OPEN-SOURCE SCRIPT

Impulse Alert - Supply (Sell) [Fixed]

283
🟥 Supply Zone (Sell) – Institutional Order Block Detector

This custom indicator automatically detects valid Supply Zones (Sell Zones) based on Smart Money Concepts and institutional trading behavior.

🔍 How It Works:
Identifies strong bearish impulsive moves after price forms a potential Order Block

Valid supply zones are plotted after:

A valid rally–base–drop or drop–base–drop structure

A shift in structure or clear imbalance is detected

The zone is created from the last bullish candle before a strong bearish engulfing move

Zones remain on chart until price revisits and reacts

📊 Use Case:
Ideal for traders using Smart Money Concepts (SMC), Supply & Demand, or ICT-inspired strategies

Perfect for scalping, day trading, or swing setups

Designed for confluence with HTF bias and LTF execution

⚙️ Features:
Supply Zone auto-plotting

Customizable zone color and opacity

Alerts when price returns to the zone (retest entry opportunity)

🧠 Tip for Best Use:
Use in confluence with:

HTF Supply zones (manual or other indicator)

Market Structure breaks

Fair Value Gaps or Imbalance zones

Strong impulsive moves from HTF to LTF

🔁 Future Additions (Coming Soon):

Demand Zone detection

Zone strength rating system

Refined zone filters (volume, candle size, etc.)

Alerts for mitigation or invalidation

📌 Created by: Rohit Jadhav | Real-time market trader | YT/Insta - @GrowthByTrading
💬 Feedback? Drop a comment or connect via profile for updates and tutorials!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.