Demand Supply Indicator With Alerts

2021년 1월 9일

The Demand Supply Zone indicator with Alerts helps in identifying the Demand Supply zones on chart by pinpointing them.

The indicator looks for Demand Zone patterns, Drop-Base-Rally or Rally-Base-Rally, when such pattern is identified the indicator marks it on the chart. Likewise, if the indicator identifies Supply Zone patterns, Rally-Base-Drop or Drop-Base-Drop the indicator marks it as Supply Zone. The basing candles are changed to Blue color and the Legout candles are changed to Black color by default.

Using the Demand Supply Zone Indicator with Alerts you can also set Alerts on your favourite scripts and timeframes, to get notification when Demand Supply Zones are formed.

List of all the features is provided below.

1. You can choose which patterns the indicator should identify.
2. Number of candles in basing from 1 to 6.
3. Strength of the legout.
4. Identify follow-through patterns.
5. Hide Single Legout patterns.
6. Strength of the first legout in follow through pattern.
7. Strength of the second legout in the follow through pattern.
8. Customize Basing Color
9. Customize Legout Color
10. Display Pattern Name
11. Display Proximal and Distal Values
12. Color customization for Demand Supply Zone Labels
13. Set Alerts based on Demand Supply Zone formation

To set Alerts follow the steps provided below.

1. Go to the symbol chart and select the timeframe on which you want to set Alerts.
2. Select Alerts Tab and click on Create Alert, shortcut key Alt+A
3. In Condition Select, Demand Supply Indicator With Alerts
4. In Options, select Once Per Bar Close
5. Select expiry as per your preference or keep it open-ended
6. Select Alerts Actions as per your preference
7. Alert name is optional
8. Default message is “Zone Alert” and can be modified
9. Click on Create and in the warning window select Continue Anyway

Once you have active alert, you will keep getting notification whenever a Demand/Supply zone in identified on the symbol and time frame you selected.

Use the link below to obtain access to this indicator.

2021년 2월 17일

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Changed default options.

2021년 4월 12일

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Version 3
Automatically draws the Demand and Supply zones

2021년 4월 15일

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Bug Fix

2021년 4월 30일

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Option added to change the Proximal Distal Line Width

2021년 5월 26일

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New In Version 4

1. Option to use the indicator for multiple timeframe analysis.
2. Customize Proximal Distal Line Width
3. Customize Legout color based on Drop or Rally

2021년 7월 10일

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This update adds cosmetic changes to the indicator. You can now customize the color of

1. Fresh Demand Zone Border
2. Fresh Supply Zone Border
3. Tested Demand Zone Border
4. Tested Supply Zone Border
5. Fresh Demand Zone Fill Color
6. Fresh Supply Zone Fill Color
7. Tested Demand Zone Fill Color
8. Tested Supply Zone Fill Color

You can also customize the zone border width.

2021년 7월 30일

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Code enhancement

2021년 8월 3일

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Bug Fix - If the indicator is already applied to your chart please remove it and add it again. If the indicator name starts with 4.2.1, you have the latest version.

2021년 8월 4일

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Bug fix

2021년 8월 4일

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Code optimization

2021년 8월 5일

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Code optimization.

New feature to show current settings on the chart top right corner.

2021년 8월 8일

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Code optimization and grouped options in indicator settings.

2021년 8월 17일

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Code Optimization

2021년 8월 25일

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Version 4.2.5
Code optimized and a bug fix.

2021년 9월 10일

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Features Added in Version 5.0
1. Automated Curve Analysis.
2. Automated Zone Violations (recent 2 zones)

2021년 11월 4일

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Curve analysis will not give error even if the zones are far back in history.

2021년 12월 25일

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The following 2 new features have been added
1. Option to mark the zone using WickToWick or BodyToWick method.
2. Option to display Proximal and Distal values inside the zone.

2022년 2월 28일

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Changelog:

• New Improved Algorithm for Zone Identification
  
  
• Option to select Legin method
  
  
• Zones based on GAPS

(NOTE: If you already have an active subscription, please remove the indicator from the chart and add it again to upgrade to the latest version 5.3)

2022년 7월 13일

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The following feature has been added in version 5.3.2
1. Zones On Visible Chart Data
2. Auto settings for HTF, ITF, RTF

2022년 11월 5일

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Now you can input custom time frames for HTF, ITF and RTF.

2022년 11월 9일

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Alerts functionality fixed.

2022년 11월 15일

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"Plot Zones Only On Visible Chart Data" functionality restored

2023년 2월 20일

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Bug Fix for Zone Violations

2023년 8월 16일

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Features Added

1. Improved Algorithm.
   
2. Option to Enable/Disable Basing and Legout Candle Color.
   

2023년 12월 19일

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Bug fix

2024년 6월 17일

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Enhancements and bug fixes.

1월 18일

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Bug fix and indicator optimization

1월 18일

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Indicator Optimization

6월 29일

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v6 Demand Supply Zone Indicator

The Demand-Supply Zone Indicator is a powerful tool designed to help traders identify high-probability reversal and continuation zones across any market or timeframe. Inspired by institutional trading concepts, this indicator visually highlights areas where strong buying (demand) or selling (supply) has taken place, allowing you to make better-informed trading decisions.

Key Features

Automatic Zone Detection
Detects high-quality demand (DBR, RBR) and supply (RBD, DBD) zones automatically. Supports advanced detection patterns including Gap, Regular, and Follow-Through.

Customizable Alerts
Receive alerts when new demand or supply zones are detected.

Dynamic Curve Analysis
Provides the highest proximal value for demand zones and the lowest proximal value for supply zones, helping you understand price location relative to key institutional levels.

Zone Validity Management
Automatically removes zones after violation or multiple tests, ensuring your chart stays clean and up to date.

Intuitive Visualization
Zones are clearly marked with customizable colors and labels for easy identification. You can also display zone details like proximal levels and distances.

Flexible Inputs
Full control over detection patterns, zone width, and other advanced settings to match your strategy.

7월 5일

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Fixed bug in gap zone.

7월 23일

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Bug Fix

8월 14일

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Upgraded alerts to give you the following key details

Pattern Name
Proximal Value
Distal Value

8월 24일

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Update: Bug Fix – Follow-Through Pattern

Fixed an issue where the Follow-Through pattern was incorrectly marked as Tested if the second leg-out candle touched the zone.

Now, the pattern will correctly display as Fresh, since the formation is only considered complete after the closing of the second leg-out candle.

8월 24일

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Update: Bug Fix – Follow-Through Pattern

Fixed an issue where the Follow-Through pattern was incorrectly marked as Tested if the second leg-out candle touched the zone.

Now, the pattern will correctly display as Fresh, since the formation is only considered complete after the closing of the second leg-out candle.

8월 24일

릴리즈 노트

Update: Bug Fix – Follow-Through Pattern

Fixed an issue where the Follow-Through pattern was incorrectly marked as Tested if the second leg-out candle touched the zone.

Now, the pattern will correctly display as Fresh, since the formation is only considered complete after the closing of the second leg-out candle.