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Order Blocks Finder [TradingFinder] Major OB | Supply and Demand🔵 Introduction Drawing all order blocks on the path, especially in range-bound or channeling markets, fills the chart with lines, making it confusing rather than providing the trader with the best entry and exit points. 🔵 Reason for Indicator Creation For traders familiar with market structure and only need to know the main accumulation points (best entry or exit points), and primary order blocks that act as strong sources of power. 🟣 Important Note All order blocks, both ascending and descending, are identified and displayed on the chart when the structure of "BOS" or "CHOCH" is broken, which can also be identified with "MSS." 🔵 How to Use When the indicator is installed, it plots all order blocks (active order blocks) and continues until the price reaches them. This continuation happens in boxes to have a better view in the TradingView chart. Green Range : Ascending order blocks where we expect a price increase in these areas. Red Range : Descending order blocks where we expect a price decrease in these areas. 🔵 Settings Order block refine setting : When Order block refine is off, the supply and demand zones are the entire length of the order block (Low to High) in their standard state and cannot be improved. If you turn on Order block refine, supply and demand zones will improve using the error correction algorithm. Refine type setting : Improving order blocks using the error correction algorithm can be done in two ways: Defensive and Aggressive. In the Aggressive method, the largest possible range is considered for order blocks. 🟣 Important The main advantage of the Aggressive method is minimizing the loss of stops, but due to the widening of the supply or demand zone, the reward-to-risk ratio decreases significantly. The Aggressive method is suitable for individuals who take high-risk trades. In the Defensive method, the range of order blocks is minimized to their standard state. In this case, fewer stops are triggered, and the reward-to-risk ratio is maximized in its optimal state. It is recommended for individuals who trade with low risk. Show high level setting : If you want to display major high levels, set show high level to Yes. Show low level setting : If you want to display major low levels, set show low level to Yes. 🔵 How to Use The general view of this indicator is as follows. When the price approaches the range, wait for the price reaction to confirm it, such as a pin bar or divergence. If the price passes with a strong candle (spike), especially after a long-range or at the beginning of sessions, a powerful event is happening, and it is outside the credibility level. An Example of a Valid Zone An Example of Breakout and Invalid Zone. (My suggestion is not to use pending orders, especially when the market is highly volatile or before and after news.) After reaching this zone, expect the price to move by at least the minimum candle that confirmed it or a price ceiling or floor. 🟣 Important : These factors can be more accurately measured with other trend finder indicators provided. 🔵 Auxiliary Tools There is much talk about not using trend lines, candlesticks, Fibonacci, etc., in the web space. However, our suggestion is to create and use tools that can help you profit from this market. • Fibonacci Retracement • Trading Sessions • Candlesticks 🔵 Advantages • Plotting main OBs without additional lines; • Suitable for timeframes M1, M5, M15, H1, and H4; • Effective in Tokyo, Sydney, and London sessions; • Plotting the main ceiling and floor to help identify the trend.
Indicateur Pine Script®
par TFlab
52
MTF Swing Highs and Lows w/ Supply and Demand ZonesI 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.
Indicateur Pine Script®
par KaizenTraderB
18
Supply and demandHi all! This is my take on supply/demand. The gist is that it creates a zone if there is a big enough reaction. This is configurable in settings as "Minimum range (ATR factor)" (the Average True Length of length 14) that is the distance that the price must travel and "Reaction bars" that is the maximum number of bars that price must travel this distance. The zones that are shown are the ones that have a retest, break and retest or is unmitigated (untouched). If a zone is mitigated (entered) or broken it is temporarily hidden. For a zone to be created it needs to have this reaction and the previous bar does not. So this script will show you zones that are fresh (unmitigated), retested or broken and retested. This means that the zones that are shown have "proven" that they are good zones through this. Basically it means that the script creates a bunch of zones and then picks the good once. This makes the script have some latency, but will hopefully give you good zones. A zone is completely removed if it's broken twice (it's okay if it's broken once and can still have a retest after it has flipped from previous supply (or resistance) into demand (or support)). Here is a zone (the one that has the lowest opacity) that is broken and retested that could have resulted in a good long trade (the settings are default but has a stop in the beginning of 2024): You have a setting to remove zones that are pierced (broken by price wicks). The following zone is pierced by price (in the beginning of May) that will not be shown after the start of May if you have "Pierced" checked (the indicator has default settings but a stop in the middle of April): You have a trend section. Zones that create a reaction upwards can only be created if the trend is considered to be up, and vice versa. The options here are "SMA50" (the current price needs to be over the Simple Moving Average of length 50) and "SMA50, SMA200" (price needs to be over the Simple Moving Average of length 50 and the Simple Moving Average of length 50 needs to be over the Simple Moving Average of length 200). If these conditions are met the trend is considered to be up, otherwise it's down. You can disable this by choosing "No detection". The zones that are shown also need to be within a limit (of the current price). This limit is 10 (factor of the Average True Range if length 14) by default. Set this to 0 to deactivate. This is useful for not showing zones that are far away from current price and therefore unlikely to be interacted with. You can stop the calculation of zones (through the "Stop" value in the settings). This is useful to see if previous zones were any good. I used it in my testing of the script but left it because it can be nice to have. The zones created by the script have different transparency based upon the zone's interaction. The clearest zones are the ones that are unmitigated, the second clearest ones are the ones having a retest and lastly the zones which are most unclear are the ones having a break and then a retest. You can see the concept of this script to be a mix of supply/demand and support/resistance, having zones being unmitigated (untouched) as the most important but also show the zones having an interaction (in the form of a retest or a break and retest). This is from a previous supply (or resistance) zone that has flipped into demand (or support) and has shown to be a good zone through a retest followed by a rally (default settings): This zone has multiple retest and then rallies that could have given a good long trades (it has the default settings but a "Stop" time at 2022-01-14): TODO: - Create zones based on pivots - Handle overlapping zones - Incorporate volume in the creation and/or interaction with zones - Add alerts - Add ability to set maximum zone width - Add ability to set the maximum number of retest bars - ...? The example for this publication has the default settings bit a "Stop" and a tighter "Limit" of 4. I hope this explanation makes sense, let me know otherwise. Also let me know if you have any suggestions on improvements. Best of trading luck!
