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SupplyDemandZoneLines

Published: 11 April 2025

Current version: 1.2

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SupplyDemandZoneLines

Indicators
Ning Liu
Version: 1.2
Updated: 12 May 2025
Activations: 5

Supply Demand Zone Lines Indicator

Background

The system automatically searches for supply and demand zones in the Chart and draws real-time key price lines. Traders can trade according to the price trading lines.

Main Features

The system automatically searches for supply and demand zones. The system also draws real-time key price lines. Traders can trade according to the price trading lines. Therefore, traders who use the supply and demand zone strategy no longer need to spend time looking for the supply and demand zones, but can focus on the price reaction to the supply and demand zones and key prices to develop a trading strategy that suits them.

However, the supply and demand zone strategy itself is a more effective strategy when market moves sideway, so when the market shows a strong trend, it should be used with caution, or use the suggestions provided by the indicator in the direction of the trend.

Parameter

ShowZones: Whether to show the supply and demand zones

DrawLines: Whether to show the key price

SupplyZoneLineColor: Supply zone price line color

DemandZoneLineColor: Demand zone price line color

PenatratedLineColor: Penetrated price line color

Implementation

Just attach the indicator to the chart.

Please give me your valuable feedback so that I can improve the indicators.

If you have any questions, please contact WeChat: imlizard

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Version 1.2 2025.05.12

Amended calculation, improved speed.

Version 1.1 2025.05.10

Improve line effectiveness, remove unused lines.