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Dynamic Supply and Demand Zones [AlgoAlpha]Introducing the Dynamic Supply and Demand Zones by AlgoAlpha. This indicator is designed to automatically identify and visualize dynamic supply and demand zones on your chart, helping traders pinpoint potential reversal areas and assess market sentiment with enhanced clarity. It adapts to market conditions using a dynamic look-back mechanism, making it more responsive to recent price movements. 📈💡 Key Features 📊 Dynamic Look-Back : Automatically adjusts the look-back period based on the most recent pivot point, ensuring the most relevant data is analyzed. 🎯 Pivot Point Detection : Utilizes a user-defined period to detect significant pivot highs and lows, marking potential reversal points with precision. 🛠 Customizable Parameters : Offers extensive customization options including look-back period, pivot detection sensitivity, resolution, and zone tolerance. 🗺 Visual Display : Shows supply and demand zones as boxes on the chart, with optional profiles and background highlighting to differentiate between bullish and bearish zones. 🖍 Color-Coded Zones : Zones are color-coded for easy identification: green for bullish, red for bearish, and gray for neutral levels. 🔔 Alert Conditions : Triggers alerts when new pivot points are detected, ensuring you never miss a key market movement. How to Use 🚀 Adding the Indicator : Press the star icon and add the indicator to favorites. Add it to your chart and adjust settings to fit your trading strategy. 🔍 Zone Analysis : Observe the color-coded zones on the chart. Bullish zones indicate potential support areas, while bearish zones suggest resistance. Monitor price interactions with these zones for potential entry and exit signals. 🔔 Alerts : Activate alert conditions for new pivot detections to stay ahead of market reversals. How It Works The indicator starts by detecting pivot highs and lows over a specified period. These pivots serve as reference points for determining the analysis range. If the Dynamic Look-Back feature is enabled, the look-back range dynamically adjusts from the most recent pivot to the current bar. Otherwise, a fixed look-back period is used. The price range is divided into multiple bins based on a specified resolution, and each bin’s volume is calculated by accumulating the volume of candles that fall within its price range. A zone is defined as significant if its volume is less than the adjacent bins, and the difference meets the Zone Tolerance criteria, indicating a potential area of support or resistance. These zones are then plotted on the chart as boxes. Bullish zones are shown in green, and bearish zones in red, helping traders visually identify key levels where supply and demand imbalances may cause price reversals.
Pine Script® indicator
by AlgoAlpha
20
Supply and Demand Zones with Enhanced SignalsThis Pine Script indicator combines supply and demand zone analysis with dynamic buy/sell signals to enhance trading strategies. It provides a robust framework for identifying optimal trading opportunities and managing existing trades. Key Features: Supply and Demand Zones: The indicator identifies significant supply and demand zones based on recent price action. These zones are plotted as horizontal lines to help traders visualize potential reversal points. Exponential Moving Average (EMA): A 21-period EMA is used to determine the prevailing trend and generate buy and sell signals. Relative Strength Index (RSI): The 14-period RSI is utilized to filter buy and sell signals, providing additional context on overbought and oversold conditions. Signal Generation: Buy Signal: Triggered when the price crosses above the EMA and RSI indicates that the market is not overbought. Sell Signal: Triggered when the price crosses below the EMA and RSI indicates that the market is not oversold. Enhanced Exit Signals: Exit Buy Signal: Generated if an opposite sell signal occurs or the higher timeframe RSI indicates overbought conditions. Exit Sell Signal: Generated if an opposite buy signal occurs or the higher timeframe RSI indicates oversold conditions. Trade Management: Tracks active trades and provides exit signals based on the occurrence of opposite trading signals. This helps in managing positions more effectively and reducing potential losses. Usage: Supply and Demand Zones: Look for price action around these zones to identify potential trading opportunities. EMA and RSI: Use buy and sell signals in conjunction with EMA and RSI to validate trading decisions. Higher Timeframe RSI: Utilize this for additional confirmation and exit signals. Plotting: Supply Zone: Plotted as a red horizontal line. Demand Zone: Plotted as a green horizontal line. EMA: Plotted as a blue line. Buy and Sell Signals: Indicated by green and red triangle shapes, respectively. Exit Signals: Indicated by blue and orange X shapes. This indicator is designed to help traders make informed decisions by combining technical analysis with strategic trade management.