Indicateur Pine Script®
par mickes
9
Supply and Demand Based Pattern [RH]This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading opportunities. On the other hand, the DBD pattern comprises a drop (downward movement), followed by a base, and then another drop. It indicates that the downward momentum might continue, offering potential shorting opportunities. Bullish(RBR) example: Bearish(DBD) example: 1. The bullish (RBR) and bearish (DBD) patterns share the same underlying logic, only differing in their directionality. 2. For both RBR and DBD patterns, the first rise/drop can consist of one or multiple candles. However, in the case of multiple candles, all candles must exhibit a bullish nature for RBR and a bearish nature for DBD. Example: 3. It is a prerequisite for the first rise/drop to include at least one candle with a defined percentage of health, as determined by the user. 4. The base, following the first rise/drop, may comprise one or multiple candles. Example: 5. To maintain consistency, the base is not allowed to retrace beyond 80%, although this value can be adjusted by the user. 6. Similar to the first rise/drop, the second rise/drop in both RBR and DBD patterns can consist of one or multiple candles. However, all candles within this phase must demonstrate a bullish nature for RBR and a bearish nature for DBD. 7. Confirmation of the bullish (RBR) pattern occurs when a candle closes above the high of the first rise. Conversely, the bearish (DBD) pattern is confirmed when a candle closes below the low of the first drop. Example: Alerts can be set for all bullish and bearish pattern or for the first pattern in the range of similar pattern.
Indicateur Pine Script®
par HasanRifat
22
Supply and Demand Zone ConfirmationHello traders and investors, Today, I am going to share an indicator that I made by mixing RSI and CCI in different timeframe. You can use this indicator in various ways, however the best possible way I would recommend you to use it is to combine it with price action. I would suggest to play with, so you can decide if it works the best for you. The whole purpose of making this indicator was to eliminate confusion around different indicators for overbought and oversold and many other headaches. You use price action and you are looking for confirmation to see there is a PRZ? here is your indicator. I found there are certain patterns with CCI and RSI in higher timeframe which helps to find the PRZ and I made this indicator with it. You can choose to use this indicator in different timeframe. But you have to consider, the lower timeframe you'll go, you will get more signals but the effectiveness goes down with it. Also, if you are willing to change the time frame, You have to change some settings as well which I'll get into it in a moment. The default settings are for 30min timeframe with these settings. ibb.co In case you would like to go to 15min time frame, here is the suggested changes in the setting. ibb.co I would suggest to play with different timeframe to find the suitable setting for the pairs you would like to trade. The main goal is you have to choose first CCI one timeframe higher ( if you are in 5min chart, first CCI should be at least 15 or 30min) and the second CCI one timeframe higher than first CCI (if you choose 15min for first CCI, go with 1hr for second CCI). And lastly, RSI can be variable but it is suggested to be at least as low as first CCI timeframe. Lastly, you have to consider nothing in this script is a financial advice, it is only to help you improve your trading style by making other indicators as simple as possible.
Indicateur Pine Script®
par MBCryptocurrency
3
Indecisive CandlesAn Indecisive Candle, often referred to as a Base Candle, is a pivotal element in technical analysis, particularly for identifying institutional supply and demand zones. These candles are characterized by their small bodies and long wicks, reflecting a balance between buyers and sellers, indicating a potential pause or consolidation in the market. To calculate whether a candle qualifies as an indecisive candle based on the criterion that its body (the absolute difference between its open and close prices) is less than or equal to 50% of the total range of the candle (the difference between its high and low prices). Key Features: Small Real Body: Signifies minimal movement from open to close, indicating market indecision. Long Upper and Lower Wicks: Show that both bulls and bears attempted to control the price, but neither succeeded, leading to a standoff. Formation Context: Typically found at the end of a strong trend or within a consolidation phase, hinting at a potential reversal or continuation pattern. Usage in Identifying Institutional Supply and Demand: Supply Zones: When an Indecisive Candle forms after a rally, it can mark the onset of an institutional supply zone, suggesting that large entities are starting to sell, leading to potential downward pressure. Demand Zones: Conversely, when this candle appears after a downtrend, it often signals the emergence of a demand zone, where institutions begin to accumulate, anticipating a price increase. Trading Strategies: Zone Identification: Use Indecisive Candles to pinpoint key supply and demand zones on your chart, enhancing the accuracy of your support and resistance levels. Confirmation: Look for confirmation from subsequent price action or volume spikes to validate the presence of institutional activity before making trading decisions. Risk Management: Place stop-loss orders beyond the wicks of these candles to protect against false breakouts or continued indecision. Conclusion: Indecisive Candles are essential tools for traders looking to understand market sentiment and institutional behavior. By mastering their identification and interpretation, you can enhance your ability to spot high-probability trading opportunities and manage risks effectively.
