Day: January 31, 2023

Supply and Demand Zone Indicator for TradingView Are you Looking for a Supply and Demand Zone Indicator in TradingView? Then this article is for you. The Law of Supply and Demand is applicable in all markets be it Equities, Forex, Commodities, Derivatives and Cryptocurrencies. Read on to learn more about Supply and Demand Zone Trading Indicator. Days Hours Minutes Seconds Register for FREE What are Supply and Demand zones? Demand and Supply Zones Trading is the Art of identifying High probability Supply and Demand Patterns created by Big Institutions and the Smart Money. This is a Price action trading strategy that identifies institutional footprints. The law of Supply and Demand Zone Trading Indicates that certain Price patterns are created exclusively by institutional traders and a retail trader cannot create such patterns. Supply and Demand traders can leverage by trading these zones, when price retraces to these zones. Institutions typically purchase or sell securities on an average pricing basis in order to maximize the gains from the stock. When a supply or demand level is formed, there is a very high likelihood of having large number of unfilled orders in that area. If one can identify those areas, then it’s possible to initiate trades along with the institutions and participate with them. Read Also: Price action trading using Supply and Demand Zones Enroll for FREE How to identify Supply and Demand Zones on a chart? Demand Zone: How to Identify a Demand Zone? Demand zone is an area where there is a high probability of Buying intent that is created by Big Institutions and Banks. They are also called as Institutional Footprints. Look at the Current Price on the Chart go from Right to left Look Down and left until you find a strong Explosive rally in Price Identify whether the formation is a DBR or RBR Mark the Zone When marking the Zone, we need to watch for freshness and the Leg out candle should be strong Supply Zone: How to Identify a Supply Zone? Supply Zone is an area where there is a high probability of selling intent that is created by Big Institutions and Banks. They are also called as Institutional Footprints. Look at the Current Price on the Chart go from Right to left Look up and left until you find a strong Drop in Price Identify whether the formation is a RBD or DBDMark the Zone When marking the Zone, we need to watch for freshness and the Leg out candle should be strong Supply and Demand Zones Indicator - TradingView https://youtu.be/Z4xtshhVc9AIdentifying Supply and Demand Zones can be overwhelming and time consuming for Supply and Demand Zone pattern traders in the real markets. MAK Trading School has developed this revolutionary Semi-Automatic Supply and Demand Zone Indicator which plots most accurate Supply and Demand Zones in real time. This indicator is currently for TradingView Charts only. This Supply and Demand indicator in TradingView plots Demand and Supply Zones in real time and also has functionality to set relevant alerts. The Indicator is quite accurate and can be applicable in Forex, Commodities, Derivatives, Cryptocurrencies and also in any timeframe.The Indicator can be used in TradingView Charts only and also works on a free version of TradingView.Where can I find this Supply and Demand Zone Indicator with Alert This Indicator is not available in the public library of TradingView. You need to Subscribe for the Indicator, once you have subscribed for the Indicator through our website, you will find it in the Invite Only Scripts in your TradingView profile. Features of the Supply Demand Zones IndicatorCustomizable Display Table Adjust the Text Colours within your Areas.Shows Fresh and Violated Zones Customizable Demand and Supply Zone coloursCustomizable Leg out ExplosivenessAdjustable Basing Candles in your Supply and Demand Zones Setting Alerts Let’s discuss in details the features of this Indicator 1. Customizable Display Table The Display Table by default is Shown on the Right-hand side top corner of the chart. It shows the Proximal and Distal Line values of the nearest Supply and Demand Zones. You can also Customize the Display Table by switching it off from the Settings panel, change the position and size of the Display Table. 2. Adjust the Text Colours within your Areas. You can also change the colour of the text mentioned in the Supply and Demand zones as per your choice, by default it is set to Black.3. Show Fresh and Violated Zones Fresh Zones have more weightage as compared to tested levels, one can enable the feature of Show Only Fresh Zones, by default even tested levels are displayed as long as they are not violated. Zones which were violated are no longer displayed on the chart, however one can view them by enabling the feature of Display Violated Zones. This feature is of great help while back testing.4. Customizable Demand and Supply Zone coloursYou can customize the colours of your Supply and Demand Zones as per your Choice and to compliment the chart background colour that you use. By default, it’s set as Green for a Demand Zone and Red for a Supply Zone.5. Customizable Leg Out ExplosivenessStronger the leg out more out of balance is supply or demand in that zone. You can also change the Explosiveness factor of the Leg Out Candle. On Larger time frames starting from 75 mins and above we would recommend the explosiveness factor to be set at 1.2. On smaller time frames below 75 mins it’s recommended to set the explosiveness factor at 1.5. 6. Adjustable Basing Candles in your Supply and Demand ZonesLesser the number of basing candles more likely that supply and demand is out of balance in that zone. We use the default settings of 6 basing candles. One can reduce it as per one’s requirement.7. Setting AlertsWith this Indicator you have the feature of setting alerts for zone formation, zone violation and price entering a zone. Alert notifications can be set through multiple modes like email, app notification, pop-up, Webhook etc. If you are tracking multiple symbols and that too on multiple time frames, then it gets challenging since TradingView provides only a limited number of alerts as per your subscription plan. To overcome that, we send zone formation alerts directly to a member only telegram Channel. At the End of the Day, a log file of all alerts is shared on day-to-day basis, one can filter it as per their convenience. Membership will be granted once you subscribe to the Supply and Demand Zone Indicator. Plans Starting from Rs. 1499/- Onwards Click here How to Use the Supply and Demand Zone Indicator with Alerts MAK Trading School has developed a revolutionary Demand and Supply Zone Indicator. It plots high probability Zones, where a Supply and Demand Zone Trader Can Identify these zones and plan trades accordingly. Video Tutorial on How to Use the Indicatorhttps://youtu.be/Z4xtshhVc9APlease note Prior knowledge of Supply and Demand Zone Trading Strategy is beneficial for you utilize this indicator to its full potential. Register to Learn the Foundation of Supply and Demand Trading Strategy, please click here What time frame is best for demand and supply indicator If you are looking for the best timeframes to use the Supply and Demand Indicator is as follows Intraday Trader If you are an Intraday Trader then 10 min/15min timeframes are the best Short-term or Swing Trader If you are a short term or swing trader, then 125 mins/75 mins are the best Positional Trader If you are a Positional trader, then Daily / Weekly Some of the past Trade Opportunities identified by the Supply and Demand Zone Indicator on different Asset Classes and Time Frames 1. COLPAL,10min, Time Frame, Long Trade Opportunity 2. GUJRATGAS,125 Time Frame, Short Trade 3. M_MFIN,125 Time Frame, Long Trade opportunity 4. EUR/JPY ,4hrs, Time Frame, Short Position 5. NATURAL GAS ,15min Time Frame, Short Position 6. NMDC,125 Time Frame, Long opportunities ALSO Read : Gap trading Strategies Enroll For FREE Conclusion Over the years MAK Trading School has been teaching and training aspiring Traders and Investors. Mahesh Kaamath is the Founder and mentor at MAK trading School, having trained more than 5000+ Students and 11+ years of teaching and training this strategy. The Core Strategy program is designed to provide traders with an advantage in their trading strategy. This program is tailored to the needs of working professionals, homemakers, and stock market enthusiasts. If you are looking to gain knowledge in proper trading methods, this course is ideal for you. If you wish to learn about the Core strategy course or any of the tools, you can connect with us 7400088842. Alternatively email us at support@maktradingschool.com Facebook Twitter LinkedIn

Day: January 31, 2023

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