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FinFluential Global M2 Money Supply // Days Offset =The "Global M2 Money Supply" indicator calculates and visualizes the combined M2 money supply from multiple countries and regions worldwide, expressed in trillions of USD. M2 is a measure of the money supply that includes cash, checking deposits, and easily convertible near-money assets. This indicator aggregates daily M2 data from various economies, converts them into a common USD base using forex exchange rates, and plots the total as a single line on the chart. It is designed as an overlay indicator aligned to the right scale, making it ideal for comparing global money supply trends with price action or other market data. Key Features Customizable Time Offset: Users can adjust the number of days to shift the M2 data forward or backward (from -1000 to +1000 days) via the indicator settings. This allows for alignment with historical events or forward-looking analysis. Global Coverage Includes: Eurozone: Eurozone M2 (converted via EUR/USD) North America: United States, Canada Non-EU Europe: Switzerland, United Kingdom, Finland, Russia Pacific: New Zealand Asia: China, Taiwan, Hong Kong, India, Japan, Philippines, Singapore Latin America: Brazil, Colombia, Mexico Middle East: United Arab Emirates, Turkey Africa: South Africa

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của Finfluential

VPSA-VTD Dear Sir/Madam, I am pleased to present the next iteration of my indicator concept, which, in my opinion, serves as a highly useful tool for analyzing markets using the Volume Spread Analysis (VSA) method or the Wyckoff methodology. The VPSA (Volume-Price Spread Analysis), the latest version in the family of scripts I’ve developed, appears to perform its task effectively. The combination of visualizing normalized data alongside their significance, achieved through the application of Z-Score standardization, proved to be a sound solution. Therefore, I decided to take it a step further and expand my project with a complementary approach to the existing one. Theory At the outset, I want to acknowledge that I’m aware of the existence of other probabilistic models used in financial markets, which may describe these phenomena more accurately. However, in line with Occam's Razor, I aimed to maintain simplicity in the analysis and interpretation of the concepts below. For this reason, I focused on describing the data using the Gaussian distribution. The data I read from the chart — primarily the closing price, the high-low price difference (spread), and volume — exhibit cyclical patterns. These cycles are described by Wyckoff's methodology, while VSA complements and presents them from a different perspective. I will refrain from explaining these methods in depth due to their complexity and broad scope. What matters is that within these cycles, various events occur, described by candles or bars in distinct ways, characterized by different spreads and volumes. When observing the chart, I notice periods of lower volatility, often accompanied by lower volumes, as well as periods of high volatility and significant volumes. It’s important to find harmony within this apparent chaos. I think that chart interpretation cannot happen without considering the broader context, but the more variables I include in the analytical process, the more challenges arise. For instance, how can I determine if something is large (wide) or small (narrow)? For elements like volume or spread, my script provides a partial answer to this question. Now, let’s get to the point. Technical Overview The first technique I applied is Min-Max Normalization. With its help, the script adjusts volume and spread values to a range between 0 and 1. This allows for a comparable bar chart, where a wide bar represents volume, and a narrow one represents spread. Without normalization, visually comparing values that differ by several orders of magnitude would be inconvenient. If the indicator shows that one bar has a unit spread value while another has half that value, it means the first bar is twice as large. The ratio is preserved. The second technique I used is Z-Score Standardization. This concept is based on the normal distribution, characterized by variables such as the mean and standard deviation, which measures data dispersion around the mean. The Z-Score indicates how many standard deviations a given value deviates from the population mean. The higher the Z-Score, the more the examined object deviates from the mean. If an object has a Z-Score of 3, it falls within 0.1% of the population, making it a rare occurrence or even an anomaly. In the context of chart analysis, such strong deviations are events like climaxes, which often signal the end of a trend, though not always. In my script, I assigned specific colors to frequently occurring Z-Score values: Below 1 – Blue Above 1 – Green Above 2 – Red Above 3 – Fuchsia These colors are applied to both spread and volume, allowing for quick visual interpretation of data. Volume Trend Detector (VTD) The above forms the foundation of VPSA. However, I have extended the script with a Volume Trend Detector (VTD). The idea is that when I consider market structure - by market structure, I mean the overall chart, support and resistance levels, candles, and patterns typical of spread and volume analysis as well as Wyckoff patterns - I look for price ranges where there is a lack of supply, demand, or clues left behind by Smart Money or the market's enigmatic identity known as the Composite Man. This is essential because, as these clues and behaviors of market participants — expressed through the chart’s dynamics - reflect the actions, decisions, and emotions of all players. These behaviors can help interpret the bull-bear battle and estimate the probability of their next moves, which is one of the key factors for a trader relying on technical analysis to make a trade decision. I enhanced the script with a Volume Trend Detector, which operates in two modes: Step-by-Step Logic The detector identifies expected volume dynamics. For instance, when looking for signs of a lack of bullish interest, I focus on setups with decreasing volatility and volume, particularly for bullish candles. These setups are referred to as No Demand patterns, according to Tom Williams' methodology. Simple Moving Average (SMA) The detector can also operate based on a simple moving average, helping to identify systematic trends in declining volume, indicating potential imbalances in market forces. I’ve designed the program to allow the selection of candle types and volume characteristics to which the script will pay particular attention and notify me of specific market conditions. Advantages and Disadvantages Advantages: Unified visualization of normalized spread and volume, saving time and improving efficiency. The use of Z-Score as a consistent and repeatable relative mechanism for marking examined values. The use of colors in visualization as a reference to Z-Score values. The possibility to set up a continuous alert system that monitors the market in real time. The use of EMA (Exponential Moving Average) as a moving average for Z-Score. The goal of these features is to save my time, which is the only truly invaluable resource. Disadvantages: The assumption that the data follows a normal distribution, which may lead to inaccurate interpretations. A fixed analysis period, which may not be perfectly suited to changing market conditions. The use of EMA as a moving average for Z-Score, listed both as an advantage and a disadvantage depending on market context. I have included comments within the code to explain the logic behind each part. For those who seek detailed mathematical formulas, I invite you to explore the code itself. Defining Program Parameters: Numerical Conditions: VPSA Period for Analysis – The number of candles analyzed. Normalized Spread Alert Threshold – The expected normalized spread value; defines how large or small the spread should be, with a range of 0-1.00. Normalized Volume Alert Threshold – The expected normalized volume value; defines how large or small the volume should be, with a range of 0-1.00. Spread Z-SCORE Alert Threshold – The Z-SCORE value for the spread; determines how much the spread deviates from the average, with a range of 0-4 (a higher value can be entered, but from a logical standpoint, exceeding 4 is unnecessary). Volume Z-SCORE Alert Threshold – The Z-SCORE value for volume; determines how much the volume deviates from the average, with a range of 0-4 (the same logical note as above applies). Logical Conditions: Logical conditions describe whether the expected value should be less than or equal to or greater than or equal to the numerical condition. All four parameters accept two possibilities and are analogous to the numerical conditions. Volume Trend Detector: Volume Trend Detector Period for Analysis – The analysis period, indicating the number of candles examined. Method of Trend Determination – The method used to determine the trend. Possible values: Step by Step or SMA. Trend Direction – The expected trend direction. Possible values: Upward or Downward. Candle Type – The type of candle taken into account. Possible values: Bullish, Bearish, or Any. The last available setting is the option to enable a joint alert for VPSA and VTD. When enabled, VPSA will trigger on the last closed candle, regardless of the VTD analysis period. Example Use Cases (Labels Visible in the Script Window Indicate Triggered Alerts): The provided labels in the chart window mark where specific conditions were met and alerts were triggered. Summary and Reflections The program I present is a strong tool in the ongoing "game" with the Composite Man. However, it requires familiarity and understanding of the underlying methodologies to fully utilize its potential. Of course, like any technical analysis tool, it is not without flaws. There is no indicator that serves as a perfect Grail, accurately signaling Buy or Sell in every case. I would like to thank those who have read through my thoughts to the end and are willing to take a closer look at my work by using this script. If you encounter any errors or have suggestions for improvement, please feel free to contact me. I wish you good health and accurately interpreted market structures, leading to successful trades! CatTheTrader

