Free TradingView Indicator by AlgoAlpha — Trend Following
Introducing the Dynamic Supply and Demand Zones by AlgoAlpha. This indicator is designed to automatically identify and visualize dynamic supply and demand zones on your chart, helping traders pinpoint potential reversal areas and assess market sentiment with enhanced clarity. It adapts to market conditions using a dynamic look-back mechanism, making it more responsive to recent price movements.
Automatically adjusts the look-back period based on the most recent pivot point, ensuring the most relevant data is analyzed.
Utilizes a user-defined period to detect significant pivot highs and lows, marking potential reversal points with precision.
Offers extensive customization options including look-back period, pivot detection sensitivity, resolution, and zone tolerance.
Shows supply and demand zones as boxes on the chart, with optional profiles and background highlighting to differentiate between bullish and bearish zones.
Zones are color-coded for easy identification: green for bullish, red for bearish, and gray for neutral levels.
Triggers alerts when new pivot points are detected, ensuring you never miss a key market movement.
Adding the Indicator : Press the star icon and add the indicator to favorites. Add it to your chart and adjust settings to fit your trading strategy.
Zone Analysis : Observe the color-coded zones on the chart. Bullish zones indicate potential support areas, while bearish zones suggest resistance. Monitor price interactions with these zones for potential entry and exit signals.
Alerts : Activate alert conditions for new pivot detections to stay ahead of market reversals.
Explore other trend following TradingView indicators by AlgoAlpha.
Free on TradingView
Dynamic Supply and Demand Zones is free to use on TradingView. Add it to any chart in seconds.