Supply & Demand Zone Analyzer

TradingView Publication Article: "Supply & Demand Zone Analyzer"
Title:
"Supply & Demand Zone Analyzer: Master Support and Resistance with Precision"

Introduction:
Support and resistance zones are the cornerstone of technical analysis in trading. These zones help identify where price movements may pause or reverse. The Supply & Demand Zone Analyzer is a powerful indicator designed to dynamically detect these critical areas while offering insights into potential breakouts.

In this article, we'll explore how the indicator works, its features, and how to make the most of it.

Features:
Dynamic Support and Resistance Zones:

Automatically plots supply (resistance) and demand (support) zones based on swing highs and swing lows.
Visually highlights these zones directly on your chart.
Breakout Detection:

Identifies when price breaks above a resistance zone or below a support zone.
Displays "Broken Supply" or "Broken Demand" labels for clear recognition.
Customizable Colors and Labels:

Adjust the colors of support, resistance, broken zones, and labels to match your charting style.
Add descriptive text inside the zones.
Proximity Filtering:

Prevents overlapping or closely spaced zones for a cleaner, more interpretable chart.
Fixed Text Size:

Labels inside zones maintain a consistent size, unaffected by chart zooming.
How to Use:
Add the Indicator to Your Chart:

Search for "Supply & Demand Zone Analyzer" on TradingView.
Click "Add to Chart" to enable the indicator.
Adjust Parameters:

Swing Length: Sets the number of candles used to define swing highs and lows.
ATR Period: Configures the period for ATR-based zone width calculation.
Minimum Distance: Defines the minimum distance between zones to avoid overlapping.
Show Broken Zones: Choose whether to display or hide broken support and resistance zones.
Customize Colors:

Modify the default colors for supply, demand, and broken zones in the settings.
Technical Details:
Written in Pine Script, TradingView's proprietary scripting language.
Uses ATR (Average True Range) for dynamic zone width calculation.
Automatically extends zones until they are invalidated by a breakout or removed by proximity filtering.
Who Should Use This?
Beginner Traders:
Learn and visualize critical support and resistance areas easily.
Experienced Traders:
Gain deeper insights with breakout detection and advanced filtering.
Swing and Scalping Traders:
Quickly identify high-probability reversal or breakout zones for short- and medium-term trading.
Example Chart:
(Attach a screenshot of the indicator applied to a chart.)

Conclusion:
The Supply & Demand Zone Analyzer takes the guesswork out of identifying support and resistance. With its user-friendly interface, customizable options, and breakout detection, this indicator is perfect for traders of all experience levels.

Try it out today via our TradingView page and share your feedback or suggestions. Let's master the markets together!

Extra Tips for Publication:
Include backtest results or strategy examples to showcase the indicator's utility.
Highlight practical use cases, like combining the zones with other indicators (e.g., RSI or volume).