Demand Supply Zone Indicator
Volume, or custom series from another indicator using HVP Get alerts when a certain number of timeframe levels configurable are showing critically low volatility implying imminent move Get an alert when the current timeframe volatility level emerges from a critically low volatility zone usually indicating the start of a significant move 2 Rendering Modes Smooth and Distinct Ability to show current timeframe Volatility in bar chart above the heatmap Request a trial for this indicator View a video of this indicator and suggested usages [coming soon] Purchase this indicator now Smart OBVCD and Divergences TradingView Premium Indicators This is a pair of premium TradingView indicators written in PineScript v3 that make it easier to spot divergences in On Balance Volume, but make the calculations using a unique method.
Volume is segmented into buy or sell volume by analyzing smaller timeframes down to 1 minute The sell vs. Use the ADX barchart to determine strength of trend. There are various thresholds for this measurement as well as peak marking. You can specify up to 3 additional timeframes to monitor in the dot map below the ADX chart that will give you a generalized idea of the trend on those larger timeframes.
Stoch is fully configurable and allows for filtered with a threshold cross-over indications dots. RSI divergence for both bullish and bearish and both types regular and hidden. It is a trendline that is a moving average or the median values of the lows for uptrends or highs for downtrends. It also has a built in choppiness filter to help you decide if the price action is weakening in a trend or not. Get in Touch! Newsletter Keep up on our always evolving service offerings and technology.
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TradingView Supply/Demand Zones Indicator
Identifying support and resistance zones is an important and popular technical analysis technique. Using historical data, humans can easily identify price zones where a lot of buyers or sellers came into the market.
We can then use this information as a guide to indicate where demand might increase again in the future. These tops and bottoms in price action show where lots of buyers or sellers came into the market and might act as future levels of support or resistance. By default, the code detects the last 3 significant swing highs and the last 3 swing lows. It then places lines on the chart to highlight those levels. In support and resistance theory we often hear that support becomes resistance and vice versa.
Instead, we look at the swing position relative to the current close price. If we are above the level, we consider it support. If we are below the level, we consider it to be resistance. With this in mind, the lines are automatically colored according to whether they are above or below the current close price.
When any of the levels are below the close price, the lines are colored green. Conversely, whenever they are above the close, they are colored red.
This will help to reduce the lag and highlight a possible support level after only 5 bars as opposed to the usual Of course, this speed comes at a cost of accuracy. We simply plot the last value on the chart only and then use trackpriceto draw the line. On the Charts Loading up the indicator, you should see something that looks a little like this: Note The annotations have been written on the chart after adding the support and resistance indicator!
In the image above we can see a couple of interesting things going on: We highlight an area of potentially increased resistance as two levels are close together. We successfully capture the highest high and lowest low of the trading period on the chart. Of course, this indicator is not perfect. No indicators are! Additionally, it may flag some swings which turn out not to be all that significant in the end.
Use your own judgment when utilizing this indicator as to whether or not to rely on the levels it produces! Expanding the code Once you are comfortable with the code base and how the indicator operates, you may wish to expand upon it. Other users may wish to add more lines or perhaps swings from other time-frames.
How far you take this, is up to you. I just hope the base code provides a good enough example for readers to build upon! Find This Post Useful? If this post saved you time and effort, please consider support the site!
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RSI divergence for both bullish and bearish and both types regular and hidden. It is a trendline that is a moving average or the median values of the lows for uptrends or highs for downtrends. It also has a built in choppiness filter to help you decide if the price action is weakening in a trend or not. Get in Touch! Newsletter Keep up on our always evolving service offerings and technology. Enter your e-mail and subscribe to our newsletter.
These points are good entry points for short trade. How to identify a resistance? Draw a straight line connecting the reversal points. If three or more points kisses the line, then it becomes a resistance. The number of times it has reversed is directly proportional to its strength. Remember, when something happens twice its a coincidence, but if it happens thrice, it becomes a pattern. And validates it. The same applies to trendline too.
Get to know the 7 Common Mistakes of New Forex traders. Each time it meets the mark of 1. Resistance Zone Similar to the support zone, the resistance zone identifies the cluster of resistance points amid fluctuations and groups it into an area. The reason for the price to be resisted by a bunch of points is beyond comprehension.
Sometimes, the fundamental factors have a say too. But, the occurrence is comparatively higher in long-term charts. In the above chart, the price range of acts as a critical resistance zone in Gold. Its valiant effort to break the area proved in vain. The bullion metal, at last, plunged from the zone which only validated the resistance.
Moving Average Zones Indicator
Support and Resistance Indicator Advanced methods The price action identifies the static supports and resistances easily. But the supply and demand vary dynamically at different instances and at different periods. It is difficult to spot these supply and demand zones which supports and resists price action using conventional methods.
The indicators like moving average, Fibonacci tools and pivot points identify supply and demand zones at specific instances and timeframes, depending on the trend, and hence known as support and resistance indicator. Moving Average as Support A moving average supports the price in many instances. It helps in the resumption of a trend after a correction in a directional move.
Therefore, the best entry points in a trend move are when prices are at the support zone around the moving averages.
Supply and Demand Zone Indicator
In the above chart, the SMA supports price action and holds the trend move. Every time the price hits the SMA, the trend revives. Or you can say, the moving average literally drives the price here. Moving Average as Resistance In a downtrend, moving averages resist pullback and serve as the supply prone zone.
They push the price down, keeping the bearish sentiment afloat. In the above chart, the zone in and around the SMA resists the pull back and resumes the downtrend. In this case, moving average acts as a resistance zone. Get to know more about simple and exponential moving average, their application and strategies here. Fibonacci Retracement and Extension This is the best support and resistance indicator a trader can ask for.
In an uptrend, the Fibonacci retracement points are the strong demand zones, whereas the Fibonacci extension points are the supply zone vice versa for the downtrend. The Fibonacci retracement levels 0.
They act as a good supply or demand zone depending on the type of the trend. Likewise, the Fibonacci extensions, especially the 1. Read more about humans and Fibonacci number here The above chart is a fine example of the Fibonacci indicator being a support and resistance indicator. The 0. It caps the price and sends it down. Likewise, the 1.