DS Zone Indicator

DS Zone Indicator - Advanced Supply & Demand Zone Detection
This powerful supply and demand zone indicator automatically identifies and plots high-probability trading zones using smart wick analysis and zone respect filtering. Perfect for both day traders and swing traders across any timeframe.

Key Features:
• Smart Zone Detection - Identifies potential supply and demand zones based on price action and wick analysis
• Dynamic ATR Filtering - Uses ATR (Average True Range) to adapt to market volatility
• Zone Respect Technology - Validates zones based on how price interacts with them
• Auto Zone Cleanup - Automatically removes invalid or expired zones to reduce chart clutter
• Customizable Colors - Choose between single color mode or separate bullish/bearish zone colors

Advanced Settings Include:
• ATR Period and Threshold customization
• Minimum Zone Height controls
• Zone Respect Filter with adjustable parameters
• Bounce Percentage configuration
• Zone Life Duration settings
• Comprehensive color customization options

Perfect For:
• Identifying potential reversal areas
• Finding high-probability entry and exit points
• Supporting existing trading strategies
• Both trend and range trading
• Any timeframe and market (Stocks, Forex, Crypto, Futures)

How It Works:
The indicator analyzes price action and candlestick wicks to identify potential supply and demand zones. It then tracks how price respects these zones over time, removing zones that don't meet the minimum respect criteria. This creates a clean, reliable chart that highlights only the most significant price levels.

Pro Tips:
• Use the Zone Respect Filter for stricter zone validation
• Adjust the ATR settings based on your trading timeframe
• Combine with trend analysis for better trade decisions
• Use zone touches as potential entry/exit signals

Customization:
The indicator is highly customizable with intuitive settings grouped into:
• ATR Settings
• Zone Respect Settings
• Zone Colors (Bullish/Bearish)
• Visual Preferences

Note: This indicator works best when combined with proper risk management and your existing trading strategy. Always validate signals with multiple factors before making trading decisions.

Updates & Support:
Regular updates and improvements will be made based on community feedback. Feel free to leave comments with suggestions or questions!

Happy Trading! 📈
Disclaimer: Trading involves risk. This indicator is meant to be used as one of many tools in your trading arsenal and should not be relied upon as the sole decision maker for your trades.