Supply Demand RSJ Zones
- Indicators
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JETINVEST
Roberto Junqueira, is Trader for over 20 years and has been developing indicators and trading experts for more than 10 years for the Forex, Cryptocurrencies and Stock Exchanges markets. - Version: 3.0
Supply Demand RSJ Zones draws supply and demand zones on any symbol and timeframe, with two strength levels.
WHAT IT DOES
- Finds swing highs and lows with two fractal windows (fast and slow) and turns them into price zones sized by ATR.
- Strong zones are drawn in the full color: they start on a major swing or were already retested.
- Weak zones are drawn in a faded tone: minor swings or zones that were broken once and flipped sides.
- Zones broken twice are removed. Overlapping zones are merged.
- Supply zones are red and demand zones green by default. Zones are recalculated on each new bar and never on the current one.
INPUTS
- Bars to analyse (300 to 1500, default 1000).
- Supply zone color and demand zone color. The weak tone is mixed with the chart background automatically.
SUPPLY DEMAND RSJ PRO
The Supply Demand RSJ PRO uses the same engine and adds five strength levels (weak, strong, verified, proven, broken), labels with the retest count, filters for each zone type, analysis of up to 5,000 bars, adjustable ATR and fractal settings, and popup, sound and push alerts when price enters a zone.
INTEGRATION WITH EXPERT ADVISORS
Buffers 4 to 7 hold the nearest supply zone above price (high, low) and the nearest demand zone below price (high, low) on bar 0. The value is 0 when there is no zone. Buffers 0 to 3 hold the slow and fast fractal points.
FAQ
Does it repaint? Zones are built from closed bars only. A zone can disappear later when price breaks it, which is how supply and demand zones work.
Which timeframes work best? It runs on all of them. H1 and H4 give fewer and wider zones; M5 and M15 give more and narrower zones.
Is this a trading signal? No. It marks areas where price reacted before. Use it with your own entry and risk rules.
