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Demand & Supply by DaoEA

746
Demand & Supply by DaoEA
This indicator is designed to help traders identify key demand and supply zones, displaying strong price action patterns such as Pin Bar, Engulfing, Hammer, and Shooting Star to confirm reversal points.

Key Features

Automatically identifies Supply & Demand Zones and extends them to the right.

Displays Break of Structure (BOS) when prices break out of these zones.

Tracks Swing Highs/Lows and analyzes HH, HL, LH, and LL.

Highlights strong price action patterns such as Bullish/Bearish Pin Bars, Engulfing, Hammer, and Shooting Star.

Customizable zones, colors, and labels.

Overlay zone protection. To avoid over-cluttering the chart,

Usage

Use with higher timeframes (H1 and above) to identify high demand and supply points.

Switch to smaller timeframes (M15–M30) to identify entry and exit opportunities.

Wait for a strong BOS + PA to confirm the signal.

Suitable for scalpers, swing traders, and Smart Money Concept (SMC) traders who want to clearly understand market structure.
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Update Price Action label color

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