Supply & Demand Zones with Stats by Olympus Cipher
The indicator automatically finds supply and demand zones on any chart and timeframe, draws them, tracks what price does with each one, and shows the results in a small statistics table. It’s built on the base and leg-out structure: a tight consolidation (the base) followed by a strong, explosive candle (the leg-out) that leaves the area.
Demand zone (green): a base followed by a strong bullish leg-out that closes above the base. The idea is that buyers were active there and price may react when it returns.
Supply zone (red): a base followed by a strong bearish leg-out that closes below the base. The idea is that sellers were active there and price may react when it returns.
Proximal line (solid): the edge of the zone closest to the current price. For demand, it’s the top of the base; for supply, it’s the bottom.
Distal line (dashed): the far edge of the zone. For demand, it’s the bottom of the base; for supply, it’s the top. It acts as the invalidation level.
Fresh: the zone has not been revisited. Its lines keep extending to the right.
Tested: price has touched the proximal line. The box and lines turn gray, and the lines stop extending.
Worked: the zone was tested, and price then reached the 1:1 reward-to-risk target. The target is the same distance beyond the proximal line as the zone’s height.
Failed: price broke through the distal line (a low below it for demand, a high above it for supply). A zone can fail without ever being tested.
If a single bar both breaks the distal and reaches the target, failure takes priority.
The 1:1R is set to just see the accuracy. It's not to use Fixed 1:1R. Depending on your strategy, you can target multiples of your risk.
Performance table
Total Zones: all zones detected on the loaded chart.
Active / Pending: zones not yet worked or failed.
Worked (1RR): zones that were tested and then reached the 1:1 target.
Failed: zones whose distal line was broken.
Accuracy %: Worked ÷ (Worked + Failed) × 100. Active zones are not counted.
Settings
Base Consolidation Rules: min and max base candles, and the maximum base body-to-range ratio.
Explosive Departure Rules: the minimum leg-out body-to-range ratio, the leg-out range multiple versus the average base range, and the number of sustained departure candles.
Visual Settings: toggles for proximal/distal lines and labels, plus custom colors for demand, supply, and tested zones (fill and line).
Performance Dashboard: show or hide the table.
How to use it
Use the zones as areas of interest, to be combined with your own analysis such as market structure, higher-timeframe context, volume, or risk management.
Fresh zones that price hasn’t revisited are usually considered the most relevant.
Different symbols and timeframes behave differently, so adjust the base and leg-out settings to the market you trade.
Tighter leg-out settings (a higher range multiple or body ratio) give fewer, more selective zones. Looser settings give more zones.
Disclaimer
This indicator is for educational and informational purposes only and is not financial advice. Trading involves significant risk, and past results do not guarantee future results. Always do your own research and manage your risk.
This script is open source under the Mozilla Public License 2.0. You’re free to study, use, and build on it under that license’s terms.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.