This indicator aims to identify price levels where institutional investors have positioned their buy or sell orders. These buy orders establish "demand zones," while sell orders create "supply zones." Identifying these zones enables us to anticipate potential reversals in price trends, allowing us to profitably engage in these significant market movements alongside major institutions. These zones are formed when price action goes from balanced to imbalanced. These zones are based on orders. Unlike standard support and resistance levels, when price breaks below a demand zone or above a supply zone, these zones disappear from the chart.
Supply is formed by a green candle followed by a major red candle that is at least double the size of previous green candle. The zone is then charted from the open of the green candle to the highest point in the candle. Vice versa for a demand zone (red into green).
These zones are traded by: 1. Look for a volume spike in a zone 2. A trend/trendline break out of the zone
HI Sir, Is it working for 30 min and 75 min ? Thank you
Bryces_TA
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Your previous script was taken down for illegally republishing non-original content. Aurora Trading owns the source code to this specific supply and Demand strategy. If you continue republishing our indicator and advertising it, you will be served a cease and desist.
ukmpits
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@Bryces_TA, why don't you send the report to tradingview Sir? Like stratifytrade price action concept got taken down because duplicate Lux algo premium price action concept..
asfasf24
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last script got taken down
chongthamashok9
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hi brother, can you please add 15 min. supply and demand
hankiiee
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Great, for me i only miss on 15M timeframe the zones, for the rest, nice!!!
dajavue1083
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Hmmm
wasterbomb
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this is extremely good. even better than luxalgo. more people should have this on their charts.
piyushmehta2308
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Can I add alerts on my list of stocks for daily and weekly zones
nayanjakhar35
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I am trying to create a for 20 days but it fails at last on back testing , can you create a script for me. I will be grateful to you always
Thank you