This indicator plots horizontal supply and demand zones at key levels where price has previously made big moves. It can show two different types of zones: traditional supply and demand zones, which form when price is trading within a range and then quickly breaks out of that range, or support and resistance zones, which form when price makes a large reversal.
The indicator can be customized to change the strength and number of zones shown, the width of the zones, and whether or not to hide zones that have been breached. You can filter out weaker zones based on the price action around the origin of the zone.
A scanner is included that searches for symbols that are currently inside a zone. You can also receive alerts when price enters one of the zones. This indicator can be used with stocks, futures, and forex on any time frame.
Supply & Demand Zones Indicator & Scanner
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Available for TradeStation
This product is also available for TradeStation. Click here to shop on TradeStation’s TradingApp Store.