Supply and Demand Zones are areas where there is likely an imbalance between buyers and sellers. These zones are formed when price consolidates into a range (or base), and then quickly breaks out of that range. This TradeStation indicator automatically identifies these zones and draws them on your chart. This indicator is extremely customizable. You can change the strength and number of zones shown, the width of the zones, and whether or not to hide zones that have been breached. This can be used with RadarScreen and Scanners, and you can receive alerts when price is inside of a zone.
Supply & Demand Zones
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