OPEN-SOURCE SCRIPT
Advanced Demand Zone
This indicator automatically identifies strong demand zones based on swing lows followed by significant bullish reactions. It is designed for 4H timeframe and crypto trading (BTC, ETH, altcoins).
Key Features:
Automatically draws clear demand zones for better visual analysis.
Filters out weak impulses to reduce false zones.
Sends alerts when price enters a demand zone.
Transparent zones that do not clutter your chart.
Fully customizable parameters: swing lookback, impulse threshold, and zone transparency.
This tool helps traders quickly spot high-probability buy areas while allowing manual confirmation with price action, making it perfect for swing and intraday trading.
Key Features:
Automatically draws clear demand zones for better visual analysis.
Filters out weak impulses to reduce false zones.
Sends alerts when price enters a demand zone.
Transparent zones that do not clutter your chart.
Fully customizable parameters: swing lookback, impulse threshold, and zone transparency.
This tool helps traders quickly spot high-probability buy areas while allowing manual confirmation with price action, making it perfect for swing and intraday trading.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.