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của CatTheTrader

Support Resistance Major/Minor [TradingFinder] Market Structure 🔵 Introduction Support and resistance levels are key concepts in technical analysis, serving as critical points where prices pause or reverse due to the interaction of supply and demand. These foundational elements in price action and classical technical analysis assist traders in understanding market behavior and making better trading decisions. Support levels are zones where demand is strong enough to prevent further price declines, while resistance levels act as barriers that hinder price increases. Support and resistance levels are divided into two main types: static and dynamic. Static levels are fixed horizontal lines on charts, formed based on historical price points, and are crucial due to repeated price reactions in these areas. Dynamic levels, on the other hand, move with market trends and are often identified using tools like moving averages and trendlines. These levels are particularly useful for analyzing dynamic trends and identifying potential reversal points in financial markets. The importance of support and resistance in technical analysis lies in their ability to pinpoint price reversal or continuation points. Professional traders use these levels to determine optimal entry and exit points and combine them with tools such as Fibonacci retracements or moving averages for precise strategies. Detailed analysis of price behavior at these levels provides insights into trend strength and the likelihood of price breaks or reversals. By understanding these concepts, technical analysts can forecast future price movements and optimize their trading decisions using tools such as indicators and price action. Support and resistance levels, as a cornerstone of technical analysis, form the foundation for many trading strategies. 🔵 How to Use The Static Support and Resistance Indicator is a vital tool for identifying significant price zones in financial markets. It automatically detects major and minor support and resistance levels in both short-term and long-term intervals, enabling traders to analyze price behavior accurately and develop optimal entry and exit strategies. 🟣 Major Long-Term Support and Resistance Major Long-Term Support : The lowest price points recorded over long-term intervals that prevent further declines. Major Long-Term Resistance : The highest price points in long-term intervals that limit further price increases. 🟣 Minor Long-Term Support and Resistance Minor Long-Term Support : Temporary halts in price decline within a downtrend over long-term intervals. Minor Long-Term Resistance : Short-term zones within long-term intervals where prices react negatively in an uptrend. 🟣 Major Short-Term Support and Resistance Major Short-Term Support : The lowest price points in short-term intervals that act as barriers against sharp price drops. Major Short-Term Resistance : The highest points in short-term intervals that prevent further price surges. 🟣 Minor Short-Term Support and Resistance Minor Short-Term Support : Temporary halts in price decline within short-term downtrends. Minor Short-Term Resistance : Zones where price reacts quickly and reverses in short-term uptrends. 🔵 Settings Long Term S&R Pivot Period : Defines the interval for identifying long-term support and resistance levels (default: 21). Short Term S&R Pivot Period : Defines the interval for identifying short-term support and resistance levels (default: 5). 🟣 Long-Term Lines Major Line Display : Enable/disable major long-term lines. Minor Line Display : Enable/disable minor long-term lines. Major Line Colors : Green for support, red for resistance (long-term major levels). Minor Line Colors : Light green for support, light red for resistance (long-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major long-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor long-term levels. Major Line Width : Adjust the thickness of major long-term lines. Minor Line Width : Adjust the thickness of minor long-term lines. 🟣 Short-Term Lines Major Line Display : Enable/disable major short-term lines. Minor Line Display : Enable/disable minor short-term lines. Major Line Colors : Gray-green for support, gray-red for resistance (short-term major levels). Minor Line Colors : Dark green for support, dark red for resistance (short-term minor levels). Major Line Style : Choose between solid, dotted, or dashed lines for major short-term levels. Minor Line Style : Choose between solid, dotted, or dashed lines for minor short-term levels. Major Line Width : Adjust the thickness of major short-term lines. Minor Line Width : Adjust the thickness of minor short-term lines. 🔵 Conclusion Static support and resistance levels are among the most critical tools in technical analysis, helping traders identify key reversal or continuation points. This indicator simplifies and enhances the analysis process by automatically detecting major and minor levels in both short-term and long-term intervals. It allows traders to customize settings to suit their trading strategies and analyze different market levels effectively. Using this indicator improves price action analysis, enhances market understanding, and identifies trading opportunities. Applicable to all trading styles, from day trading to long-term investing, it is an essential tool for technical analysis. Combining this indicator with other tools like trendlines, Fibonacci retracements, and moving averages enables comprehensive analysis and allows traders to navigate financial markets with greater confidence.

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của TradingFinder

Big Money by Chartedhighs Big Money by Chartedhighs Script Overview: The "Big Money" indicator is designed to help traders easily identify significant price movements on their charts. This script visually highlights candles where the price change from open to close exceeds a user-defined threshold. It draws attention to these key moments, providing a clear indication of potential big-money moves in the market. Key Features: Customizable Threshold: Allows users to set a specific price change threshold via the input menu (Highlight Threshold). Only candles with a price change greater than or equal to this value are highlighted. Candle Highlighting: Uses color-coded bars to emphasize candles meeting the threshold condition. Candles are highlighted in yellow for immediate visual clarity. Dynamic Box Annotation: Draws a semi-transparent yellow box around highlighted candles. Extends the box dynamically to subsequent bars, providing an area of interest for continued analysis. Labeling for Key Moments: Automatically adds a label ("BigMoney") above highlighted bars to further indicate significant price action. How It Works: The script calculates the price change for each bar (close - open) and compares it to the user-defined threshold. If the price change meets or exceeds the threshold: The bar color changes to yellow. A box is drawn around the candle to highlight the price movement visually. A label is added above the candle to emphasize its significance. The box extends dynamically until the next highlighted candle, allowing users to track zones of activity. Customization Options: Highlight Threshold: Modify the threshold value to suit your trading style or instrument volatility. Use Case: This indicator is ideal for traders looking to identify significant price movements quickly. It helps to locate areas where "big money" might be flowing into the market, offering potential entry or exit opportunities. How to Use: Add the "Big Money by Chartedhighs" script to your TradingView chart. Set the Highlight Threshold to a value suitable for your market or timeframe. Observe highlighted candles and boxes for potential trading signals or areas of interest. This script is highly visual, intuitive, and customizable, making it a great addition to any trader's toolkit!

