I designed this indicator out of necessity for the Market structure/Price action trading strategy I use. I thought I'd share. :)
For the fans of my Multi Timeframe Swing High and Low indicator, I have added Supply and Demand Zones!
The Supply and Demand Zones are based on the Swing Highs and Lows of my MTF Swing Highs and Lows Indicator. The S/D Zones are created on the wicks of the Swing Highs and Lows. You can choose whether to display the Chart, Higher and/or Highest timeframes as in the chart below. You can also choose to display up to 3 S/D Zones from the past 3 Swing Highs and Lows. The default setting is to display 1 chart timeframe S/D Zone, 2 higher and 3 highest, as I found this to be most effective without cluttering the screen too much The Chart Timeframe S/D Zones have an orange border, higher timeframe have a blue border and the highest have a black border. Supply zones based on Swing Highs are red and Demand Zones based on Swing Lows are green.
This indicator displays Swing Highs and Lows on 3 timeframes based on the Chart timeframe, as follows: Chart TF Higher TF Highest TF 1m 5m 15m 5m 15m 60m 15m 60m 240m 60m 240m Daily 240m Daily Weekly Daily Weekly Monthly
You can change the font size of the labels as you'd prefer.
릴리즈 노트
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ADDITION: Added option to extend zones left
릴리즈 노트
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Modification: I have altered the code and options to be able to turn on and off individual supply and demand zones so as to eliminate ones that may be exhausted or cluttering the screen.
Hey buddy. Thanks for this indicator. Can you please add an option to hide the mitigated zones?
ukmpits
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@KaizenTraderB Sir, Is there any future Improvement? Thanks mate
ukmpits
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@KaizenTraderB Is there any future update Sir? Also would you like to add alarm alarm system, so we can get notified when touch demand or supply area. Thanks mate
yoyo23796
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If it were possible in a future update to add an alarm option
fourpercent
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kool
ancomposers
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Good
ukmpits
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@KaizenTraderB Sir Would you please upgrade through pinescript V5?.. very Appriciate..thank you
ukmpits
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@ukmpits, Because many fault error had detected when i wanna convert to pinescript V5..the notification from pinescript program indeed