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Zones Supply & Demand
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! 🚀💡
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4 | 50 % | |
3 | 50 % | |
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