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của ChartedHighs

Cumulative Delta [TradingFinder] Volume + Periodic + EMA 🔵 Introduction To fully grasp the concept of Cumulative Volume Delta (CVD), it's essential first to understand Volume Delta. In trading and technical analysis, the term "Delta" typically refers to the difference between two values or the rate of change between two data points. Volume Delta represents the difference between buying and selling pressure, calculated for each candlestick on a chart. This difference can vary across different timeframes. A positive delta indicates that buying volume exceeds selling volume, while a negative delta shows that selling volume is greater. When buying and selling volumes are equal, the volume delta equals zero. 🟣 What is Cumulative Volume Delta (CVD)? Cumulative Volume Delta (CVD) is a powerful tool in technical analysis that aggregates delta values for each candlestick, creating a comprehensive indicator that helps traders assess market trends. Unlike the standard Volume Delta, which compares delta on a candle-by-candle basis, CVD provides insight into the overall buying and selling pressure during key market swings. A downward-trending CVD suggests that selling pressure is dominating, which is typically a bearish signal. Conversely, an upward-trending CVD indicates bullish sentiment. This analysis becomes even more significant when comparing CVD with price action and market structure, helping traders to predict asset price directions. By evaluating market highs and lows, one can determine the market trend. A consistent rise in these points indicates an uptrend, while a consistent fall suggests a downtrend. 🔵 How to Use Understanding how to detect trend changes using Cumulative Volume Delta is crucial for traders. Typically, CVD aligns with market structure, moving in the same direction as price trends. However, divergences between CVD and price trends or signs of exhaustion in volume can be powerful indicators of potential market reversals. Recognizing these patterns can help traders make informed decisions and improve their trading strategies. 🟣 Identifying Trend Exhaustion with Cumulative Volume Delta (CVD) The Cumulative Volume Delta (CVD) indicator is especially effective in identifying weakening trends in the market. For instance, if gold's price hits a new low, but CVD does not follow suit, this may indicate a lack of seller interest despite the new low, signaling potential seller exhaustion. Most traders interpret this as a possible reversal from a bearish to a bullish trend. Similarly, if gold reaches a new high but CVD fails to do the same, it can suggest that buyers lack the strength to push the market higher, indicating a possible trend reversal. 🟣 Utilizing Cumulative Volume Delta (CVD) Divergence in Price Trend Analysis Another effective use of CVD is identifying divergences in price trends. For example, if CVD breaks a previous high or low while the price remains stable, this divergence often indicates that buying or selling pressure is being absorbed. For instance, if CVD rises sharply without a corresponding increase in gold prices, it may suggest that sellers are absorbing the buying pressure, potentially leading to a strong sell-off. Conversely, if gold prices remain stable while CVD declines, it could indicate that buyers are absorbing selling pressure, likely leading to a price increase once selling subsides. 🔵 Setting Cumulative Mode : It has three modes "Total", "Periodic" and "EMA". In "Total" mode, it collects the volume from the beginning to the end. In "Periodic" mode, it accumulates the volume periodically and in "EMA" mode, it calculates the moving average of the volume. Period : You can set the period of " Periodic " and " EMA " modes. Market Ultra Data : If you turn on this feature, 26 large brokers will be included in the calculation of the trading volume. The advantage of this capability is to have more reliable volume data. You should be careful to specify the market you are in, FOREX brokers and Crypto brokers are different. 🔵 Conclusion Cumulative Volume Delta (CVD) is a powerful analytical tool in financial markets that helps analysts and traders assess buying and selling pressure by aggregating and combining the volume delta for each candlestick. CVD can indicate the strength or weakness of a market trend. When CVD moves upward, it signals that buying pressure is dominant and is considered a bullish signal; conversely, a downward movement in CVD indicates that selling pressure is stronger and is viewed as a bearish signal. This indicator is particularly effective in identifying divergences and exhaustion in market trends. For example, if CVD does not align with price movements, it may suggest a potential trend reversal. Traders use this information to make more informed trading decisions, especially when identifying entry and exit points in the market. Overall, CVD is a tool that enables analysts to better understand market fluctuations and more accurately predict future market trends.

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của TradingFinder

Ultra Supply & Demand The "Ultra Supply & Demand" indicator is a sophisticated tool designed for traders looking to analyze market sentiment and potential price movements with a focus on supply and demand dynamics. It overlays on the chart to visually represent areas of supply and demand, providing insights into market liquidity levels and potential reversal points. Dynamic Supply & Demand Zones: Automatically identifies and displays supply and demand zones based on trading volume and price action patterns. These zones are color-coded for easy identification and can be customized according to user preferences. Volume-Based Analysis: Utilizes volume data to calculate supply and demand volumes, offering a deeper understanding of market strength behind these zones. Users can set a threshold for volume to filter out less significant signals. Customizable Liquidation Levels: Offers three predefined liquidation level settings ("1st Touch," "Middle," "Fully") to help traders determine the depth of supply and demand zones. Users can also customize these settings to fit their trading strategy. Real-time Updates: Continuously updates supply and demand zones as new bars form, ensuring that the information remains current and relevant throughout the trading session. User-friendly Interface: Provides clear visual cues through color coding and labels, making it easier for traders to interpret the market conditions at a glance. Volume data can be displayed alongside the zones for added context. Usage Instructions: Add the Ultra Supply & Demand indicator to your chart. Customize the indicator settings according to your trading style and preferences, including the display of volume, liquidation levels, and color schemes. Observe the supply and demand zones on the chart. Look for divergences between price action and the indicator's zones as potential trade setups. Combine the indicator with other technical analysis tools and indicators to confirm trade signals and enhance your decision-making process.