Pine Script® indicator
by IJAlgo
11
Multi Timeframe Supply & Demand ZonesIntroduction Hello fellow traders and coders, I’d like to introduce the multi time-frame supply and demand indicator that you’ve been looking for, its a dynamic script encompassing a lot of features however it is merely a tool to be used in conjunction with your own market analysis. Features A maximum of 2 time-frames that can be customized independently. The ability to change individual swing lengths that create the supply and demand boxes, all time-frames will come set at 7, you can however set this to whatever you are comfortable with. Supply and demand functionality for both time-frames. The ability to either use (highs and lows) or closes for mitigation of supply and demand zones, meaning that if set to close the zones will be mitigated if a close is above the top for supply and bottom from demand, the same will apply when the high and low flag is used. The ability to customize box colors, border type, border width and text size. The ability to prevent lower time frame structure from showing on higher time frames which I don’t advice as it will provide you with an inaccurate perception of the lower time frame structure hence I’ve made the feature available but set it to false. The script also has a section called general settings that will allow you to hide all the supply and demand zones on the chart. The ability to choose the number of supply or demand zones to display per time-frame. General Settings Functionality. Input 1 allows you to hide all the demand zones on the chart. Input 2 allows you to hide all the supply zones on the chart. Input 3 if false will show lower time frame structure on a higher time frame. Default is true to prevent inaccurate results on higher time-frames.
Pine Script® indicator
by Lenny_Kiruthu
52
VWAP Supply and Demand ZonesThis is my 1st indicator enjoy. Description of the VWAP Supply and Demand Zones indicator: This indicator uses the Volume Weighted Average Price (VWAP) to identify potential supply and demand zones in the market. The VWAP is a popular indicator that shows the average price of a security weighted by volume over a specified period of time. It can be used as a benchmark to measure the efficiency of trading and to identify trends and price levels. The indicator plots the VWAP as a blue line on the chart, and also plots two other lines above and below it, which represent the upper and lower bounds of the supply and demand zones. The width of these zones can be adjusted by changing the “Zone Width” input parameter. The indicator also plots shapes on the chart to mark when a supply or demand zone is formed. A supply zone is formed when the price crosses above the VWAP and then falls back below it, indicating that there is more selling pressure than buying pressure at that level. A red triangle is plotted above the bar where this happens, and a red zone is drawn between the previous close and previous VWAP values. A demand zone is formed when the price crosses below the VWAP and then rises back above it, indicating that there is more buying pressure than selling pressure at that level. A green triangle is plotted below the bar where this happens, and a green zone is drawn between the previous close and previous VWAP values. The supply and demand zones can be used as potential areas of support and resistance, where traders can look for reversal or continuation signals. For example, if the price enters a supply zone from below, it may indicate that sellers are willing to sell at higher prices, which could lead to a bearish reversal. Conversely, if the price enters a demand zone from above, it may indicate that buyers are willing to buy at lower prices, which could lead to a bullish reversal. The indicator can be applied to any timeframe or market, but it may work better on higher timeframes where volume data is more reliable. It can also be combined with other indicators or tools to confirm or filter signals.
