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Supply and Demand with Swap zones indicator

The Supply and Demand with Swap zones MTF indicator is a modified and enhanced version of the Supply and Demand Multi Timeframe Indicator indicator, which helps you to analyze a chart using the rule of supple and demand on different timeframes at a time. This version has so-called swap zones - areas which have been broken through by the price but still have power. The most significant areas of the chart are "overlaps" where new supply/demand and swap zones are formed. This updated version can also notify you about touching new zone types. You can also use forced shutdown of displaying these areas. Swap zones are available both for the current timeframe and a timeframe selected in settings.


Indicator Settings

  • Print zones only after full outside bar close — display level only if potential zone is not touched;
  • Type of zone — zone calculation principle:
    1. StandartZones — zone border is calculated using an average value of open and close prices of neighboring bars;
    2. ZonesWithFullCandles — zone border is calculated as Low of a bar which has formed a supply zone, or High of a bar which has formed a demand zone correspondingly;
    3. ZonesWithWicksOnly — zone border is calculated as the highest value among open/close prices of the bar which has formed the supply zone and the lowest value for the demand zone correspondingly;
    4. CertainZoneWidth — certain zone width.
  • Width of zone — zone width in pips (used if CertainZoneWidth is chosen as Type of zone);
  • Draw zones on chart — if set to false zones are not displayed on the chart;
  • Colour of Supply levels — color of supply zones;
  • Colour of Demand levels — color of demand zone;
  • Draw zones with background — whether to fill zones with a color;
  • Show the zone width — show width of zones (in pips);
  • Font size of zone width display — zone width font size;
  • Colour of zone size display — zone width font color;
  • Timeframe of zones - timeframe of main zones;
  • Timeframe of additional zones — timeframe of additional supply and demand zones;
  • Colour of additional TF Supply levels — color of additional timeframe's supply zones;
  • Colour of additional TF Demand levels — color of additional timeframe's demand zones;
  • Draw additional zones with background — whether to fill zones with a color;
  • Turn on the alerter — enable sending notifications if zones of supply and demand are touched;
  • Alert only when price is in both TF zones — send notifications when the price is in zones of both timeframes;
  • Alert when price is in Swap zone send alerts when swap zones are touched;
  • Alert only when price is in both TF swap zones — send alerts only when the price is in swap zones of both timeframes.
Happy Mans World
1343
2015.07.14 22:26 
 

This is a superior Product with Great Developer Support

Version 1.6 - 2015.07.13
Added a function of additional timeframe selection