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Swing Trend Analysis Introducing the Swing Trend Analyzer: A Powerful Tool for Swing and Positional Trading The Swing Trend Analyzer is a cutting-edge indicator designed to enhance your swing and positional trading by providing precise entry points based on volatility contraction patterns and other key technical signals. This versatile tool is packed with features that cater to traders of all timeframes, offering flexibility, clarity, and actionable insights. Key Features: 1. Adaptive Moving Averages: The Swing Trend Analyzer offers multiple moving averages tailored to the timeframe you are trading on. On the daily chart, you can select up to four different moving average lengths, while all other timeframes provide three moving averages. This flexibility allows you to fine-tune your analysis according to your trading strategy. Disabling a moving average is as simple as setting its value to zero, making it easy to customize the indicator to your needs. 2. Dynamic Moving Average Colors Based on Relative Strength: This feature allows you to compare the performance of the current ticker against a major index or any symbol of your choice. The moving average will change color based on whether the ticker is outperforming or underperforming the selected index over the chosen period. For example, on a daily chart, if the 21-day moving average turns blue, it indicates that the ticker has outperformed the selected index over the last 21 days. This visual cue helps you quickly identify relative strength, a key factor in successful swing trading. 3. Visual Identification of Price Contractions: The Swing Trend Analyzer changes the color of price bars to white (on a dark theme) or black (on a light theme) when a contraction in price is detected. Price contractions are highlighted when either of the following conditions is met: a) the current bar is an inside bar, or b) the price range of the current bar is less than the 14-period Average Daily Range (ADR). This feature makes it easier to spot price contractions across all timeframes, which is crucial for timing entries in swing trading. 4. Overhead Supply Detection with Automated Resistance Lines: The indicator intelligently detects the presence of overhead supply and draws a single resistance line to avoid clutter on the chart. As price breaches the resistance line, the old line is automatically deleted, and a new resistance line is drawn at the appropriate level. This helps you focus on the most relevant resistance levels, reducing noise and improving decision-making. 5. Buyable Gap Up Marker: The indicator highlights bars in blue when a candle opens with a gap that remains unfilled. These bars are potential Buyable Gap Up (BGU) candidates, signaling opportunities for long-side entries. 6. Comprehensive Swing Trading Information Table: The indicator includes a detailed table that provides essential data for swing trading: a. Sector and Industry Information: Understand the sector and industry of the ticker to identify stocks within strong sectors. b. Key Moving Averages Distances (10MA, 21MA, 50MA, 200MA): Quickly assess how far the current price is from key moving averages. The color coding indicates whether the price is near or far from these averages, offering vital visual cues. c. Price Range Analysis: Compare the current bar's price range with the previous bar's range to spot contraction patterns. d. ADR (20, 10, 5): Displays the Average Daily Range over the last 20, 10, and 5 periods, crucial for identifying contraction patterns. On the weekly chart, the ADR continues to provide daily chart information. e. 52-Week High/Low Data: Shows how close the stock is to its 52-week high or low, with color coding to highlight proximity, aiding in the identification of potential breakout or breakdown candidates. f. 3-Month Price Gain: See the price gain over the last three months, which helps identify stocks with recent momentum. 7. Pocket Pivot Detection with Visual Markers: Pocket pivots are a powerful bullish signal, especially relevant for swing trading. Pocket pivots are crucial for swing trading and are effective across all timeframes. The indicator marks pocket pivots with circular markers below the price bar: a. 10-Day Pocket Pivot: Identified when the volume exceeds the maximum selling volume of the last 10 days. These are marked with a blue circle. b. 5-Day Pocket Pivot: Identified when the volume exceeds the maximum selling volume of the last 5 days. These are marked with a green circle. The Swing Trend Analyzer is designed to provide traders with the tools they need to succeed in swing and positional trading. Whether you're looking for precise entry points, analyzing relative strength, or identifying key price contractions, this indicator has you covered. Experience the power of advanced technical analysis with the Swing Trend Analyzer and take your trading to the next level.

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của PrasadJoshi12

Supply and Demand Strategy Overview This strategy is designed to identify key supply (resistance) and demand (support) zones on a price chart. These zones represent areas where the price has historically shown a significant reaction, either bouncing up from a demand zone or dropping down from a supply zone. The strategy provides clear entry and exit points for trades based on these zones. Key Components Supply and Demand Zones: Supply Zone: An area where the price has reversed from an uptrend to a downtrend. It represents a high concentration of sellers. Demand Zone: An area where the price has reversed from a downtrend to an uptrend. It represents a high concentration of buyers. Time Frames: Use higher time frames (like daily or weekly) to identify key supply and demand zones. Use lower time frames (like 1-hour or 4-hour) to pinpoint precise entry and exit points within these zones. Confirmation: Use price action and candlestick patterns (like pin bars or engulfing patterns) to confirm potential reversals in these zones.

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của mohammadhasanmohammadi

Supply & Demand (MTF) | Flux Charts 💎 GENERAL OVERVIEW Introducing our new Supply and Demand (MTF) Indicator! This new indicator renders Supply and Demand zones based on momentum candles. It can detect Supply and Demand zones across up to 3 diferent timeframes. It's capable of combining zones, retest & break labels and it's customizable with invalidation and style settings. Features of the new Supply and Demand (MTF) Indicator: Renders Supply and Demand Zones Across 3 Timeframes Combination Of Overlapping Zones Retest & Break Labels Retest & Break Alerts Enable / Disable Historic Zones Visual Customizability 📌 HOW DOES IT WORK ? Supply and Demand is a key concept in trading. It helps traders see the zones that market-makers buy & sell the asset in large amounts. It's detected by finding momentum candles (candles that have large bodies) in a row. Momentum candles are defined to have a larger body than the average candle in the chart, and at least 4 of them in a row is required to draw a supply or demand zone. The zone is drawn from the high wick to low wick of two candles before the first momentum candle in the row. Check this example : These zones are usually where market makers trade the asset in larger amounts. Thus, they act as support & resistance zones by their nature. A retest of these zones can make the price bounce to the opposite direction, while a breakout usually means strong price action momentum is incoming in that direction. Supply zones indicate bearish momentum while demand zones indicate bullish momentum. Check this example : Here a Supply Zone (Bearish) forms. Then price comes back up to test the zone, and it fails to break. After the failed attemp, a stong bearish momentum takes the price back to a lower level. Then another test of the zone occurs and successfully breaks the zone this time. This breakout starts a bullish momentum that takes the price to a higher level. 🚩UNIQUENESS This indicator provides Supply and Demand zones in your chart with pure simplicity. It supports up to 3 different timeframes as we believe supporting your trades with higher timeframes can improve your trading experience. It also gets rid of complexity by combining overlapping zones into a single zone, even if they are from different timeframes! You can also set-up alerts to get notified when a supply or demand zone is being retested, or is broken. Overall, this indicator is the ultimate kit for supply and demand zones. ⚙️SETTINGS 1. General Configuration Max Distance To Last Bar -> The maximum distance that the indicator will render supply and demand zones from. Higher settings mean rendering older supply and demand zones. Zone Invalidation -> Select between Wick & Close price for Supply and Demand Zone Invalidation. Retests & Breaks -> Enable retest & break labels in your chart. Show Historic Zones -> This will show historic supply & demand zones which are invalidated if enabled. You can disable this to only see active supply and demand zones for a simpler chart. 2. Timeframes You can set up to 3 different timeframes and enable / disable them using the checkboxes in this section.

