply & Demand Zones, integrating SuperTrend, SMA, ATR-based Stop Loss & Target, and Higher Timeframe Confirmation to refine entries.
✅ Key Features:
Automatic Supply & Demand Zone Marking
Trade Only on Candle Close within Zones
Intraday & Positional Mode (Default: 20 & 30 Lookback)
SuperTrend & SMA for Trend Confirmation
ATR-based Stop Loss & Fibonacci Target Extension
Risk-Reward Ratio Filtering
Table Display of Market Levels, Trend, and Trade Signals
⚠️ Note:
This script does not guarantee profits. Use proper risk management.
Educational Purpose Only—not financial advice.
Always backtest and use alongside other confirmation signals.
🔔 Alerts:
Buy & Sell opportunities based on zone break & trend confirmation.
📌 How It Works:
1️⃣ Demand Zone (Support) Trade:
A bullish trade is triggered only if a candle closes inside the demand zone.
2️⃣ Supply Zone (Resistance) Trade:
A bearish trade is triggered only if a candle closes inside the supply zone.
3️⃣ Risk-Reward Validation:
Trade is taken only if Risk-Reward > 2.
🔥 Developed by: SK Wealth Guru
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.