Zones Supply Demand Indicator

The algorithm analyzes price action through volume accumulation, dividing the visible price range (from high to low) into multiple segments or "intervals." 📏 For each interval, it calculates the generated volume and compares it to a predetermined threshold percentage. The goal? To identify levels where volume concentration is so high that it signals a Supply Zone or Demand Zone! 🎯

📉 For the Supply Zone:

Start from the highest price and move downward through intervals.
Accumulate volume in each segment.
When accumulated volume exceeds the threshold, it marks a Supply Zone 🚨.
A colored area (rectangle with specific opacity) is plotted from this level to the high, along with horizontal lines showing simple & weighted averages of prices in this zone. 🖍️

📈 For the Demand Zone:

Start from the lowest price and move upward through intervals.
Accumulate volume in each segment.
When accumulated volume crosses the threshold, it defines a Demand Zone 🚨.
A corresponding area is drawn, along with average lines to highlight the mean concentration level. 🖌️

⚖️ Market Balance:
When both Supply and Demand Zones are identified, the algorithm calculates a Market Balance Point! 🌟 This equilibrium is derived from the average (simple or volume-weighted) between the two zones. The result? Clear reference lines on the chart showing the balance between buying and selling pressure! ⚖️✨

✅ In Summary:
The "Zones Supply & Demand" indicator uses volume-based price segmentation to detect key areas of order concentration. 🗝️ It then generates visual cues (colored zones, average lines, and balance points) to highlight critical levels on the chart, empowering traders to spot supply-demand imbalances and potential turning points! 🚀💡