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của fluxchart

Indecisive and Explosive Candles The Explosive & Base Candle with Gaps Identifier is an indicator designed to enhance your market analysis by identifying critical candle types and gaps in price action. This tool aids traders in pinpointing zones of significant buyer-seller interaction and potential institutional activity, providing valuable insights for strategic trading decisions. Main Features: Base Candle Identification: This feature detects Base candles, also known as indecisive candles, within the price action. A Base candle is characterized by a body (the difference between the close and open prices) that is less than or equal to 50% of its total range (the difference between the high and low prices). These candles mark zones where buyers and sellers are evenly matched, highlighting areas of potential support and resistance. Explosive Candle Identification: The indicator identifies Explosive candles, which are indicative of strong market moves often driven by institutional activity. An Explosive candle is defined by a body that is greater than 70% of its total range. Recognizing these candles helps traders spot significant momentum and potential breakout points. Supply and Demand Zone Identification: Both Base and Explosive candles are essential for identifying supply and demand zones within the price action. These zones are crucial for traders to place their trades based on the likelihood of price reversals or continuations. Gap Detection: The indicator also detects gaps, defined as the difference between the close price of one candle and the open price of the next. Gaps are significant because prices often return to these levels to "fill the gap," providing opportunities for traders to predict price movements and place strategic trades. Visual Markings and Alerts: The indicator visually marks Base and Explosive candles as well as gaps directly on the chart, making them easily identifiable at a glance. Traders can also set customizable alerts to notify them when these key candle types and gaps appear, ensuring they never miss an important trading opportunity. Customizable Settings: Tailor the indicator’s settings to match your trading style and preferences. Adjust the criteria for Base and Explosive candles, as well as how gaps are detected and displayed, to suit your specific analysis needs. How to Use: Add the Indicator: Apply the Explosive & Base Candle with Gaps Identifier to your TradingView chart. Analyze Identified Zones: Observe the marked Base and Explosive candles and gaps to identify key areas of support, resistance, and potential price reversals or continuations. Set Alerts: Customize and set alerts for the detection of Base candles, Explosive candles, and gaps to stay informed of critical market movements in real-time. Integrate with Your Strategy: Use the insights provided by the indicator to enhance your existing trading strategy, improving your entry and exit points based on the identified supply and demand zones. The Explosive & Base Candle with Gaps Identifier is an invaluable tool for traders aiming to refine their market analysis and make more informed trading decisions. By identifying critical areas of price action, this indicator supports traders in navigating the complexities of the financial markets with greater precision and confidence.

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Indecisive Candles An Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market. To calculate whether a candle qualifies as an indecisive candle based on the criterion that its body (the absolute difference between its open and close prices) is less than or equal to 50% of the total range of the candle (the difference between its high and low prices). Key Features: Small Real Body: Signifies minimal movement from open to close, indicating market indecision. Long Upper and Lower Wicks: Show that both bulls and bears attempted to control the price, but neither succeeded, leading to a standoff. Formation Context: Typically found at the end of a strong trend or within a consolidation phase, hinting at a potential reversal or continuation pattern. Usage in Identifying Institutional Supply and Demand: Supply Zones: When an Indecisive Candle forms after a rally, it can mark the onset of an institutional supply zone, suggesting that large entities are starting to sell, leading to potential downward pressure. Demand Zones: Conversely, when this candle appears after a downtrend, it often signals the emergence of a demand zone, where institutions begin to accumulate, anticipating a price increase. Trading Strategies: Zone Identification: Use Indecisive Candles to pinpoint key supply and demand zones on your chart, enhancing the accuracy of your support and resistance levels. Confirmation: Look for confirmation from subsequent price action or volume spikes to validate the presence of institutional activity before making trading decisions. Risk Management: Place stop-loss orders beyond the wicks of these candles to protect against false breakouts or continued indecision. Conclusion: Indecisive Candles are essential tools for traders looking to understand market sentiment and institutional behavior. By mastering their identification and interpretation, you can enhance your ability to spot high-probability trading opportunities and manage risks effectively.

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SMC Fake Zones + InsideBar This indicator is useful for whom trade with "Smart Money Concept (SMC)" strategy. It helps SMD traders to identify fake or weak zones in the chart, So they can avoid taking position in this zones. This indicator marks "Asia session" as well as "London and New York's Lunch Time (one hour before London and NY session starts)" zones. It also marks Inside Bar candles which SMC trades consider as order flow. You can mark every Inside Bar or only those with opposite color via setting options. *** As we know in SMC rules 1- Supply and Demand zones in "Asia session and Lunch Times" are fake zones for SMC trading and price will engulf them in most of times. 2- "Asia session high and low" has huge liquidity and usually price sweep that in London session. This indicator will helps traders to visually identify those Fake zones and Asia session liquidity. * You can change session times based on your time zone in settings. * You can set options to show all Inside Bars or only with Opposite color in settings.

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của UnknownUnicorn2078160

Institutional Supply and Demand Zones This indicator aims to identify price levels where institutional investors have positioned their buy or sell orders. These buy orders establish "demand zones," while sell orders create "supply zones." Identifying these zones enables us to anticipate potential reversals in price trends, allowing us to profitably engage in these significant market movements alongside major institutions. These zones are formed when price action goes from balanced to imbalanced. These zones are based on orders. Unlike standard support and resistance levels, when price breaks below a demand zone or above a supply zone, these zones disappear from the chart. Supply is formed by a green candle followed by a major red candle that is at least double the size of previous green candle. The zone is then charted from the open of the green candle to the highest point in the candle. Vice versa for a demand zone (red into green). These zones are traded by: 1. Look for a volume spike in a zone 2. A trend/trendline break out of the zone

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Delta Zones Buy/Sell Pressure Script Description: Delta Zones Buy/Sell Pressure Indicator Description: The "Delta Zones Buy/Sell Pressure" indicator, created by the original author "scarf", is a technical tool that unveils key areas of buying and selling pressure in the market. This indicator utilizes the concept of Delta, calculating differences between open, close, high, and low prices. When these differences exceed a threshold determined by the user-defined standard deviation, areas of intense buying (indicated by green boxes) and selling pressure (indicated by red boxes) on the chart are identified. How It Works: The indicator calculates Delta using various combinations of candle prices to determine buying and selling pressure. When Delta surpasses a certain level, indicated by the user-defined standard deviation, visual signals in the form of boxes on the chart are generated. These boxes highlight specific areas where buying or selling pressure is particularly strong, aiding traders in identifying potential entry and exit points in the market. How to Use: * When a green box is drawn, it indicates strong buying pressure in the market. This can be interpreted as a signal to consider long positions. * When a red box is drawn, it indicates strong selling pressure in the market. This can be interpreted as a signal to consider short positions. * Use these signals in combination with your own analysis and risk management strategies to make informed trading decisions. Originality: What makes this indicator original is its unique approach to identifying specific areas of buying and selling pressure. By calculating Delta in multiple ways and utilizing standard deviation as a filter, this indicator provides clear and concise visual signals about market activity. The combination of these features distinguishes it as a valuable tool for traders seeking a better understanding of market behavior. This modification differs from the original by displaying the information on the price chart with horizontal bars, below each delta, instead of an oscillator at the bottom similar to the volume indicator. Final Recommendations: Consider Market Trends: Before making any trading decisions using the Delta Zones Buy/Sell Pressure Indicator, it is crucial to analyze the prevailing market trends. Assess the overall direction of the market, whether it's trending upward, downward, or moving sideways. Align your trades with the dominant trend to increase the probability of successful outcomes. The indicator's signals can be more reliable when they align with the broader market trend. Evaluate Macro-Economic Factors: Additionally, take into account macro-economic factors that could influence price movements. Factors such as economic indicators, geopolitical events, interest rate decisions, and global market sentiments can significantly impact the financial markets. Stay updated with relevant news and economic reports to anticipate potential market shifts. Understanding the broader economic context can help you interpret the indicator's signals within a more informed framework. Practice Risk Management: Regardless of the signals provided by the Delta Zones Buy/Sell Pressure Indicator, always implement effective risk management strategies. This includes setting stop-loss orders, diversifying your portfolio, and only risking a small percentage of your trading capital on each trade. By managing your risk, you can protect your investments and ensure longevity in the market, even during volatile periods. Continuous Learning and Adaptation: Financial markets are dynamic and constantly evolving. Continuously educate yourself about new trading strategies, technical analysis tools, and economic developments. Stay open to adapting your trading approach based on changing market conditions. Regularly reviewing your trading strategy and adjusting it according to your experiences and market feedback can significantly enhance your trading performance over the long term. Seek Professional Advice if Necessary: If you are uncertain about specific market trends, indicators, or economic factors, don't hesitate to seek guidance from financial advisors or professionals. Their expertise can provide valuable insights and help you make well-informed decisions, especially in complex or uncertain market environments. By incorporating these recommendations into your trading approach, you can enhance your decision-making process, mitigate risks, and increase your overall chances of successful trading outcomes. Remember, the key to successful trading lies not only in the tools you use but also in your ability to interpret them within the broader market context.