Pine Script® indicator
by Finntech1
4
Machine Learning-Inspired Supply & Demand Zones [AlgoPoint]This indicator is a Smart Supply & Demand Zone tool, developed with principles inspired by Machine Learning (ML). It intelligently filters out market noise, allowing you to focus only on the most significant zones where institutional order flow is likely present. 💡 How It Works: Why Is This Indicator "Smart"? Unlike traditional indicators that only measure simple price movements, this script uses an algorithm that asks the same critical questions an experienced market analyst would to qualify a zone: - 1. Price Imbalance: How fast and aggressively did the price leave the zone? Our algorithm measures the body size of the "departure candle" relative to the current market volatility (ATR). A zone is only considered if it was formed by an explosive move that is statistically significant, indicating a major imbalance between buyers and sellers. - 2. Volume Confirmation: Did the "smart money" participate in this move? The script checks if the volume on the departure candle was significantly higher than the recent average volume. A spike in volume confirms that the move was backed by institutional interest, adding strength and validity to the zone. - 3. Valid Pivot Structure: Did the zone originate from a meaningful swing high or low? The algorithm first identifies a valid pivot structure, ensuring that zones are not drawn from insignificant or random price fluctuations. Only when a potential zone passes these three critical tests—our "quality filter"—is it drawn on your chart. 🚀 Features & How to Use Using the indicator is straightforward. You will see two primary types of boxes on your chart: * 🟥 Red Box (Supply Zone): An area of potential resistance where selling pressure is likely to be strong. Look for potential shorting opportunities as the price approaches this zone. * 🟩 Green Box (Demand Zone): An area of potential support where buying pressure is likely to be strong. Look for potential long opportunities as the price pulls back into this zone. Dynamic Zone Management This indicator is not static; it lives and breathes with the market: - Fresh Zone: A newly formed zone appears in its full, vibrant color. These are the highest-probability zones as they have not yet been re-tested. - Broken / Flipped Zone: You have full control over what happens when a zone is broken! In the settings, you can choose: - Delete Zone: The zone will be removed completely when the price closes through it. - Show as Broken (Flip): When broken, the zone will turn gray, stop extending, and remain on your chart. This is extremely useful for identifying Support/Resistance Flips, where a broken demand zone becomes new resistance, or a broken supply zone becomes new support. ⚙️ Settings & Customization Fine-tune the indicator to match your personal trading style via the settings menu: - Breakout Behavior: The most powerful feature. Choose between Delete Zone and Show as Broken (Flip) to customize your chart. - Zone Finding Logic: Control the indicator's sensitivity. - Selective: Requires both strong imbalance and high volume. Finds fewer, but higher-quality, zones. - Moderate: Requires either strong imbalance or high volume. Finds more potential zones. - Sensitivity Settings: Adjust the ATR Multiplier and Volume Multiplier to make the criteria for a "strong" zone stricter or looser.
Pine Script® indicator
by Iamalala
2
Follow-up Buy / Sell Volume Pressure at Supply / Demand Zones█ Overview: BE-Volume Footprint & Pressure Candles, is an indicator which is preliminarily designed to analyze the supply and demand patterns based on Rally Base Rally (RBR), Drop Base Drop (DBD), Drop Base Rally (DBR) & Rally Base Drop (RBD) concepts in conjunction to volume pressure. Understanding these concepts are crucial. Let's break down why the "Base" is you Best friend in this context. Commonness in RBR, DBD, DBR, RBD patterns ? There is an impulse price movement at first, be it rally (price moving up) or the Drop (price moving down), followed by a period of consolidation which is referred as "BASE" and later with another impulse move of price (Rally or Drop). Why is the Base Important 1. Market Balance: Base represents a balance between buyers and sellers. This is where decisions are made. 2. Confirmation: It confirms the strength of previous impulse move which has happened. Base & the Liquidity Play: Supply & Demand Zone predict the presence of all large orders within the limits of the Base Zone. Price is expected to return to the zone to fill the unfilled orders placed by large players. For the price to move in the intended direction Liquidity plays the major role. hence indicator aims to help traders in identifying those zones where liquidity exists and the volume pressure helps in confirming that liquidity is making its play. Bottom pane in the below snapshots is a visual representation of Buyers volume pressure (Green Line & the Green filled area) making the price move upwards vs Sellers volume pressure (Red Line & the Red filled area) making the price move downwards. Top pane in the below snapshots is a visual representation on the pattern identification (Blue marked zone & the Blue line referred as Liquidity level) Bullish Pressure On Buy Liquidity: Bearish Pressure On Sell Liquidity: █ How It Works: 1. Indicator computes technical & mathematical operations such as ATR, delta of Highs & Lows of the candle and Candle ranges to identify the patterns and marks the liquidity lines accordingly. 