Indicateur Pine Script®
par DOSALGO
2
MTF OB Supply Demand ZonesHello everyone, This exceptional indicator provides you with visual representations of bullish and bearish order blocks or supply and demand zones across multiple timeframes. In simple terms, bullish order blocks are represented by a small red candle followed by a large red candle, while bearish order blocks are depicted as a small green candle followed by a large red candle. Supply and demand zones are drawn by using order blocks. Features: Display order blocks from up to three different timeframes. Customize the maximum number of boxes shown and the colors of the zones. Choose from three different modes: OB (Order Block), Extended OB, and Supply/Demand. Mode Descriptions: OB: Includes the body of the candle. Extended OB: Encompasses the body and wick of the candle. Supply/Demand: Covers the body, wick, and half the body of the large candle. Usage: Ensure that charts 2 and 3 are set to a higher timeframe. For modes 2 and 3, it’s recommended to reduce the maximum number of boxes shown. The zones or boxes are transparent, allowing for overlap. This feature aids in identifying reversal zones or confirmed zones. The more intense the color, the stronger the confirmation. If a green zone overlaps a red zone (or vice versa), it signifies a reversal zone. Thank you for checking out this indicator! --- Additional Information: Order blocks refer to specific price areas where large market participants, such as institutional traders, have previously placed significant buy or sell orders. These clusters of orders can impact price movement, liquidity, and market sentiment. Order blocks are a strategic approach to identifying key levels of support and resistance based on the behavior of institutional traders. These key levels are then utilized as entry or exit points for trades. An order block is an area where there has been a large concentration of limit orders awaiting execution. These blocks are identified on a chart by observing previous price action and pinpointing areas where the price experienced significant movement or abrupt changes in direction. Order blocks are used in the following popular trading philosophies: Smart Money Concepts (SMC) Inner Circle Trading (ICT) Price Action --- Credits to: @AGFXTRADING
Indicateur Pine Script®
par simwai
13
TD Supply & Demand Points ``` TD Supply & Demand Points Indicator This technical indicator helps identify potential supply and demand zones using price action pattern recognition. It scans for specific candle formations that may indicate institutional trading activity and potential reversal points. Features: • Two pattern detection modes: Level 1: Basic 3-candle pattern for faster signals Level 2: Advanced 5-candle pattern for higher probability setups • Clear visual markers: - Red X above bars for supply points - Green X below bars for demand points - Automatic offset adjustment based on pattern level Pattern Definitions: Level 1 (3-candle pattern): Supply: Middle candle's high is higher than both surrounding candles Demand: Middle candle's low is lower than both surrounding candles Level 2 (5-candle pattern): Supply: Sequence showing distribution with higher highs followed by lower highs Demand: Sequence showing accumulation with lower lows followed by higher lows Usage Tips: • Use Level 1 for more frequent signals and Level 2 for stronger setups • Look for confluence with key support/resistance levels • Consider overall market context and trend • Can be used across multiple timeframes • Best combined with volume and price action analysis Settings: Pattern Level: Toggle between Level 1 (3-candle) and Level 2 (5-candle) patterns Note: This indicator is designed to assist in identifying potential trading opportunities but should be used as part of a comprehensive trading strategy with proper risk management. Version: 5.0 ``` I've written this description to be: 1. Clear and concise 2. Technically accurate 3. Helpful for both new and experienced traders 4. Professionally formatted for TradingView 5. Focused on the key features and practical usage Would you like me to modify any part of it or add more specific details about certain aspects?
Indicateur Pine Script®
par Kaymar_Cap
1
$TUBR: 7-25-99 Moving Average7, 25, and 99 Period Moving Averages This indicator plots three moving averages: the 7-period, 25-period, and 99-period Simple Moving Averages (SMA). These moving averages are widely used to smooth out price action and help traders identify trends over different time frames. Let's break down the significance of these specific moving averages from both supply and demand perspectives and a price action perspective. 1. Supply and Demand Perspective: - 7-period Moving Average (Short-Term) : The 7-period moving average represents the short-term sentiment in the market. It captures the rapid fluctuations in price and is heavily influenced by recent supply and demand changes. Traders often look to the 7-period SMA for immediate price momentum, with price moving above or below this line signaling short-term strength or weakness. - Bullish Supply/Demand : When price is above the 7-period SMA, it suggests that buyers are currently in control and demand is higher than supply. Conversely, price falling below this line indicates that supply is overpowering demand, leading to a short-term downtrend. Is current price > average price in past 7 candles (depending on timeframe)? This will tell you how aggressive buyers are in short term. - Key Supply/Demand Zones : The 7-period SMA often acts as dynamic support or resistance in a trending market, where traders might use it to enter or exit positions based on how price interacts with this level. - 25-period Moving Average (Medium-Term) : The 25-period SMA smooths out more of the noise compared to the 7-period, providing a more stable indication of intermediate trends. This moving average is often used to gauge the market's supply and demand balance over a broader timeframe than the short-term 7-period SMA. - Supply/Demand Balance : The 25-period SMA reflects the medium-term equilibrium between supply and demand. A crossover between the price and the 25-period SMA may indicate a shift in this balance. When price sustains above the 25-period SMA, it shows that demand is strong enough to maintain an upward trend. Conversely, if the price stays below it, supply is likely exceeding demand. Is current price > average price in past 25 candles (depending on timeframe)? This will tell you how aggressive buyers are in mid term. - Momentum Shift : Crossovers between the 7-period and 25-period SMAs can indicate momentum shifts between short-term and medium-term demand. For example, if the 7-period crosses above the 25-period, it often signifies growing short-term demand relative to the medium-term trend, signaling potential buy opportunities. What this crossover means is that if 7MA > 25MA that means in past 7 candles average price is more than past 25 candles. - 99-period Moving Average (Long-Term): The 99-period SMA represents the long-term trend and reflects the market's supply and demand over an extended period. This moving average filters out short-term fluctuations and highlights the market's overall trajectory. - Long-Term Supply/Demand Dynamics : The 99-period SMA is slower to react to changes in supply and demand, providing a more stable view of the market's overall trend. Price staying above this line shows sustained demand dominance, while price consistently staying below reflects ongoing supply pressure. Is current price > average price in past 99 candles (depending on timeframe)? This will tell you how aggressive buyers are in long term. - Market Trend Confirmation : When both the 7-period and 25-period SMAs are above