Demand Supply Zone Indicator
The Demand Supply Zone indicator helps in identifying the Demand Supply zones on chart by pinpointing them. The indicator looks for patterns of Drop-Base-Rally and Rally-Base-Rally and when such pattern is available the indicator marks it as DZ ( Demand Zone ). Likewise, if the indicator finds a pattern of Rally-Base-Drop or Drop-Base-Drop the indicator marks it as SZ ( Supply Zone ). The basing candles are changed to Blue color and the Legout candle is changed to Black color.
The setting for legout strength can be customized as follows
1 – Good Legout Strength
1.5 – Strong Legout Strength
2 - Very Strong Legout Strength
The setting for number of candles in the basing can be customized from 1 to 6.
Use the link below to obtain access to this indicator.
The setting for legout strength can be customized as follows
1 – Good Legout Strength
1.5 – Strong Legout Strength
2 - Very Strong Legout Strength
The setting for number of candles in the basing can be customized from 1 to 6.
Use the link below to obtain access to this indicator.
Notas de prensa:
The Demand Supply Zone indicator has been update to Version 2.0. New version has a lot more features added. 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. Proximal and Distal Values
12. Color customization for Demand Supply Zone Labels
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. Proximal and Distal Values
12. Color customization for Demand Supply Zone Labels
Notas de prensa:
Bug Fix
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Bug fix for pattern identification
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Bug Fix
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Number of Labels increased from 50 to 500
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Changed few default options
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Version 3
Automatically draws the Demand and Supply zones
Automatically draws the Demand and Supply zones
Notas de prensa:
Bug Fix
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Option added to change the Proximal Distal Line Width
Notas de prensa:
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
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
Notas de prensa:
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.
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.
Notas de prensa:
Code enhancements
Notas de prensa:
Bug Fix - If the indicator is already applied to your chart please remove it and add it again. If the indicator name will starts with 4.2.1, you have the latest version.
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Bug fix
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Code optimization
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Code optimization.
New feature to show current settings on the chart top right corner.
New feature to show current settings on the chart top right corner.
Notas de prensa:
Code optimization and grouped options in indicator settings.
Notas de prensa:
Code optimization
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Version 4.2.5
Code optimized and a bug fix.
Code optimized and a bug fix.
Notas de prensa:
Features Added in Version 5.0
1. Automated Curve Analysis.
2. Automated Zone Violations (recent 2 zones)
1. Automated Curve Analysis.
2. Automated Zone Violations (recent 2 zones)
Notas de prensa:
Curve analysis will not give error even if the zones are far back in history.
Notas de prensa:
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.
1. Option to mark the zone using WickToWick or BodyToWick method.
2. Option to display Proximal and Distal values inside the zone.
Notas de prensa:
Changelog:
- New Improved Algorithm for Zone Identification
- Option to select Legin method
- Zones based on GAPS
Notas de prensa:
The following feature has been added to version 5.3.2
1. Zones On Visible Chart Data
2. Auto settings for HTF, ITF, RTF
1. Zones On Visible Chart Data
2. Auto settings for HTF, ITF, RTF
Notas de prensa:
Now you can input custom time frames for HTF, ITF and RTF.
Notas de prensa:
Bug Fix for Zone Violations
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Features Added
- Improved Algorithm.
- Option to Enable/Disable Basing and Legout Candle Color.
Notas de prensa:
Bug fix