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Supply_and_demand

Bagang Pivot Zones | Supply & Demand, Support & ResistanceBagang Pivot Zones detects imbalances from classic reversal and momentum price actions. Imbalances create pivot zones, a.k.a Supply & Demand / Support & Resistance / Orderblock zones. Use Cases 1. Traders using Supply & Demand theory can quickly pinpoint imbalance zones created by BUY-to-SELL and SELL-to-BUY candles. 2. Trend Following traders can systematically catch and follow a trend based on pivot zones analysis. 3. Breakout traders can easily target pivot zones’ breakout and breakdown. 4. Take the guesswork out of risk management: manage stop-loss precisely behind pivot zones. 5. Analyze contrary pivot zones to set realistic profit targets. Objectivity By only comparing OHLC values to identify notable price actions, Bagang Pivot Zones avoids derived calculations with subjective parameters. Chart Issue If the chart zooms out after adding an indicator, right-click the price scale and toggle "Scale price chart only” on.
Pine Script™ indicator
by lai_thanh_trung
28
Gap ZonesSharing a simple gap zone identifier, simply detects gap up/down areas and plots them for visual reference. Calculation uses new candle open compared to previous candle close and draws the zone, a mid point is plotted also as far too often it's significance is proven effective. Works on any timeframe and market though I recommend utilizing timeframes such as weekly or daily for viewing at lower timeframes such as 5, 15 or 30 minutes. Often price is observed reaching towards zone high/mid/low before rejection/bouncing. These gap zones can give quantitative basis for trade management. Future features may include alerts based on price crossing up/down gap low, mid and highs. Feel free to message with any other suggestions.
Pine Script™ indicator
by syntaxgeek
7
SuperTrend Support & Resistance(My goal creating this indicator) : Provide a way to categorize and label key structures on multiple time frames so I can create a plan based on those observable facts. The Underlying Concept / What is Momentum? The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum. On the first bar bearish momentum is detected a resistance Level is made at the highest point of the previous bullish condition. On the first bar bullish momentum is detected a support Level is made at the lowest point of the previous bearish condition. As I become a better analyst I will find better techniques and this source code may become open-source, but as of now it remains protected. This indicator scans for bullish & bearish Momentum on the Timeframes selected by the user and when there is a shift in momentum on any of those time frames (price closes below or above SUPERTREND ) it notifies the trader with a Supply or Demand level with a unique color and Size to signify the severity of said level. What is Severity? Severity is How we differentiate the importance of different Highs and Lows. If Momentum is detected on a higher timeframe the Supply or Demand Level is updated. The Color and Size representing that higher timeframe will be shown. Demand and Supply Levels made by higher Timeframes are more SEVERE then a demand level made by a lower Timeframe. Technical Inputs - If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals. - to ensure the correct calculation of Support and Resistance levels change BAR_INDEX. BAR_INDEX creates a buffer at the start of the chart. For example: If you set BAR_INDEX to 300. The script will wait for 300 bars to elapse on the current chart before running. This allows the script more time to gather data. Which is needed in order for our dynamic lookback length to never return an error(Dynamic lookback length cant be negative or zero). The lower the timeframe the greater the amount of bars need. For Example if I open up a 30 sec chart I would enter 5000 as my BAR_INDEX since that will provide enough data to ensure the correct calculation of Support and Resistance levels. Time Frame Inputs - The indicator has 3 Time Frame Displays where you can choose how SEVERE You want the Supply and Demand Levels. For Example: 1min, 3min, 5min, 15 min Levels, 60 min levels Weekly Levels, etc.....The higher the Timeframe Selected the more SEVERE the Level. - Use the Amount of time Frames input to increase or limit the amount of time frames that will be displayed onto the chart. Display Inputs - The toggle (Trend or Basic) option Lets the trend determine the colors of the Support and Resistance Levels or Basic where the color is strictly based on if its a high or a low ( Trend = HH,HL,LL,LH) - Toggle options (Close) and (High & Low) creates Support and Resistance Levels using the Lowest close and Highest close or using the Lowest low and Highest high. Toggle on both or toggle off both in order to use both these values when determining the trend of your chart. For Example this would mean (Price has to close higher then the highest high. Not only make a higher high or a higher close) and the inverse (Price has to close lower then the lowest low. Not only make a lower low or a lower close) How Trend Is being Determined ? (Previous Supply Level > Current Supply Level ) if this statement is true then its s LH so the trend is bearish if this statement is false then its a HH so the trend is bullish (Previous Demand Level > Current Demand Level ) if this statement is true then its a LL so the trend is bearish if this statement is false then its a HL so the trend is bullish (Close > Current Supply Level ) if this statement is true technically price made a HH so the trend is bullish (Close < Current Demand Level ) if this statement is true technically price made a LL so the trend is bearish - Fully customize how you display and label Market Structure in specific timeframes. Line Length, Line Width, Line Style, Label Distance, Label Size, Label Background Size, and Background Color can all be customized. - Lastly Is the Trend Chart. To Easily verify the current trend of any timeframes displayed by this indicator toggle on Chart On/Off . You also get the option to change the Chart Position and the size of the Trend Chart *****The Current charts timeframe has to lower then a month to ensure correct calculation of Supply and Demand Levels***** How it can be used ? (Examples of Different ways you can use this indicator) : Easily categorize the severity of each and every Supply or Demand Level in the market (The higher the time frame the stronger the level) : Quickly Determine the trend of any Timeframe : Get a consistent view of a market and how different time frames are behaving but just use one chart. : Take the discretion from hand drawing support and resistance lines out of your trading : Find and categorize strong levels for potential breakouts : Trend Analysis, Use multiple time frames to create a narrative based on observable facts from these time frames : Different Targets to take money off the table : Use labels to differentiate between different trend line setups : Find Great places to move your stop loss too.