2. Indicator then waits for price to return to the liquidity levels and checks if Directional volume pressure to flow-in while the prices hover near the Liquidity zones. 3. Once the Volume pressure is evident, loop in to the ride. █ When It wont Work: When there no sufficient Liquidity or sustained Opposite volume pressure, trades are expected to fail. █ Limitations: Works only on the scripts which has volume info. Relays on LTF candles to determine intra-bar volumes. Hence, Use on TF greater than 1 min and lesser than 15 min. █ Indicator Features: 1. StrictEntries: employs' tighter rules (rather most significant setups) on the directional volume pressure applied for the price to move. If unchecked, liberal rules applied on the directional volume pressure leading to more setups being identified. 2. Setup Confirmation period: Indicates Waiting period to analyze the directional volume pressure. Early (lesser wait period) is Risky and Late (longer wait period) is too late for the ride. Find the quant based on the accuracy of the setup provided in the bottom right table. 3. Algo Enabled with Place Holders: Indicator is equipped with algo alerts, supported with necessary placeholders to trade any instrument like stock, options etc. Accepted PlaceHolders (Case Sensitive!!) 1. {{ticker}}-->InstrumentName 2. {{datetime}}-->Date & Time Of Order Placement 3. {{close}}-->LTP Price of Script 4. {{TD}}-->Current Level: Note: Negative Numbers for Short Setup 5. {{EN}} {{SL}} {{TGT}} {{T1}} {{T2}} --> Trade Levels 6. {{Qty}} {{Qty*x}} --> Qty -> Trade Qty mapped in Settings. Replace x with actual number of your choice for the multiplier 7. {{BS}}-->Based on the Direction of Trade Output shall be with B or S (B == Long Trade & S == Short Trade) 8. {{BUYSELL}}-->Based on the Direction of Trade Output shall be with BUY or SELL (BUY == Long Trade & SELL == Short Trade) 9. {{IBUYSELL}}-->Based on the Direction of Trade Output shall be with BUY or SELL (BUY == SHORT Trade & SELL == LONG Trade) Dynamic Alerts: 10. { {100R0} }-->Dynamic Place Holder 100 Refers to Strike Difference and Zero refers to ATM 11. { {100R-1} }-->Dynamic Place Holder 100 Refers to Strike Difference and -1 refers to ATM - 100 strike 12. { {50R2} }-->Dynamic Place Holder 50 Refers to Strike Difference and 2 refers to ATM + (2 * 50 = 100) strike 13. { {"ddMMyy", 0} }-->Dynamically Picks today date in the specified format. 14. { {"ddMMyy", n} }-->replace n with actual number of your choice to Pick date post today date in the specified format. 15. { {"ddMMyy", "MON"} }-->dynamically pick Monday date (coming Monday, if today is not Monday) Note. for the 2nd Param-->you can choose to specify either Number OR any letter from => 16. {{CEPE}} {{ICEPE}} {{CP}} {{ICP}} -> Dynamic Option Side CE or C refers to Calls and PE or P refers to Puts. If "I" is used in PlaceHolder text, On long entries PUTs shall be used Indicator is equipped with customizable Trade & Risk management settings like multiple Take profit levels, Trailing SL.
Pine Script® indicator
by TradeWiseWithEase
Supply/Demand Zones - Fixed v3 (Cross YES Only)This Pine Script indicator creates Supply/Demand Zones with specific filtering criteria for TradingView. Here's a comprehensive description: Supply/Demand Zones -(Cross YES Only) Core Functionality Session-Based Analysis: Identifies and visualizes price ranges during user-defined time sessions Cross Validation Filter: Only displays zones when the "Cross" condition is met (Open and Close prices cross the mid-range level) Real-Time Monitoring: Tracks price action during active sessions and creates zones after session completion Key Features Time Range Configuration Customizable session hours (start/end time with minute precision) Timezone support (default: Europe/Bucharest) Flexible scheduling for different trading sessions Visual Elements Range Border: Dotted outline showing the full session range (High to Low) Key Levels: Horizontal lines for High, Low, and Mid-range levels Sub-Range Zones: Shaded areas showing Open and Close price zones Percentage Labels: Display the percentage of range occupied by Open/Close zones Active Session Background: Blue background highlighting during active sessions Smart Filtering System Cross Condition: Only creates zones when: Open < Mid AND Close > Mid (bullish cross), OR Open > Mid AND Close < Mid (bearish cross) This filter ensures only significant price movements that cross the session's midpoint are highlighted Customization Options Display Controls: Toggle visibility for borders, lines, zones, and labels Color Schemes: Full color customization for all elements Transparency Settings: Adjustable transparency for zone fills Text Styling: Configurable label colors and information display Technical Specifications Maximum capacity: 500 boxes, 500 lines, 200 labels Overlay indicator (draws directly on price chart) Bar-time based positioning for accurate historical placement Use Cases Supply/Demand Trading: Identify key price levels where institutions may have interest Session Analysis: Understand price behavior during specific trading hours Breakout Detection: Focus on sessions where price crosses significant levels Support/Resistance: Use range levels for future trade planning What Makes It Unique The "Cross YES Only" filter ensures that only meaningful price sessions are highlighted - those where the market shows directional bias by crossing from one side of the range to the other, indicating potential institutional interest or significant market sentiment shifts.
