MoT - [Analyst] - Zig Zag Supply/Demand


This is our Zig Zag Supply and Demand Indicator. It is a repainting support and resistance indicator based on the ZigZag indicator . It is only meant to be used live to gauge ranges easily. It can be backtested using the replay function in TradingView.


S&P500 on the 4HR Time Frame


- On the chart we have our ATR-filtered Exponential Moving Average . It either plots further away from price or closer to price, the higher or lower the current ATR is compared to recent history.

- Also on the Chart we have our Sessions Indicator which allows you to add backgrounds for certain Trading Sessions so you can have a good gauge what Session is driving the Market.

- Finally on the main chart, we have this Indicator, our Zig Zag Supply/Demand visual indicator.


Many Thanks and Trade Safe!

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.

Want to use this script on a chart?