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của NathanTradeus

Supply and Demand Anchored [LuxAlgo]The Supply and Demand Anchored indicator is an anchored version of the popular Supply and Demand Visible Range indicator. Once adding the indicator to the chart, users need to manually select the starting and ending points for the indicator's calculation. The estimated supply/demand zones are then extended. 🔶 USAGE The proposed indicator makes use of the same method highlighted in previous posts (see related scripts section below) to estimate supply and demand zones. When adding the indicator to the chart, users will be prompted to select a starting and ending point for the calculation of the supply and demand zones, click on your chart to select those points. Once calculated, each zone/level will be extended to the right of the chart. These can be used as support/resistance zones. Clicking on one of the graphical elements of the indicator or the indicator title will highlight the starting and ending calculation points, these can be dragged to be set at different locations. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. 🔶 RELATED SCRIPTS

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Incomplete Session Candle - Incomplete Timeframe Candle Marker The "Incomplete Session Candle - Incomplete Timeframe Candle Marker" is an advanced tool tailored for technical analysts who understand the importance of accurate timeframes in their charting. While the indicator is not limited to the Indian market, its genesis is rooted in the nuances of trading sessions like those in India, which span 375 minutes from 9:15 AM to 3:30 PM. Key Features: Detects if the current timeframe is intraday (minutes or hours). Calculates the expected duration of the candle for the chosen timeframe. Highlights candles that don't achieve their expected session duration by placing a cross shape above the bar. Compatible across various intraday timeframes, aiding traders in spotting discrepancies promptly. Why We Made This: Not Just for India: While we looked at the Indian market, this indicator works everywhere. Regular timeframes like 30 minutes, 1 hour, and 2 hours often end with incomplete candles, especially at the end of the trading day. For example: A 30-minute timeframe makes 13 candles, but the last one is only 15 minutes long. A 1-hour timeframe shows 7 candles, but the last one is just the last 15 minutes. By switching to different timeframes like 25 minutes, 75 minutes, and 125 minutes, you get more complete information for better trading decisions. Learn more about this in our article: "Power of 25, 75, and 125-Minute Timeframes in the Indian Market", recognized by Trading View's Editors' Pick. Benefits: The indicator extends its benefits even to users without access to certain timeframes. It accommodates traders using a 1-hour timeframe (pertaining to Indian traders). By employing this indicator, traders consistently remain mindful of incomplete candles within their chosen timeframe For those who utilize concepts like RBR, RBD, DBR, and DBD, this indicator is paramount. An incomplete candle can skew analysis, leading to potential misinterpretations of base or leg candles. Final thoughts: In markets like the Indian stock market, adopting such a tool is not just beneficial, but necessary. Whether you have access to unconventional timeframes or are using traditional ones, recognizing and accounting for the limitations of incomplete candles is critical & it's important to know if your candles fit the timeframe properly. This indicator gives you a better view of the market, which helps you make smarter trades. Lastly, Thank you for your support! Your likes & comments. If you want to give any feedback then you can give in comment section. Let's conquer the markets together!

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của AfnanTAjuddin

Developing Market Profile / TPO [Honestcowboy]The Developing Market Profile Indicator aims to broaden the horizon of Market Profile / TPO research and trading. While standard Market Profiles aim is to show where PRICE is in relation to TIME on a previous session (usually a day). Developing Market Profile will change bar by bar and display PRICE in relation to TIME for a user specified number of past bars. What is a market profile? "Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices." For education on market profiles I recommend you search the net and study some profitable traders who use it. Key Differences Does not have a value area but distinguishes each column in relation to the biggest column in percentage terms. Updates bar by bar Does not take sessions into account Shows historical values for each bar While there is an entire education system build around Market Profiles they usually focus on a daily profile and in some cases how the value area develops during the day (there are indicators showing the developing value area). The idea of trading based on a developing value area is what inspired me to build the Developing Market Profile. 🟦 CALCULATION Think of this Developing Market Profile the same way as you would think of a moving average. On each bar it will lookback 200 bars (or as user specified) and calculate a Market Profile from those bars (range). 🔹Market Profile gets calculated using these steps: Get the highest high and lowest low of the price range. Separate that range into user specified amount of price zones (all spaced evenly) Loop through the ranges bars and on each bar check in which price zones price was, then add +1 to the zones price was in (we do this using the OccurenceArray) After it looped through all bars in the range it will draw columns for each price zone (using boxes) and make them as wide as the OccurenceArray dictates in number of bars 🔹Coloring each column: The script will find the biggest column in the Profile and use that as a reference for all other columns. It will then decide for each column individually how big it is in % compared to the biggest column. It will use that percentage to decide which color to give it, top 20% will be red, top 40% purple, top 60% blue, top 80% green and all the rest yellow. The user is able to adjust these numbers for further customisation. The historical display of the profiles uses plotchar() and will not only use the color of the column at that time but the % rating will also decide transparancy for further detail when analysing how the profiles developed over time. Each of those historical profiles is calculated using its own 200 past bars. This makes the script very heavy and that is why it includes optimisation settings, more info below. 🟦 USAGE My general idea of the markets is that they are ever changing and that in studying that changing behaviour a good trader is able to distinguish new behaviour from old behaviour and adapt his approach before losing traders "weak hands" do. A Market Profile can visually show a trader what kind of market environment we currently are in. In training this visual feedback helps traders remember past market environments and how the market behaved during these times. Use the history shown using plotchars in colors to get an idea of how the Market Profile looked at each bar of the chart. This history will help in studying how price moves at different stages of the Market Profile development. I'm in no way an expert in trading Market Profiles so take this information with a grain of salt. Below an idea of how I would trade using this indicator: 🟦 SETTINGS 🔹MARKET PROFILING Lookback: The amount of bars the Market Profile will look in the past to calculate where price has been the most in that range Resolution: This is the amount of columns the Market Profile will have. These columns are calculated using the highest and lowest point price has been for the lookback period Resolution is limited to a maximum of 32 because of pinescript plotting limits (64). Each plotchar() because of using variable colors takes up 2 of these slots 🔹VISUAL SETTINGS Profile Distance From Chart: The amount of bars the market profile will be offset from the current bar Border width (MP): The line thickness of the Market Profile column borders Character: This is the character the history will use to show past profiles, default is a square. Color theme: You can pick 5 colors from biggest column of the Profile to smallest column of the profile. Numbers: these are for % to decide column color. So on default top 20% will be red, top 40% purple... Always use these in descending order Show Market Profile: This setting will enable/disable the current Market Profile (columns on right side of current bar) Show Profile History: This setting will enable/disable the Profile History which are the colored characters you see on each bar 🔹OPTIMISATION AND DEBUGGING Calculate from here: The Market Profile will only start to calculate bar by bar from this point. Setting is needed to optimise loading time and quite frankly without it the script would probably exceed tradingview loading time limits. Min Size: This setting is there to avoid visual bugs in the script. Scaling the chart there can be issues where the Market Profile extends all the way to 0. To avoid this use a minimum size bigger than the bugged bottom box