the 99-period SMA, it signals a strong bullish trend with demand outweighing supply across all timeframes. If all three SMAs are below the 99-period SMA, it points to a bear market where supply is overpowering demand in both the short and long term. 2. Price Action Perspective : - 7-period Moving Average (Short-Term Trends): The 7-period moving average closely tracks price action, making it highly responsive to quick shifts in price. Traders often use it to confirm short-term reversals or continuations in price action. In an uptrend, price typically stays above the 7-period SMA, whereas in a downtrend, price stays below it. - Short-Term Price Reversals : Crossovers between the price and the 7-period SMA often indicate short-term reversals. When price breaks above the 7-period SMA after staying below it, it suggests a potential bullish reversal. Conversely, a price breakdown below the 7-period SMA could signal a bearish reversal. - 25-period Moving Average (Medium-Term Trends) : The 25-period SMA helps identify the medium-term price action trend. It balances short-term volatility and longer-term stability, providing insight into the more persistent trend. Price pullbacks to the 25-period SMA during an uptrend can act as a buying opportunity for trend traders, while pullbacks during a downtrend may offer shorting opportunities. - Pullback and Continuation: In trending markets, price often retraces to the 25-period SMA before continuing in the direction of the trend. For instance, if the price is in a bullish trend, traders may look for support at the 25-period SMA for potential continuation trades. - 99-period Moving Average (Long-Term Trend and Market Sentiment ): The 99-period SMA is the most critical for identifying the overall market trend. Price consistently trading above the 99-period SMA indicates long-term bullish momentum, while price staying below the 99-period SMA suggests bearish sentiment. - Trend Confirmation : Price action above the 99-period SMA confirms long-term upward momentum, while price action below it confirms a downtrend. The space between the shorter moving averages (7 and 25) and the 99-period SMA gives a sense of the strength or weakness of the trend. Larger gaps between the 7 and 99 SMAs suggest strong bullish momentum, while close proximity indicates consolidation or potential reversals. - Price Action in Trending Markets : Traders often use the 99-period SMA as a dynamic support/resistance level. In strong trends, price tends to stay on one side of the 99-period SMA for extended periods, with breaks above or below signaling major changes in market sentiment. Why These Numbers Matter: 7-Period MA : The 7-period moving average is a popular choice among short-term traders who want to capture quick momentum changes. It helps visualize immediate market sentiment and is often used in conjunction with price action to time entries or exits. - 25-Period MA: The 25-period MA is a key indicator for swing traders. It balances sensitivity and stability, providing a clearer picture of the intermediate trend. It helps traders stay in trades longer by filtering out short-term noise, while still being reactive enough to detect reversals. - 99-Period MA : The 99-period moving average provides a broad view of the market's direction, filtering out much of the short- and medium-term noise. It is crucial for identifying long-term trends and assessing whether the market is bullish or bearish overall. It acts as a key reference point for longer-term trend followers, helping them stay with the broader market sentiment. Conclusion: From a supply and demand perspective, the 7, 25, and 99-period moving averages help traders visualize shifts in the balance between buyers and sellers over different time horizons. The price action interaction with these moving averages provides valuable insight into short-term momentum, intermediate trends, and long-term market sentiment. Using these three MAs together gives a more comprehensive understanding of market conditions, helping traders align their strategies with prevailing trends across various timeframes. ------------- RULE BASED SYSTEM --------------- Overview of the Rule-Based System: This system will use the following moving averages: 7-period MA: Represents short-term price action. 25-period MA: Represents medium-term price action. 99-period MA: Represents long-term price action. 1. Trend Identification Rules: Bullish Trend: The 7-period MA is above the 25-period MA, and the 25-period MA is above the 99-period MA. This structure shows that short, medium, and long-term trends are aligned in an upward direction, indicating strong bullish momentum. Bearish Trend: The 7-period MA is below the 25-period MA, and the 25-period MA is below the 99-period MA. This suggests that the market is in a downtrend, with bearish momentum dominating across timeframes. Neutral/Consolidation: The 7-period MA and 25-period MA are flat or crossing frequently with the 99-period MA, and they are close to each other. This indicates a sideways or consolidating market where there’s no strong trend direction. 2. Entry Rules: Bullish Entry (Buy Signals): Primary Buy Signal: The price crosses above the 7-period MA, AND the 7-period MA is above the 25-period MA, AND the 25-period MA is above the 99-period MA. This indicates the start of a new upward trend, with alignment across the short, medium, and long-term trends. Pullback Buy Signal (for trend continuation): The price pulls back to the 25-period MA, and the 7-period MA remains above the 25-period MA. This indica tes that the pullback is a temporary correction in an uptrend, and buyers may re-enter the market as price approaches the 25-period MA. You can further confirm the signal by waiting for price action (e.g., bullish candlestick patterns) at the 25-period MA level. Breakout Buy Signal: The price crosses above the 99-period MA, and the 7-period and 25-period MAs are also both above the 99-period MA. This confirms a strong bullish breakout after consolidation or a long-term downtrend. Bearish Entry (Sell Signals): Primary Sell Signal: The price crosses below the 7-period MA, AND the 7-period MA is below the 25-period MA, AND the 25-period MA is below the 99-period MA. This indicates the start of a new downtrend with alignment across the short, medium, and long-term trends. Pullback Sell Signal (for trend continuation): The price pulls back to the 25-period MA, and the 7-period MA remains below the 25-period MA. This indicates that the pullback is a temporary retracement in a downtrend, providing an opportunity to sell as price meets resistance at the 25-period MA. Breakdown Sell Signal: The price breaks below the 99-period MA, and the 7-period and 25-period MAs are also below the 99-period MA. This confirms a strong bearish breakdown after consolidation or a long-term uptrend reversal. 3. Exit Rules: Bullish Exit (for long positions): Short-Term Exit: The price closes below the 7-period MA, and the 7-period MA starts crossing below the 25-period MA. This indicates weakening momentum in the uptrend, suggesting an exit from the long position. Stop-Loss Trigger: The price falls below the 99-period MA, signaling the breakdown of the long-term trend. This can act as a final exit signal to minimize losses if the long-term uptrend is invalidated. Bearish Exit (for short positions): Short-Term Exit: The price closes above the 7-period MA, and the 7-period MA starts crossing above the 25-period MA. This indicates a potential weakening of the downtrend and signals an exit from the short position. Stop-Loss Trigger: The price breaks above the 99-period MA, invalidating the bearish trend. This signals that the market may be reversing to the upside, and exiting short positions would be prudent.
