PROTECTED SOURCE SCRIPT
Alpha Simple Supply/Demand
Alpha Simple Supply/Demand
This indicator's primary function is to plot potential Supply (Resistance) and Demand (Support) zones on the chart by referencing the High and Low price points.
How It Functions
Supply Zones (Red): These are drawn around the Daily Highs and represent areas where selling pressure (resistance) is anticipated.
Demand Zones (Green): These are drawn around the Daily Lows and represent areas where buying pressure (support) is anticipated.
Application on a 30-Minute Chart
This setup helps you see how the current intra-day price action is interacting with the significant daily structural levels established over the past few sessions.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.