Pine Script® indicator
by MirelMD
7
No Supply No Demand (NSND) – Volume Spread Analysis ToolThis indicator is designed for traders utilizing Volume Spread Analysis (VSA) techniques. It automatically detects potential No Demand (ND) and No Supply (NS) candles based on volume and price behavior, and confirms them using future price action within a user-defined number of lookahead bars. Confirmed No Demand (ND): Detected when a bullish candle has volume lower than the previous two bars and is followed by weakness (next highs swept, close below). Confirmed No Supply (NS): Detected when a bearish candle has volume lower than the previous two bars and is followed by strength (next lows swept, close above). Adjustable lookahead bars parameter to control the confirmation window. This tool helps identify potential distribution (ND) and accumulation (NS) areas, providing early signs of market turning points based on professional volume logic. The dot appears next to ND or NS.
Pine Script® indicator
by MALIK897
CANX Supply and Demand - Order Block - Candle Identification© CanxStixTrader CANX Supply and Demand - Order Block - Candle Identification Description Designed as a visual aid, to highlight the last up or down candle before a fractal break. We can assume these candles where the point of origin that generated enough strength to break recent structure. By using them as reference points, traders are expected to follow their own set of rules and mark higher probability supply and demand zones in the area. How to use: Expect price to retest in these areas, and if they fail, a potential retest in the opposite direction . The greater the number of times a zone is tested, the more likely it is to break. A fresh zone that has not yet been tested will have a higher probability of a bounce. Fractal period and candle break type can be customized in the settings. This works on all time frames. **The indicator is set to my optimal settings for the 5 minute or 15 minute time frame** Please mess around to find your comfort zone and back test the results. The lower the period number the more noise this creates on the market. The higher the number the less noise and more potential for a stronger zone. Keep it simple
Pine Script® indicator
by CanxStixTrader
2
AMG Supply and Demand ZonesSupply and Demand Zones Indicator This indicator identifies and visualizes supply and demand zones on the chart to help traders spot key areas of potential price reversals or continuations. The indicator uses historical price data to calculate zones based on high/low ranges and a customizable ATR-based fuzz factor. Key Features: Back Limit: Configurable look-back period to identify zones. Zone Types: Options to display weak, untested, and turncoat zones. Customizable Parameters: Adjust fuzz factor and visualization settings. Usage: Use this indicator to enhance your trading strategy by identifying key supply and demand areas where price is likely to react. You can customize this further based on how you envision users benefiting from your indicator. Let me know if you'd like to add or adjust anything!