Pine Script™ indicator
by Who7is7Like7God
17
Next Gen Auto S/RThis indicator will automatically plot support and resistance levels and will also allow you to overlay multi time frame support and resistance on any time frame that you are currently conducting analysis on. In addition you can also set alerts when a support and resistance level is tested, fine tune how many levels you would like to view on your charts, option to input how many candlesticks minimum you would like between support and resistance levels. You can also select breakout mode which will turn old support into resistance by a colour change and turn old resistance into support. NEW you can now use extended levels and change your zones into lines.
Pine Script™ indicator
by THE_GOLDEN_SUITE
5
Money Flow LineWhat is this? The Money Flow Line (MFL) indicator is at its core a more even-tempered version of the Price-Volume-Trend (PVT). The primary difference is the usage of `hlc3` ((high + low + close) / 3) rather than `close` to use the "typical price" that it critical to the calculation of the Money Flow Index (MFI). Other similar indicators include the Accumulation Distribution Line (ADL) and the On Balance Volume (OBV) indicators. The purpose of all of these indicators is to attempt to measure the strength of the money flow by combining price and volume into a rolling measurement that can be compared over time to look for confirmations and divergences. The indicator also includes an optional averaging (smoothing) line that can be enabled in the display settings. Enabling this smoothing line with a desired period allows for simpler trend comparisons and also allows the user to view how far the line has diverged from the mean. This creates an indicator very similar to Elder's Force Index (EFI), which is also a `close * volume` style indicator. Why is this important? After an extreme movement or volume spike the MFI will "snap back" sharply as that bar eventually exits the set period. This produces a result that is meaningless and skews the indicator away from the market structure. Because of this behavior, range clamping, and the loss of comparative history I prefer to shy away from oscillator style indicators. The Money Flow Line instead gives you all of the history so you may compare and see the broader trend without sharp snaps in history based on an arbitrary period setting. Why is this better? This produces a no-lag indicator that isn't subject to the harsh skewing produced by they Money Flow Index's period calculation. It doesn't lose history like MFI or EFI, is clear about the trend direction, and prefers a "typical price" (averaging the entire range of each bar) rather than whatever happens to be the closing price for a given bar. How can I use it? The indicator is attempting to measure supply and demand in the markets. No indicator is perfect, but we can use all of the information we have available to make our best predictions. There are only 3 pieces of data the market gives us: 1. Price (action) 2. Volume 3. Time The Money Flow Line combines all of these data points into a readable rolling data set that attempts to show subtle balance of power shifts based on changes in volume and "smart money" (or "big money") stepping in and out of the picture. Much like PVT, we look for the same things: - Trend Identification: an up or down trend appears in the MFL - Confirmations: the MFL agrees with price action in direction and magnitude - Divergence: the MFL disagrees with price action, indicating a reversal may be coming soon When applying the smoothing line we can also look for similar things we would with EFI. The primary case would be to look for the MFL to jump very far away from the mean (a high magnitude movement) which indicates that price may be reverting towards the mean soon (a "mean reversion"). On the other hand, it may indicate strength in the current price direction. All of these predictions depend heavily on price action and market structure. Good luck!
Pine Script™ indicator
by jocull
2
RSI Supply / Demand ZonesLines plotted for the Low and High of the region of price that was Overbought or Oversold (Low of the candle that became overbought and highest high in the Overbought period) (High of the candle that became oversold and highest high in the Oversold period) I like to use the dotted lines as pivot points for the reversal of the trend, and also pay attention to small tops and bottoms (normal lines) that form in strong trends, as they usually make for brief periods of acummulation/distribution before the continuation of the strong trend.
Pine Script™ indicator
by GioLucaas
13