Supply and Demand Zones (v1)

Institutional Supply & Demand Zones (v6)

This indicator automatically detects and visualizes institutional supply and demand zones based on price action and candle structure.
It identifies strong reversal areas formed by large imbalances between buyers and sellers, removes invalidated zones once price breaks through them, and keeps only the closest zone to current price when two zones overlap or touch.

Features:

Smart detection of institutional supply & demand zones

Zones are drawn only up to the latest price bar (no future extension)

Automatic zone cleanup when invalidated or overlapping

Fully customizable: max number of zones, transparency, colors, and borders

Clean, efficient, and professional tool for price imbalance and liquidity analysis.