First off, a huge thank you to the following people:
I got a question if it would be possible to Automatically draw S/R levels based on Volume rather than RSI as I had earlier done in this script;
Well it certainly is and it looks as though it might even be tradeable.
The indicator compares the size of volume bars so that if there is...
Dynamic SUPRES can be interpreted in different ways. Each square marks an area of congestion that could serve as support and resistance.
FLASH UPDATE: Now is possible to choose the timeframe and the bars color on/off.
This script will draw the supply and demand zone so you can always enter the best places. Cheap stop-loss and BIG Take Profits.
I will leave the scripts available during the weekend and if you want it, send me a message.
This is comprehensive automatic supply and demand zone identifications . And in addition , it also denotes various odd enhancers.
After adding the indicators, there are few things which you need select:
1. WIT ( Weekly Income Trade) -- In the curve time frame, choose the curve time frame : WIT/DIT/HIT ( weekly income trade/Daily Income trade/Hourly Income...
Zone V2 is here. Compare to the first version, we have the following changes:
1. Written in Pine Script 4.
2. Have added ATR to identify explosive move. This lets users define the "explosiveness" of the explosive move. I set it 12 as default as I mainly use it in 1hr candles. ATR of 12 hours is just fine for me.
Again, the indicator is just math...
Supply and Demand zones do offer a great insights into the structure of any market. If you have an idea of how to trade with support and resistance zones, you might find supply and demand zones very similar.
1. Focus on a price level (zone)
It’s difficult to analyze the market without a focal point. If you look for turning points at every price level, you will...
ThunderTrader : ThunderLight
ThunderLight is indicator to track or calculate hidden consolidation or accumulation where the whales prepare for next pump
ThunderTrader : ThunderRainbow
ThunderLight is indicator to track or calculate hidden demand, supply and accumulation where the whales prepare for next pump or next dump
Time Frame Rules:
It works for any...
Draws supply and demand zones of 3 types, based on 3 different volume threshold parameters.
The timeframe of the script is fixed (you can change it in the options), so for example it is possible to keep Daily S/D zones while looking at 1h chart.