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của Honestcowboy

Supply and Demand Daily [LuxAlgo]The Supply and Demand Daily indicator displays daily supply and demand areas on the user's chart. These areas are constructed using the market data within a previous daily interval. This script makes use of the same logic as our previous Supply and Demand Visible Range indicator . 🔶 USAGE The supply/demand areas & levels displayed by the indicator aim to provide potential support/resistance levels for users. Supply areas highlight where buyers are willing to exit the market and sell the asset, thus providing resistance and potentially causing prices to reverse or bounce back downwards, while demand areas highlights where buyers were willing to purchase the asset, thus providing support and potentially causing prices to reverse or bounce back upwards. Historical areas allow the user to study the evolution of supply/demand from one day to another. Wider areas highlight prices avoiding reverting to this area, while thinner areas highlight prices returning more frequently to them. Trends can be determined by looking at the price position relative to the previous day's supply/demand areas. Price breaking down from the demand zone is indicative of a downtrend, while price breaking above the supply zone is indicative of an uptrend. Pullback/throwback scenarios can also be common using this indicator. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. 🔶 RELATED SCRIPTS

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Supply and Demand Based Pattern [RH]This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading opportunities. On the other hand, the DBD pattern comprises a drop (downward movement), followed by a base, and then another drop. It indicates that the downward momentum might continue, offering potential shorting opportunities. Bullish(RBR) example: Bearish(DBD) example: 1. The bullish (RBR) and bearish (DBD) patterns share the same underlying logic, only differing in their directionality. 2. For both RBR and DBD patterns, the first rise/drop can consist of one or multiple candles. However, in the case of multiple candles, all candles must exhibit a bullish nature for RBR and a bearish nature for DBD. Example: 3. It is a prerequisite for the first rise/drop to include at least one candle with a defined percentage of health, as determined by the user. 4. The base, following the first rise/drop, may comprise one or multiple candles. Example: 5. To maintain consistency, the base is not allowed to retrace beyond 80%, although this value can be adjusted by the user. 6. Similar to the first rise/drop, the second rise/drop in both RBR and DBD patterns can consist of one or multiple candles. However, all candles within this phase must demonstrate a bullish nature for RBR and a bearish nature for DBD. 7. Confirmation of the bullish (RBR) pattern occurs when a candle closes above the high of the first rise. Conversely, the bearish (DBD) pattern is confirmed when a candle closes below the low of the first drop. Example: Alerts can be set for all bullish and bearish pattern or for the first pattern in the range of similar pattern.

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của HasanRifat

Intraday Intensity Modes Intraday Intensity Index was created by David Bostian and its use was later featured by John Bollinger in his book "Bollinger on Bollinger Bands" . It is categorically a volume indicator and considered to be a useful tool for analyzing supply and demand dynamics in the market. By measuring the level of buying and selling pressure within a given trading session it attempts to provide insights into the strength of market participants' interest and their aggressiveness in executing trades throughout the day. It can be used in conjunction with Bollinger Bands® or other envelope type indicators as a complimentary indicator to aid in trying to identify potential turning points or trends. Intraday intensity is calculated based upon the relationship between the price change and the volume of shares traded during each daily interval. It aims to capture the level of buying or selling activity relative to the overall volume. A high intraday intensity value suggests a higher level of buying or selling pressure, indicating a more active and potentially volatile market. Conversely, a low intraday intensity value indicates less pronounced trading activity and a potentially quieter market. Overall, intraday intensity provides a concise description of the intensity of trading activity during a particular trading session, giving traders an additional perspective on market dynamics. Note that because the calculation uses volume this indicator will only work on symbols where volume is available. While there are pre-existing versions within community scripts, none were found to have applied the calculations necessary for the various modes that are presented within this version, which are believed to be operating in the manner originally intended when first described by Bostian and again later by Bollinger. When operating in default modes on daily or lower chart timeframes the logic used within this script tracks the intraday high, low, close and volume for the day with each progressing intraday bar. The BB indicator was included on the top main chart to help illustrate example usage as described below. The Intraday Intensity Modes indicator is pictured operating in three different modes beneath the main chart: • The top pane beneath the main chart shows the indicator operating as a normalized 21 day II% oscillator. A potential use while in this mode would be to look for positive values as potential confirmation of strength when price tags the upper or lower Bollinger bands, and to look for negative values as potential confirmation of weakness when price tags the upper or lower Bollinger bands. • The middle pane shows the indicator operating as an "open ended" cumulative sum of II. A potential use while in this mode would be to look for convergence or divergence of trend when price is making new highs or lows, or while price is walking the upper or lower Bollinger bands. • The bottom pane shows the indicator operating in standard III mode, which provides independent values per session. Indicator Settings: Inputs tab: Osc Length : Set to 1 disables oscillation, values greater than 1 enables oscillation for II% (Intraday Intensity percent) mode. Tootip : Hover mouse over (i) to show recommended example Settings for various modes. Cumulative : When enabled values are cumulatively summed for the entire chart and indicator operates in II mode. Normalized : When enabled a rolling window of Osc Length values are summed and normalized to the rolling window's volume. Intrabar : When enabled price range and volume are evaluated for intensity per bar instead of per day which is a departure from the original concept. Whenever this setting is enabled the indicator should be regarded as operating in an experimental mode. Colors For Up Down : Sets the plot colors used, may be overridden in Settings:Style tab. Styles / Width : Sets the plot style and width used, may be overridden in Settings:Style tab. This indicator is designed to work with any chart timeframe, with the understanding that when used on timeframes higher than daily the indicator becomes "IntraPeriod" intensity, for example on weekly bars it would be "IntraWeek" intensity. On Daily or lower timeframes the indicator operates as "IntraDay" intensity and is being updated on each bar as each day progresses. If the experimental setting Intrabar is enabled then the indicator operates as "IntraBar" intensity and is no longer constrained to daily or higher evaluations, for example with Intrabar enabled on a 4H timeframe the indicator would operate as "Intra4H" intensity. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!

