Updated
Zone Trading Indicator [Anupam Anand]
The strategy is based on a 3-candle structure:
1. Legin Candle → strong directional move into consolidation
2. Boring Candle → low-volatility base candle representing unfilled institutional orders
3. Legout Candle → explosive imbalance candle confirming institutional participation
The boring candle becomes the institutional supply/demand zone.
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Candle Structure Requirements
1. Boring Candle (Base Candle)
This is the most important candle in the structure.
Requirements
True Range (TR) must be less than ATR
Small-range, low-volatility candle
Must contain upper and lower wicks
Preferably:
Green candle for Demand zones
Red candle for Supply zones
The candle should visually represent consolidation/absorption
Gap Requirement (Critical)
The boring candle must have an unfilled gap relative to the legout candle.
1. Legin Candle → strong directional move into consolidation
2. Boring Candle → low-volatility base candle representing unfilled institutional orders
3. Legout Candle → explosive imbalance candle confirming institutional participation
The boring candle becomes the institutional supply/demand zone.
---
Candle Structure Requirements
1. Boring Candle (Base Candle)
This is the most important candle in the structure.
Requirements
True Range (TR) must be less than ATR
Small-range, low-volatility candle
Must contain upper and lower wicks
Preferably:
Green candle for Demand zones
Red candle for Supply zones
The candle should visually represent consolidation/absorption
Gap Requirement (Critical)
The boring candle must have an unfilled gap relative to the legout candle.
Release Notes
changes made in the gap between legout and boring candle. it will give more balance of zone velidation
equinivesh
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.
equinivesh
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.