Indicateur Pine Script®
par TheUltimateBullRun
Auto Volume Spread Analysis (VSA) [TANHEF]Auto Volume Spread Analysis (visible volume and spread bars auto-scaled): Understanding Market Intentions through the Interpretation of Volume and Price Movements. All the sections below contain the same descriptions as my other indicator "Volume Spread Analysis" with the exception of 'Auto Scaling'. █ Auto-Scaling This indicator auto-scales spread bars to match the visible volume bars, unlike the previous "Volume Spread Analysis " version which limited the number of visible spread bars to a fixed count. The auto-scaling feature allows for easier navigation through historical data, enabling both more historical spread bars to be viewed and more historical VSA pattern labels being displayed without requiring using the bar replay tool. Please note that this indicator’s auto-scaling feature recalculates the visible bars on the chart, causing the indicator to reload whenever the chart is moved. Auto-scaled spread bars have two display options (set via 'Spread Bars Method' setting): Lines: a bar lookback limit of 500 bars. Polylines: no bar lookback limit as only plotted on visible bars on chart, which uses multiple polylines are used. █ Simple Explanation: The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides insights into market behavior through color-coded volume/spread bars and identification of bars indicating strength, weakness, and neutrality between buyers and sellers. It also includes powerful volume and spread forecasting capabilities. █ Laws of Volume Spread Analysis (VSA): The origin of VSA begins with Richard Wyckoff, a pivotal figure in its development. Wyckoff made significant contributions to trading theory, including the formulation of three basic laws: The Law of Supply and Demand: This fundamental law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply. The Law of Cause and Effect: This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend. The Law of Effort vs. Result: This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly. █ Volume and Spread Analysis Bars: Display: Volume and spread bars that consist of color coded levels, with the spread bars scaled to match the volume bars. A displayable table (Legend) of bar colors and levels can give context and clarify to each volume/spread bar. Calculation: Levels are calculated using multipliers applied to moving averages to represent key levels based on historical data: low, normal, high, ultra. This method smooths out short-term fluctuations and focuses on longer-term trends. Low Level: Indicates reduced volatility and market interest. Normal Level: Reflects typical market activity and volatility. High Level: Indicates increased activity and volatility. Ultra Level: Identifies extreme levels of activity and volatility. This illustrates the appearance of Volume and Spread bars when scaled and plotted together: █ Forecasting Capabilities: Display: Forecasted volume and spread levels using predictive models. Calculation: Volume and Spread prediction calculations differ as volume is linear and spread is non-linear. Volume Forecast (Linear Forecasting): Predicts future volume based on current volume rate and bar time till close. Spread Forecast (Non-Linear Dynamic Forecasting): Predicts future spread using a dynamic multiplier, less near midpoint (consolidation) and more near low or high (trending), reflecting non-linear expansion. Moving Averages: In forecasting, moving averages utilize forecasted levels instead of actual levels to ensure the correct level is forecasted (low, normal, high, or ultra). The following compares forecasted volume with actual resulting volume, highlighting the power of early identifying increased volume through forecasted levels: █ VSA Patterns: Criteria and descriptions for each VSA pattern are available as tooltips beside them within the indicator’s settings. These tooltips provide explanations of potential developments based on the volume and spread data. Signs of Strength (🟢): Patterns indicating strong buying pressure and potential market upturns. Down Thrust Selling Climax No Effort ➤ Bearish Result Bearish Effort ➤ No Result Inverse Down Thrust Failed Selling Climax Bull Outside Reversal End of Falling Market (Bag Holder) Pseudo Down Thrust No Supply Signs of Weakness (🔴): Patterns indicating strong selling pressure and potential market downturns. Up Thrust Buying Climax No Effort ➤ Bullish Result Bullish Effort ➤ No Result Inverse Up Thrust Failed Buying Climax Bear Outside Reversal End of Rising Market (Bag Seller) Pseudo Up Thrust No Demand Neutral Patterns (🔵): Patterns indicating market indecision and potential for continuation or reversal. Quiet Doji Balanced Doji Strong Doji Quiet Spinning Top Balanced Spinning Top Strong Spinning Top Quiet High Wave Balanced High Wave Strong High Wave Consolidation Bar Patterns (🟡): Common candlestick patterns that offer insights into market sentiment. These are required in some VSA patterns and can also be displayed independently. Bull Pin Bar Bear Pin Bar Doji Spinning Top High Wave Consolidation This demonstrates the acronym and descriptive options for displaying bar patterns, with the ability to hover over text to reveal the descriptive text along with what type of pattern: █ Alerts: VSA Pattern Alerts: Notifications for identified VSA patterns at bar close. Volume and Spread Alerts: Alerts for confirmed and forecasted volume/spread levels (Low, High, Ultra). Forecasted Volume and Spread Alerts: Alerts for forecasted volume/spread levels (High, Ultra) include a minimum percent time elapsed input to reduce false early signals by ensuring sufficient bar time has passed. █ Inputs and Settings: Indicator Bar Color: Select color schemes for bars (Normal, Detail, Levels). Indicator Moving Average Color: Select schemes for bars (Fill, Lines, None). Price Bar Colors: Options to color price bars based on VSA patterns and volume levels. Legend: Display a table of bar colors and levels for context and clarity of volume/spread bars. Forecast: Configure forecast display and prediction details for volume and spread. Average Multipliers: Define multipliers for different levels (Low, High, Ultra) to refine the analysis. Moving Average: Set volume and spread moving average settings. VSA: Select the VSA patterns to be calculated and displayed (Strength, Weakness, Neutral). Bar Patterns: Criteria for bar patterns used in VSA (Doji, Bull Pin Bar, Bear Pin Bar, Spinning Top, Consolidation, High Wave). Colors: Set exact colors used for indicator bars, indicator moving averages, and price bars. More Display Options: Specify how VSA pattern text is displayed (Acronym, Descriptive), positioning, and sizes. Alerts: Configure alerts for VSA patterns, volume, and spread levels, including forecasted levels. █ Usage: The Volume Spread Analysis indicator is a helpful tool for leveraging volume spread analysis to make informed trading decisions. It offers comprehensive visual and textual cues on the chart, making it easier to identify market conditions, potential reversals, and continuations. Whether analyzing historical data or forecasting future trends, this indicator provides insights into the underlying factors driving market movements.