Pine Script® indicator
by Viito_
Supply Demand by WowTradingInfoThis indicator identifies supply and demand zones based on price action, which is a crucial concept for technical analysis. Supply zones represent areas where the price has historically shown selling pressure, while demand zones show areas with strong buying interest. Explanation: Rally-Base-Rally (RBR): A rally is defined as a price movement where the percentage increase between the current high and the previous low. A base is defined as a period of consolidation where price stays within a narrow range, with low volatility. A RBR pattern is detected when a rally occurs, followed by a base, and then another rally. Drop-Base-Drop (DBD): A drop is identified when the price decrease between the current low and the previous high. A DBD pattern is detected when a drop occurs, followed by a base, and then another drop. Zone Marking: RBR Zones are drawn with repaint the candles color as yellow (where buyers are likely to step in). DBD Zones are drawn with repaint the candles color as pink (where sellers are likely to step in). Example Use Case: Rally-Base-Rally: When you see a yellow zone, it suggests that price rallied, consolidated, and is likely to rally again. It can be used as a potential demand zone. Drop-Base-Drop: pink zones indicate that price dropped, consolidated, and may drop again. It can be used as a potential supply zone. This script will help you automatically detect and visualize RBR and DBD patterns on your TradingView chart. These zones can provide valuable insights into areas where price may react due to past buying or selling pressure.
Pine Script® indicator
by SmartCoreTraders
1
Order Blocks Finder [TradingFinder] Major OB | Supply and Demand🔵 Introduction Drawing all order blocks on the path, especially in range-bound or channeling markets, fills the chart with lines, making it confusing rather than providing the trader with the best entry and exit points. 🔵 Reason for Indicator Creation For traders familiar with market structure and only need to know the main accumulation points (best entry or exit points), and primary order blocks that act as strong sources of power. 🟣 Important Note All order blocks, both ascending and descending, are identified and displayed on the chart when the structure of "BOS" or "CHOCH" is broken, which can also be identified with "MSS." 🔵 How to Use When the indicator is installed, it plots all order blocks (active order blocks) and continues until the price reaches them. This continuation happens in boxes to have a better view in the TradingView chart. Green Range : Ascending order blocks where we expect a price increase in these areas. Red Range : Descending order blocks where we expect a price decrease in these areas. 🔵 Settings Order block refine setting : When Order block refine is off, the supply and demand zones are the entire length of the order block (Low to High) in their standard state and cannot be improved. If you turn on Order block refine, supply and demand zones will improve using the error correction algorithm. Refine type setting : Improving order blocks using the error correction algorithm can be done in two ways: Defensive and Aggressive. In the Aggressive method, the largest possible range is considered for order blocks. 🟣 Important The main advantage of the Aggressive method is minimizing the loss of stops, but due to the widening of the supply or demand zone, the reward-to-risk ratio decreases significantly. The Aggressive method is suitable for individuals who take high-risk trades. In the Defensive method, the range of order blocks is minimized to their standard state. In this case, fewer stops are triggered, and the reward-to-risk ratio is maximized in its optimal state. It is recommended for individuals who trade with low risk. Show high level setting : If you want to display major high levels, set show high level to Yes. Show low level setting : If you want to display major low levels, set show low level to Yes. 🔵 How to Use The general view of this indicator is as follows. When the price approaches the range, wait for the price reaction to confirm it, such as a pin bar or divergence. If the price passes with a strong candle (spike), especially after a long-range or at the beginning of sessions, a powerful event is happening, and it is outside the credibility level. An Example of a Valid Zone An Example of Breakout and Invalid Zone. (My suggestion is not to use pending orders, especially when the market is highly volatile or before and after news.) After reaching this zone, expect the price to move by at least the minimum candle that confirmed it or a price ceiling or floor. 🟣 Important : These factors can be more accurately measured with other trend finder indicators provided. 🔵 Auxiliary Tools There is much talk about not using trend lines, candlesticks, Fibonacci, etc., in the web space. However, our suggestion is to create and use tools that can help you profit from this market. • Fibonacci Retracement • Trading Sessions • Candlesticks 🔵 Advantages • Plotting main OBs without additional lines; • Suitable for timeframes M1, M5, M15, H1, and H4; • Effective in Tokyo, Sydney, and London sessions; • Plotting the main ceiling and floor to help identify the trend.