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của allanster

Supply and Demand This is a "Supply and Demand" script designed to help traders spot potential levels of supply (resistance) and demand (support) in the market by identifying pivot points from past price action. Differences from Other Scripts: Unlike many pivot point scripts, this one offers a greater degree of customization and flexibility, allowing users to determine how many ranges of pivot points they wish to plot (up to 10), as well as the number of the most recent ranges to display. Furthermore, it allows users to restrict the plotting of pivot points to specific timeframes (15 minutes, 30 minutes, 1 hour, 4 hours, and daily) using a toggle input. This is useful for traders who wish to focus on these popular trading timeframes. This script also uses the color.new function for a more transparent plotting, which is not commonly used in many scripts. How to Use: The script provides two user inputs: "Number of Ranges to Plot (1-10)": This determines how many 10-bar ranges of pivot points the script will calculate and potentially plot. "Number of Last Ranges to Show (1-?)": This determines how many of the most recent ranges will be displayed on the chart. "Limit to specific timeframes?": This is a toggle switch. When turned on, the script only plots pivot points if the current timeframe is one of the following: 15 minutes, 30 minutes, 1 hour, 4 hours, or daily. The pivot points are plotted as circles on the chart, with pivot highs in red and pivot lows in green. The transparency level of these plots can be adjusted in the script. Market and Conditions: This script is versatile and can be used in any market, including Forex, commodities, indices, or cryptocurrencies. It's best used in trending markets where supply and demand levels are more likely to be respected. However, like all technical analysis tools, it's not foolproof and should be used in conjunction with other indicators and analysis techniques to confirm signals and manage risk. A technical analyst, or technician, uses chart patterns and indicators to predict future price movements. The "Supply and Demand" script in question can be an invaluable tool for a technical analyst for the following reasons: Identifying Support and Resistance Levels : The pivot points plotted by this script can act as potential levels of support and resistance. When the price of an asset approaches these pivot points, it might bounce back (in case of support) or retreat (in case of resistance). These levels can be used to set stop-loss and take-profit points. Timeframe Analysis : The ability to limit the plotting of pivot points to specific timeframes is useful for multiple timeframe analysis. For instance, a trader might use a longer timeframe to determine the overall trend and a shorter one to decide the optimal entry and exit points. Customization : The user inputs provided by the script allow a technician to customize the ranges of pivot points according to their unique trading strategy. They can choose the number of ranges to plot and the number of the most recent ranges to display on the chart. Confirmation of Other Indicators : If a pivot point coincides with a signal from another indicator (for instance, a moving average crossover or a relative strength index (RSI) divergence), it could provide further confirmation of that signal, increasing the chances of a successful trade. Transparency in Plots : The use of the color.new function allows for more transparent plotting. This feature can prevent the chart from becoming too cluttered when multiple ranges of pivot points are plotted, making it easier for the analyst to interpret the data. In summary, this script can be used by a technical analyst to pinpoint potential trading opportunities, validate signals from other indicators, and customize the display of pivot points to suit their individual trading style and strategy. Always remember, however, that no single indicator should be used in isolation, and effective risk management strategies should always be employed.

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của FadingExtremes

Auto Fib Zones Auto Fib Zones is a extension of the ABC finder script that I released. It uses the pivot point system I developed in the ABC finder to identify major or significant trending moves in the market. It will then draw the fibzones for the trend line. The fib zone will auto update for as long as the trend line continues (size will keep increasing). The zones will continue to extend to the right along with price until it is tested. The start of the green teal zone is the 0.618 and fills to the 0.786 and the Blue zone is the 0.786 and fills to the trend start or 1 value of the fib. You can adjust the Bars Back variable to require more or less candles to create/ validate a new trend. In the screen shot about it is set to 50 bars however I've seen good results on higher timeframes like 4h + with 15 bars as the setting. This is basically ITC's Optimal Trade Entry concept at least that is what the original inspiration for modifying my base script was. As always hope it helps. God bless

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của melodicfish

Supply and Demand Visible Range [LuxAlgo]The Supply and Demand Visible Range indicator displays areas & levels on the user's chart for the visible range using a novel volume-based method. The script also makes use of intra-bar data to create precise Supply & Demand zones. 🔶 SETTINGS Threshold %: Percentage of the total visible range volume used as a threshold to set supply/demand areas. Higher values return wider areas. Resolution: Determines the number of bins used to find each area. Higher values will return more precise results. Intra-bar TF: Timeframe used to obtain intra-bar data. 🔶 USAGE The supply/demand areas and levels displayed by the script are aimed at providing potential supports/resistances for users. The script's behavior makes it recalculate each time the visible chart interval/range changes, as such this script is more suited as a descriptive tool. Price reaching a supply (upper) area that might have been tested a few times might be indicative of a potential reversal down, while price reaching a demand (lower) area that might have been tested a few times could be indicative of a potential reversal up. The width of each area can also indicate which areas are more liquid, with thinner areas indicating more significant liquidity. The user can control the width of each area using the Threshold % setting, with a higher setting returning wider areas. The precision setting can also return wider supply/demand areas if very low values are used and has the benefit of improving the script execution time at the cost of precision. The Supply and Demand Zones indicator returns various levels. The solid-colored levels display the average of each area, while dashed colored lines display the weighted averages of each area. These weighted averages can highlight more liquid price levels within the supply/demand areas. Central solid/dashed lines display the average between the areas' averages and weighted averages. 🔶 DETAILS Each supply/demand area is constructed from volume data. The calculation is done as follows: The accumulated volume within the chart visible range is calculated. The chart visible range is divided into N bins of equal width (where N is the resolution setting) Calculation start from the highest visible range price value for the supply area, and lowest value for the demand area. The volume within each bin after the starting calculation level is accumulated, once this accumulated volume is equal or exceed the threshold value ( p % of the total visible range volume) the area is set. Each bin volume accumulation within an area is displayed on the left, this can help indicate how fast volume accumulates within an area. 🔶 LIMITATIONS The script execution time is dependent on all of the script's settings, using more demanding settings might return errors so make sure to be aware of the potential scenarios that might make the script exceed the allowed execution time: Having a chart's visible range including a high number of bars. Using a high number of bins (high resolution value) will increase computation time, this can be worsened by using a high threshold %. Using very low intra-bar timeframe can drastically increase computation time but can also simply throw an error if the chart timeframe is high. Users facing issues can lower the resolution value or use the chart timeframe for intra-bar data.

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