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.

Release Notes:

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

Release Notes:

Bug Fix

Release Notes:

Bug fix for pattern identification

Release Notes:

Bug Fix

Release Notes:

Number of Labels increased from 50 to 500

Release Notes:

Changed few default options

Release Notes:

Version 3
Automatically draws the Demand and Supply zones

Release Notes:

Bug Fix

Release Notes:

Option added to change the Proximal Distal Line Width

Release Notes:

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

Release Notes:

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.

Release Notes:

Code enhancements

Release Notes:

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.

Release Notes:

Bug fix

Release Notes:

Code optimization

Release Notes:

Code optimization.

New feature to show current settings on the chart top right corner.

Release Notes:

Code optimization and grouped options in indicator settings.

Release Notes:

Code optimization

Release Notes:

Version 4.2.5
Code optimized and a bug fix.

Release Notes:

Features Added in Version 5.0
1. Automated Curve Analysis.
2. Automated Zone Violations (recent 2 zones)

Release Notes:

Curve analysis will not give error even if the zones are far back in history.

Release Notes:

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.

Release Notes:

Changelog:

• New Improved Algorithm for Zone Identification
  
  
• Option to select Legin method
  
  
• Zones based on GAPS

(NOTE: If you already have an active subscription, please remove the indicator from the chart and add it again to upgrade to the latest version 5.3)

Release Notes:

The following feature has been added to version 5.3.2
1. Zones On Visible Chart Data
2. Auto settings for HTF, ITF, RTF

Release Notes:

Now you can input custom time frames for HTF, ITF and RTF.

Release Notes:

Bug Fix for Zone Violations

Release Notes:

Features Added

1. Improved Algorithm.
   
2. Option to Enable/Disable Basing and Legout Candle Color.
   

Release Notes:

Bug fix