Pine Script® indicator
by TFlab
52
MTF Swing Highs and Lows w/ Supply and Demand ZonesI designed this indicator out of necessity for the Market structure/Price action trading strategy I use. I thought I'd share. :) For the fans of my Multi Timeframe Swing High and Low indicator, I have added Supply and Demand Zones! The Supply and Demand Zones are based on the Swing Highs and Lows of my MTF Swing Highs and Lows Indicator. The S/D Zones are created on the wicks of the Swing Highs and Lows. You can choose whether to display the Chart, Higher and/or Highest timeframes as in the chart below. You can also choose to display up to 3 S/D Zones from the past 3 Swing Highs and Lows. The default setting is to display 1 chart timeframe S/D Zone, 2 higher and 3 highest, as I found this to be most effective without cluttering the screen too much The Chart Timeframe S/D Zones have an orange border, higher timeframe have a blue border and the highest have a black border. Supply zones based on Swing Highs are red and Demand Zones based on Swing Lows are green. This indicator displays Swing Highs and Lows on 3 timeframes based on the Chart timeframe, as follows: Chart TF Higher TF Highest TF 1m 5m 15m 5m 15m 60m 15m 60m 240m 60m 240m Daily 240m Daily Weekly Daily Weekly Monthly You can change the font size of the labels as you'd prefer.
Pine Script® indicator
by KaizenTraderB
18
Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions. Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones. Use Cases 1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles. 2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis. 3. Breakout traders can easily target pivot zones’ breakout and breakdown. 4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones. 5. Analyze contrary pivot zones to set realistic profit targets. Objectivity By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters. Chart Issue If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Pine Script® indicator
by tonkinai
29
RSI Based Automatic Supply and DemandA script that draws supply and demand zones based on the RSI indicator. For example if RSI is under 30 a supply zone is drawn on the chart and extended for as long as there isn't a new crossunder 30. Same goes for above 70. The threshold which by default is set to 30, which means 30 is added to 0 and subtracted from 100 to give us the classic 30/70 threshold on RSI, can be set in the indicator settings. By only plotting the Demand Below Supply Above indicator you get automatic SD level that is updated every time RSI reaches either 30 or 70. If you plot the Resistance Zone / Support Zone you get an indicator that extends the zone instead of overwrite the earlier zone. Due to the zone being extended the chart can get a bit messy if there isn't a clear range going on. There is also a "confirmation bars" setting where you can tell the script how many bars under over 30 / 70 you want before a zone is drawn. Here is an image of only using the "Demand Below / Supply Above" plot. As you can see, this could be useful "Price Flow" indicator, where we would only short if a zone appears below another zone, or long if two zones in a row are going up, like stairs.
Pine Script® indicator
by shtcoinr
110
MA Crossover with Demand/Supply Zones + Stop Loss/Take ProfitStop Loss and Take Profit Inputs: Added stopLossPerc and takeProfitPerc as inputs to allow the user to define the stop loss and take profit levels as a percentage of the entry price. Stop Loss and Take Profit Calculation: For long positions, the stop loss is calculated as strategy.position_avg_price * (1 - stopLossPerc), and the take profit is calculated as strategy.position_avg_price * (1 + takeProfitPerc). For short positions, the stop loss is calculated as strategy.position_avg_price * (1 + stopLossPerc), and the take profit is calculated as strategy.position_avg_price * (1 - takeProfitPerc). Exit Strategy: Added strategy.exit to define the stop loss and take profit levels for each trade. The from_entry parameter ensures that the exit is tied to the specific entry order. Flexibility: The stop loss and take profit levels are dynamic and adjust based on the entry price of the trade. How It Works: When a buy signal is generated (MA crossover near a demand zone), the strategy enters a long position and sets a stop loss and take profit level based on the input percentages. When a sell signal is generated (MA crossunder near a supply zone), the strategy enters a short position and sets a stop loss and take profit level based on the input percentages. The trade will exit automatically if either the stop loss or take profit level is hit. Example: If the entry price for a long position is $100, and the stop loss is set to 1% while the take profit is set to 2%: Stop loss level = 100 ∗ ( 1 − 0.01 ) = 100∗(1−0.01)=99 Take profit level = 100 ∗ ( 1 + 0.02 ) = 100∗(1+0.02)=102 Notes: You can adjust the stopLossPerc and takeProfitPerc inputs to suit your risk management preferences. Always backtest the strategy to ensure the stop loss and take profit levels are appropriate for your trading instrument and timeframe.
Pine Script® strategy
by Saifinayat