Strong Buy/Sell with Demand/Supply and Volume Highlight

Strong Buy/Sell with Demand/Supply and Volume Highlight

This indicator combines key technical elements to provide traders with robust buy and sell signals while highlighting significant market zones and volume trends. It's designed for traders seeking clarity and precision in their decision-making process.

Features:
Dynamic Buy/Sell Signals:

Utilizes the crossover of a fast EMA (default: 9) and a slow EMA (default: 21) to generate reliable buy and sell signals.
Buy signals are marked with green upward labels, while sell signals are marked with red downward labels.
Demand and Supply Zone Detection:

Automatically plots demand (support) and supply (resistance) zones based on recent price movements when buy or sell signals are triggered.
Zones are visually marked with lines for quick identification of key price levels.
Volume Analysis:

Highlights candles with high volume relative to the average 20-period volume (adjustable via the volume multiplier input).
High-volume bullish candles are marked green, and bearish candles are marked red, allowing traders to spot significant market activity instantly.
Inputs:
EMA Periods: Customizable fast and slow EMA settings to adjust signal sensitivity.
Demand/Supply Zones: Option to toggle the visibility of demand and supply levels.
Volume Multiplier: Control the threshold for detecting high-volume candles.
How to Use:
Buy Opportunities: Look for buy signals when the fast EMA crosses above the slow EMA, supported by demand zones and high volume.
Sell Opportunities: Observe sell signals when the fast EMA crosses below the slow EMA, reinforced by supply zones and bearish high-volume candles.
Combine this indicator with your trading strategy to enhance decision-making and improve trade timing.
This indicator is suitable for multiple timeframes and markets, making it a versatile tool for scalpers, day traders, and swing traders.