Introducing the Dynamic Supply and Demand Zones by AlgoAlpha recreated by me for Ctrader Platform. 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. 📈💡

Key Features

• 📊 Dynamic Look-Back: Automatically adjusts the look-back period based on the most recent pivot point, ensuring the most relevant data is analyzed.
• 🎯 Pivot Point Detection: Utilizes a user-defined period to detect significant pivot highs and lows, marking potential reversal points with precision.
• 🛠 Customizable Parameters: Offers extensive customization options including look-back period, pivot detection sensitivity, resolution, and zone tolerance.
• 🗺 Visual Display: Shows supply and demand zones as boxes on the chart, background highlighting to differentiate between bullish and bearish zones.
• 🖍 Color-Coded Zones: Zones are color-coded for easy identification: green for bullish, red for bearish, and gray for neutral levels.