OVERVIEW The supply and demand zone indicator shows real-time supply and demand zones on the chart. It also plots a table including the high and low values of the zones. The last row of the table also shows the daily trend in the market.
CONCEPTS What is Supply & Demand? Supply and Demand represent the two most powerful forces of the forex market. Demand means the number of buyers buying a security in the market. Supply means the number of sellers selling a security in the market.
How to identify supply and demand zones? Supply and Demand zones are formed on the base region of price on the chart. There are two types of movement of price in technical analysis.
Impulsive wave
Retracement wave
The impulsive wave represents the price movement of market makers. The Retracement wave indicates base regions where market makers decide their next direction to go up or down. There are four fundamental concepts of Demand and supply in forex.
Rally Base Rally (RBR)
Rally Base Drop (RBD)
Drop Base Rally (DBR)
Drop Base Drop (DBD)
How does supply & demand indicator work? Our supply & demand indicator will use a simple formula based on price action to plot the zones. It will plot the zone on the base candles using the high and low of the base zone. Base candle = a candlestick that has a small body and big shadows like a Doji candlestick. Big candle = a candlestick with a large body and small shadows.
The zone will be drawn on the high and low of the base candlestick. There can be more than one base candlesticks in the base zone, but our indicator will identify the maximum of 4 base candlesticks.
FEATURES
Specify desired Big Body Candle Size Percentage
Specify desired Small Body Candle Size Percentage
Change the Colors of Zones at your own will
The Indicator Draws the latest zones and puts a label on historical Zones
The Indicator Draws real-time Zones under specified conditions of candle body sizes. The Zone will stop once the candlestick closes above the supply zone or below demand zones.
Recommended Timeframe Above 30 Minutes
Sürüm Notları
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In this update, we have updated the real-time alerts function.
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Alert Updated
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Zones Updated
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Alerts and Zones Updated
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Drawings Updated
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In this version we have improved the loading time of the indicator and now the indicator works much faster.
Hi, i receive today the acess, but i always have this message error into tradingview when use the indicator : Calculations take too long to execute ( >40000ms ) So for instance the indicator not appear for me. Please help me to solve it. Regards
purisunny1958
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Could i have access to your indicator
KIDZION
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looking forward to using this indicator. i've had something similar but wasn't sure if it was truly working or not.
Krishna143
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Well, now I changing my words after using this Plug-in "This is the best Plugin to make good trade". After using 1 week I want to give 5 - star rating to this plug-in.
getzy89
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Thank you for granting me access. Does this not work on the Desktop or iPad apps?
ForexBee
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@getzy89, Greetings It should work seamlessly across all devices which can run tradingview. Please let us know if you face any issue. Thank you