MTF Supply and Demand Zones [MMT]

Description
The MTF Supply and Demand Zones [MMT] indicator is a powerful tool designed to identify and display supply and demand zones across multiple timeframes (MTF) on your TradingView chart. These zones highlight key areas where price is likely to react, based on significant price movements in higher timeframes. The indicator is highly customizable, allowing traders to adjust zone strength, timeframes, colors, and display settings to suit their trading style.

Key Features

• Multi-Timeframe Analysis: Detects supply and demand zones from up to five user-defined timeframes (e.g., 30m, 1H, 4H, 1D, 1W).
  
• Zone Strength Filter: Filters zones based on the strength of price movements, ensuring only significant zones are displayed.
  
• Customizable Display: Toggle supply and demand zones on/off, adjust colors, border styles, and label settings for clarity.
  
• Dynamic Zone Extension: Extends zones to the right of the chart for better visibility, with adjustable extension length.
  
• Zone Cleanup: Automatically removes zones when price breaks through them, keeping the chart clean and relevant.
  
• Labels: Displays timeframe labels on zones for easy identification, with customizable size, color, and alignment.
  

How It Works

• Supply Zones: Identified when a strong bearish candle follows a bullish or neutral candle, indicating potential selling pressure.
  
• Demand Zones: Identified when a strong bullish candle follows a bearish or neutral candle, indicating potential buying pressure.
  
• Zones are drawn as boxes, with the top and bottom based on key price levels (e.g., highs/lows or open prices).
  
• The indicator uses a strength filter to ensure only significant zones (based on candle size ratios) are plotted.
  
• Zones are updated dynamically, extending to the right by a user-defined number of bars and removed when price breaks through them.
  

Settings
S&D Zones Settings

• Zone Strength Filter: Adjust the minimum candle size ratio (default: 1.8) to filter weaker zones.
  
• Show Supply/Demand: Enable or disable supply and/or demand zones.
  
• Supply/Demand Colors: Customize the fill and border colors for supply (default: red) and demand (default: green) zones.
  
• Timeframes: Enable up to five timeframes (e.g., 30m, 1H, 4H, 1D, 1W) to analyze zones. Only zones from timeframes higher than the chart’s timeframe are displayed.
  

Display Settings

• Zone Extension: Set how far zones extend to the right (in bars, default: 15).
  
• Show Label: Toggle timeframe labels on zones.
  
• Label Style: Customize label color, size (tiny, small, normal, large, huge), and alignment (horizontal/vertical).
  

Usage Tips

• Use higher timeframes (e.g., 4H, 1D) for stronger, more reliable zones.
  
• Combine with other indicators (e.g., support/resistance, trendlines) to confirm trade setups.
  
• Adjust the Zone Strength Filter to reduce noise in volatile markets.
  
• Enable labels to quickly identify the timeframe of each zone.
  

Notes

• The indicator is overlayed on the price chart and supports up to 500 zones.
  
• Zones are removed when price breaks above (supply) or below (demand), ensuring only active zones remain.
  
• Works best on markets with clear price action, such as futures, forex, stocks, or cryptocurrencies.
  

Happy trading! 🚀