Indicateur Pine Script®
par TanHef
7
Volume Spread Analysis [TANHEF]Volume Spread Analysis: Understanding Market Intentions through the Interpretation of Volume and Price Movements. █ Simple Explanation: The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides insights into market behavior through color-coded volume/spread bars and identification of bars indicating strength, weakness, and neutrality between buyers and sellers. It also includes powerful volume and spread forecasting capabilities. █ Laws of Volume Spread Analysis (VSA): The origin of VSA begins with Richard Wyckoff, a pivotal figure in its development. Wyckoff made significant contributions to trading theory, including the formulation of three basic laws: The Law of Supply and Demand: This fundamental law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply. The Law of Cause and Effect: This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend. The Law of Effort vs. Result: This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly. █ Volume and Spread Analysis Bars: Display: Volume and/or spread bars that consist of color coded levels. If both of these are displayed, the number of spread bars can be limited for visual appeal and understanding, with the spread bars scaled to match the volume bars. While automatic calculation of the number of visual bars for auto scaling is possible, it is avoided to prevent the indicator from reloading whenever the number of visual price bars on the chart is adjusted, ensuring uninterrupted analysis. A displayable table (Legend) of bar colors and levels can give context and clarify to each volume/spread bar. Calculation: Levels are calculated using multipliers applied to moving averages to represent key levels based on historical data: low, normal, high, ultra. This method smooths out short-term fluctuations and focuses on longer-term trends. Low Level: Indicates reduced volatility and market interest. Normal Level: Reflects typical market activity and volatility. High Level: Indicates increased activity and volatility. Ultra Level: Identifies extreme levels of activity and volatility. This illustrates the appearance of Volume and Spread bars when scaled and plotted together: █ Forecasting Capabilities: Display: Forecasted volume and spread levels using predictive models. Calculation: Volume and Spread prediction calculations differ as volume is linear and spread is non-linear. Volume Forecast (Linear Forecasting): Predicts future volume based on current volume rate and bar time till close. Spread Forecast (Non-Linear Dynamic Forecasting): Predicts future spread using a dynamic multiplier, less near midpoint (consolidation) and more near low or high (trending), reflecting non-linear expansion. Moving Averages: In forecasting, moving averages utilize forecasted levels instead of actual levels to ensure the correct level is forecasted (low, normal, high, or ultra). The following compares forecasted volume with actual resulting volume, highlighting the power of early identifying increased volume through forecasted levels: █ VSA Patterns: Criteria and descriptions for each VSA pattern are available as tooltips beside them within the indicator’s settings. These tooltips provide explanations of potential developments based on the volume and spread data. Signs of Strength (🟢): Patterns indicating strong buying pressure and potential market upturns. Down Thrust Selling Climax No Effort → Bearish Result Bearish Effort → No Result Inverse Down Thrust Failed Selling Climax Bull Outside Reversal End of Falling Market (Bag Holder) Pseudo Down Thrust No Supply Signs of Weakness (🔴): Patterns indicating strong selling pressure and potential market downturns. Up Thrust Buying Climax No Effort → Bullish Result Bullish Effort → No Result Inverse Up Thrust Failed Buying Climax Bear Outside Reversal End of Rising Market (Bag Seller) Pseudo Up Thrust No Demand Neutral Patterns (🔵): Patterns indicating market indecision and potential for continuation or reversal. Quiet Doji Balanced Doji Strong Doji Quiet Spinning Top Balanced Spinning Top Strong Spinning Top Quiet High Wave Balanced High Wave Strong High Wave Consolidation Bar Patterns (🟡): Common candlestick patterns that offer insights into market sentiment. These are required in some VSA patterns and can also be displayed independently. Bull Pin Bar Bear Pin Bar Doji Spinning Top High Wave Consolidation This demonstrates the acronym and descriptive options for displaying bar patterns, with the ability to hover over text to reveal the descriptive text along with what type of pattern: █ Alerts: VSA Pattern Alerts: Notifications for identified VSA patterns at bar close. Volume and Spread Alerts: Alerts for confirmed and forecasted volume/spread levels (Low, High, Ultra). Forecasted Volume and Spread Alerts: Alerts for forecasted volume/spread levels (High, Ultra) include a minimum percent time elapsed input to reduce false early signals by ensuring sufficient bar time has passed. █ Inputs and Settings: Display Volume and/or Spread: Choose between displaying volume bars, spread bars, or both with different lookback periods. Indicator Bar Color: Select color schemes for bars (Normal, Detail, Levels). Indicator Moving Average Color: Select schemes for bars (Fill, Lines, None). Price Bar Colors: Options to color price bars based on VSA patterns and volume levels. Legend: Display a table of bar colors and levels for context and clarity of volume/spread bars. Forecast: Configure forecast display and prediction details for volume and spread. Average Multipliers: Define multipliers for different levels (Low, High, Ultra) to refine the analysis. Moving Average: Set volume and spread moving average settings. VSA: Select the VSA patterns to be calculated and displayed (Strength, Weakness, Neutral). Bar Patterns: Criteria for bar patterns used in VSA (Doji, Bull Pin Bar, Bear Pin Bar, Spinning Top, Consolidation, High Wave). Colors: Set exact colors used for indicator bars, indicator moving averages, and price bars. More Display Options: Specify how VSA pattern text is displayed (Acronym, Descriptive), positioning, and sizes. Alerts: Configure alerts for VSA patterns, volume, and spread levels, including forecasted levels. █ Usage: The Volume Spread Analysis indicator is a helpful tool for leveraging volume spread analysis to make informed trading decisions. It offers comprehensive visual and textual cues on the chart, making it easier to identify market conditions, potential reversals, and continuations. Whether analyzing historical data or forecasting future trends, this indicator provides insights into the underlying factors driving market movements.
Indicateur Pine Script®
par TanHef
23
Supply & Demand (MTF) | Flux Charts💎 GENERAL OVERVIEW Introducing our new Supply and Demand (MTF) Indicator! This new indicator renders Supply and Demand zones based on momentum candles. It can detect Supply and Demand zones across up to 3 diferent timeframes. It's capable of combining zones, retest & break labels and it's customizable with invalidation and style settings. Features of the new Supply and Demand (MTF) Indicator: Renders Supply and Demand Zones Across 3 Timeframes Combination Of Overlapping Zones Retest & Break Labels Retest & Break Alerts Enable / Disable Historic Zones Visual Customizability 📌 HOW DOES IT WORK ? Supply and Demand is a key concept in trading. It helps traders see the zones that market-makers buy & sell the asset in large amounts. It's detected by finding momentum candles (candles that have large bodies) in a row. Momentum candles are defined to have a larger body than the average candle in the chart, and at least 4 of them in a row is required to draw a supply or demand zone. The zone is drawn from the high wick to low wick of two candles before the first momentum candle in the row. Check this example : These zones are usually where market makers trade the asset in larger amounts. Thus, they act as support & resistance zones by their nature. A retest of these zones can make the price bounce to the opposite direction, while a breakout usually means strong price action momentum is incoming in that direction. Supply zones indicate bearish momentum while demand zones indicate bullish momentum. Check this example : Here a Supply Zone (Bearish) forms. Then price comes back up to test the zone, and it fails to break. After the failed attemp, a stong bearish momentum takes the price back to a lower level. Then another test of the zone occurs and successfully breaks the zone this time. This breakout starts a bullish momentum that takes the price to a higher level. 🚩UNIQUENESS This indicator provides Supply and Demand zones in your chart with pure simplicity. It supports up to 3 different timeframes as we believe supporting your trades with higher timeframes can improve your trading experience. It also gets rid of complexity by combining overlapping zones into a single zone, even if they are from different timeframes! You can also set-up alerts to get notified when a supply or demand zone is being retested, or is broken. Overall, this indicator is the ultimate kit for supply and demand zones. ⚙️SETTINGS 1. General Configuration Max Distance To Last Bar -> The maximum distance that the indicator will render supply and demand zones from. Higher settings mean rendering older supply and demand zones. Zone Invalidation -> Select between Wick & Close price for Supply and Demand Zone Invalidation. Retests & Breaks -> Enable retest & break labels in your chart. Show Historic Zones -> This will show historic supply & demand zones which are invalidated if enabled. You can disable this to only see active supply and demand zones for a simpler chart. 2. Timeframes You can set up to 3 different timeframes and enable / disable them using the checkboxes in this section.
Indicateur Pine Script®
par fluxchart
18
Zones DetectorThis indicator highlights supply and demand zones. Method to detect the zones: 1.- The body of the candle is calculated and it is checked how many times it can be repeated in its highest or lowest wick. If the body of the candle is repeated N number of times (Min. Factor) in any of its wicks, it is taken as an indecision zone. 2.- The subsequent candles are reviewed (Confirmation Bars) to determine if the zone is of supply or demand. For demand zones, subsequent prices must be above the minimum price of the indecision zone and for supply zones, subsequent prices must be below the maximum price of the indecision zone. 3.- The previous average volume of N periods (Periods) to the indecision zone is calculated and check that has a minimum percentage change (Min. Volume Change) with respect to the indecision zone and its subsequent candles (Confirmation Bars). If the previous steps are met, the zone will be highlighted with a green color for demand (Zones/Demand) and red for supply (Zones/Supply), for the indecision zones (identified by point 1) they will be highlighted in gray (Zones/Indecision) Invalid zones are automatically hidden from the chart, using methods such as: "wick" and "close". Settings Indecision Min. Factor: Set the number of times that the body of the candle must be repeated in its wicks. High values will be stronger indecision zones, but fewer will be found, low values will find more zones. Invalidation Method: Method used to automatically invalidate zones. It can be "wick" or "close". Confirmation Bars: Defines the number of candles used to confirm an indecision zone found Volume Min. Volume Change(%): Percentage of minimum change in volume (+/-) that the zone must have to be displayed Previous Periods: Number of previous periods to be used to calculate the average volume prior to the indecision zone. Zones Show Last.- Number of zones (demand, supply, indecision) to be shown. Demand.- Color to highlight the demand zones Supply.- Color to highlight the supply zones Indecision.- Color to highlight the indecision zones Use The highlighted supply and demand zones can be used as support or resistance to place orders.
