MarxBabu

ZONE Supply Demand Strategy1

ZONE BUY STRATEGY
In this method look for recent block of black candles and take the before black candle as base handle ,Draw a line forward with the value open and close of the base candle ,When the price falls into this region next in near future execute buy order. Stop loss wont work.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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//@version=2
study("ZONE",overlay=false)
len = input(35,title="Period")
smooth = input(100,title="Smooth")

plotcandle(open, high, low, close, title='candle', color=(open < close) ? green : red, wickcolor=gray)
// This is working isHigherHigh() => high>high[1] and high[1]>high[2] and low>low[1] and low[1]>low[2]  and close>close[1] and high>close and close>high[1] and close>low[1] and close>(open and low) and close[1]>(open[1]and low[1])and close[2]>(open[2]and low[2]) 
isHigherHigh() => high>high[1] and high[1]>high[2] and close>close[1] and close[1]>close[2] and close>open and close[1]>open[1] and close[2]>open[2] and low>open[1] and low[1]>open[2] and (open+low)<(open+close) //and low>ohlc4[1] and low[1]>ohlc4[2]   //and low>open[1] and low[1]>open[2] this code is to make sure low not below open of before candle

barcolor(isHigherHigh()? black :na)
barcolor(isHigherHigh()? black :na, -1)
barcolor((isHigherHigh() and close>open)? black :na, -2)
    
//barcolor()