Demand Supply Zone Alerts

Demand Supply Zone Alert Indicator

This indicator functions as a scanner/screener and is designed to identify symbols with potential demand and supply zones and generate alerts based on your customized settings. It does not visually plot anything on the chart but is used to place alerts.

Key Features:

1. Demand Supply Zone Patterns:
- Drop Base Rally
- Rally Base Rally
- Rally Base Drop
- Drop Base Drop

2. Zoning Methods:
- Wick to Wick: In a demand zone, this method uses the highest high of the basing as the proximal line. For supply zones, it uses the lowest low of the basing.
- Body to Wick: In a demand zone, this method uses the highest body of the basing as the proximal line. For supply zones, it uses the lowest body of the basing.

3. Legin Methods:
- Candle Type: Based on the candle's bullish or bearish structure.
- Candle Color: Uses the candle color to determine the legin, with green indicating a rally and red indicating a drop.

4. Additional Zone Options:
- Follow Through Pattern: Zones with one legout followed by another legout, based on user-defined strength settings.
- Overnight Gap Zones: Zones formed due to overnight gaps after the basing.
- All Demand Supply Zone Structures: Includes all zones, even if they are not considered quality zones.

5. Zone Settings:
- Number of Candles in Basing: Customize the number of candles in the basing phase. For example, setting it to 3 will only identify zones with 3 or fewer basing candles.
- Legout Strength for Single Legout Pattern: Defines how strong a legout candle must be to qualify as a zone.
- Legout Strength for Follow-Through Pattern: Specifies the strength required for two consecutive legout candles to qualify as a follow-through pattern.

Functionality:

The indicator identifies zones based on a three-component structure: legin, basing, and legout. It uses an algorithm that categorizes candles as legin, basing, or legout based on their range compared to the average candle on the chart. Quality zones are defined by legout candles that are significantly larger than the average candle, while basing candles are smaller.

Once a valid zone structure is identified, the indicator will generate an alert from the list of symbols provided in the settings. Alerts will notify users according to their alert notification settings.

Usage Recommendations:

- This indicator works as a real-time scanner or screener to shortlist symbols when a valid zone is formed based on user settings.
- It aids in identifying potential demand and supply zones, but does not provide explicit buy or sell signals.
- Users should integrate this tool with their own trading plan and thoroughly evaluate any identified symbols before making trades.

Limitations:

This indicator does not provide explicit buy or sell signals. It is intended to aid in identifying symbols where demand and supply zones are being created. Users should use this tool in conjunction with their own trade plan and thoroughly evaluate any identified symbols before making any trades.

Disclaimer:

Please ensure you thoroughly evaluate and qualify any identified symbols according to your individual trade plan before making any trades.

릴리즈 노트

Indicator Instructions updated

릴리즈 노트

Bug fix and indicator optimization

릴리즈 노트

v6 Demand Supply Zone Alerts

The Demand Supply Zone Alerts includes a powerful, fully integrated alerts system designed to keep you informed of new trading opportunities in real time, without needing to constantly watch the charts.

Key Features

Automatic Zone Alerts
Receive instant alerts whenever a new demand or supply zone is detected on any of your selected symbols. Stay ahead of market moves and act as soon as high-probability setups appear.

Live Visual and TradingView Alerts
Get notified when new demand or supply zones form. This helps you catch potential reversals or continuation trades at the exact moment they matter most.

Symbol-Specific Notifications
Alerts clearly specify which symbol has triggered the condition, along with pattern details information, so you always know exactly where to focus.

Customizable Settings
Choose which patterns to monitor, and control exactly when you receive alerts based on your strategy.

릴리즈 노트

Fixed bug in gap zone.