Indicateur Pine Script®
par CaLaHe
36
Demand and Supply Candles-openThis Script helps you identify the basing and explosive candles which can be used for Supply and Demand Analysis methodology Blue Candle represents the Boring Candles ==> Demand and Supply is in balance Black Candle represents the Exciting Candles ==> imbalance between Demand and Supply If you are looking for automatic indicator for demand and supply zones, you will have to tradingview home page and in search bar drop down select people and in searchbox "ConfidentSelfTrader", then select SCRIPTS, then click on "Demand and Supply Zones indicator", scroll down and add it as your Favorite Scripts, then you can use "Demand and Supply Zones indicator" for free....
Indicateur Pine Script®
par CSTAcademyPurushothamGowda
18
Institutional Zone Detector [Scalping-Algo]█ OVERVIEW The Institutional Zone Detector identifies key supply and demand zones where large market participants (institutions, banks, hedge funds) have likely placed significant orders. These zones often act as powerful support and resistance levels, making them strategic areas for trade entries and exits. This indicator is non-repainting, meaning once a signal appears on your chart, it will never disappear or change position. What you see in backtesting is exactly what you would have seen in real-time. █ CORE CONCEPT Markets move when large players execute substantial orders. These orders leave footprints in the form of specific candlestick patterns: Demand Zones (Bullish) When institutions accumulate positions, we often see a bearish candle followed by a strong bullish sequence. The last bearish candle before this move marks the demand zone - an area where buying pressure overwhelmed sellers. Supply Zones (Bearish) When institutions distribute positions, we typically see a bullish candle followed by a strong bearish sequence. The last bullish candle before this move marks the supply zone - an area where selling pressure overwhelmed buyers. Price has a tendency to revisit these zones, offering potential trade opportunities. █ HOW IT WORKS The indicator scans for: 1. A potential zone candle (bearish for demand, bullish for supply) 2. A sequence of consecutive candles in the opposite direction 3. Optional: A minimum percentage move to filter weak signals When all conditions are met, the zone is marked on your chart with: • Upper and lower boundaries (solid lines) • Equilibrium/midpoint level (cross marker) • Extended channel lines for easy visualization █ SETTINGS Consecutive Candles Required (Default: 5) Number of same-direction candles needed after the zone candle to confirm the pattern. Higher values = fewer but stronger signals. Minimum Move Threshold % (Default: 0.0) Minimum percentage price movement required to validate a zone. Increase this to filter out weak moves and focus on significant institutional activity. Display Full Candle Range (Default: Off) • Off: Shows Open-to-Low for demand zones, Open-to-High for supply zones • On: Shows complete High-to-Low range of the zone candle Show Demand/Supply Zone Channel (Default: On) Toggle extended horizontal lines that project the zone levels across your chart. Visual Theme (Default: Dark) Choose between Dark (white/blue) or Light (green/red) color schemes. Show Statistics Panel (Default: Off) Displays a floating panel with exact price levels of the most recent zones. Display Info Tooltip (Default: Off) Shows an information label with indicator documentation. █ HOW TO USE Entry Strategies 1. Zone Bounce (Mean Reversion) • Wait for price to return to a previously identified zone • Look for rejection candles (pin bars, engulfing patterns) at zone levels • Enter in the direction of the original zone (long at demand, short at supply) • Place stops beyond the zone boundary 2. Zone Break (Momentum) • When price breaks through a zone with strong momentum • The broken zone often becomes the opposite type (broken demand becomes supply) • Use for trend continuation trades 3. Equilibrium Trades • The midpoint (cross marker) often acts as a magnet for price • Can be used as a first target or as an entry point for scaled positions Risk Management • Always place stop-loss orders beyond zone boundaries • Consider the zone width when calculating position size • Wider zones = wider stops = smaller position size • Use the equilibrium level for partial profit taking Best Practices • Higher timeframes produce more reliable zones • Zones on multiple timeframes (confluence) are stronger • Fresh/untested zones are more powerful than zones that have been touched multiple times • Combine with other analysis methods (trend direction, volume, market structure) █ ALERTS Two alert conditions are available: • "Demand Zone Identified" - Triggers when a new demand zone is detected • "Supply Zone Identified" - Triggers when a new supply zone is detected To set up alerts: Click on the indicator name → Add Alert → Select condition █ IMPORTANT NOTES • This indicator is a tool for analysis, not a complete trading system • Signals are NOT automatic buy/sell recommendations • Always use proper risk management • Past performance does not guarantee future results • Works on all markets and timeframes • Non-repainting: Signals appear only after bar close confirmation █ ACKNOWLEDGMENTS Inspired by institutional order flow concepts and smart money trading methodologies. Built with a focus on reliability and practical application.
Indicateur Pine Script®
par A1TradingHub