No Demand No Supply

4.5

This indicator identifies No Demand –No Supply candles to your chart and plots volume bars colored according to the signal. It can be applied to all timeframes or to a specific one only. It can also be used as regular volume indicator but with exceptional future of WEIGHTED VOLUME.

Furthermore is has an alert notification, sound and email when a signals occurs.

The indicator does not repaint but the alert will come on two candles back due to the definition of No Demand No Supply.

The VSA (Volume Spread Analysis) definition for No Demand and No supply is as follows:

No Demand (no buyers-potential short position):

The Volume within the candle formation again has to be lower than the volume of the previous 2 candles.

The candle has to close bullish (green body) and the next candle to be bearish.

There has to be some sort of rejection (pin or wick) at the high of the candle.

If the candle closed at the top it would not be a no demand candle.

No Supply (no sellers-potential long position):

The Volume within the candle formation has to be lower than the volume of the previous 2 candles.

The candle has to close bearish (red body) and the next candle bullish.

There has to be some sort of rejection (pin or wick) at the low of the candle.

If the candle closed at the bottom it would not be a no supply candle.


Parameters

Format Labels

  • TimeFrame: Specify a specific timeframe in minutes (5,15,60, etc.) or 0 to be applied to all timeframes
  • ShowLabels: Show NS and ND labels, true or false;
  • Show_No_Demand: Shows No Demand label on price chart or not;
  • Show_No_Supply: Shows No Supply label on price chart or not; 
  • Engulfing Filter: if true signals will be generate when engulfing candle pattern occur
  • Wick: ND or NS candle can be filtered by the Wick (pin) size: 0 very small, 1 at least 25% pin and 2 at least 50% pin
  • LabelShift: Label shift above and below bars in points
  • FontSize: Font size of labels
  • FontColorNS: Color of No Supply label
  • FontColorND: Color of No Demand label

Weight Volume Parameters - Weight Volume According to Sessions London-US-Asia. Should be used only in Forex or any other Instrument that when EU+US sessions operating together has the Highest Volumes. (it operates  on 1Hr charts or less)

  • Weighted Volume: true/false - Weights volume of  different sessions taking into consideration that when London and US are operating at same time the highest volume of all sessions occurs and adjusts the rest of the sessions. With this parameter it very easy visualize which volumes are significant even on Asian hours or non-significant on London-US hrs.  



    Alert Parameters

    • EnableNativeAlerts: Popup window
    • EnableSoundAlerts: Sound alert
    • EnableEmailAlerts: Sends email
    • EnablePushAlerts: Push Notification
    • SoundFileName: The sound file for sound alert "alert.wav"


    Avis 5
    Ed N.
    60
    Ed N. 2022.02.13 16:58 
     

    Very happy with this indicator. Offers several options to filter out signals. What a wonderful coder, also provides a good video explaining the features and filters of the indicator. It's a good complement to my existing Wyckoff software on MT4.

    forix7
    627
    forix7 2019.03.30 03:17 
     

    Another fabulous indicator by Panagiotis, I have a number of his indicators which all work together with nice confluence and when i use them together i find that price speaks to me with regards direction - you must understand the other indicators available from this seller to really benefit from them all working together - All programming and updates work GREAT and NEVER any problems or repainting with these indicators - (please keep up the good work Panagiotis)

    syedfaisalshah
    44
    syedfaisalshah 2022.04.09 03:55 
     

    hi i purchased good indicator only one thing missing alert pop up should be in one window pop up now only sound we have to search which pair give alert so kindly up date it if possible.

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    syedfaisalshah
    44
    syedfaisalshah 2022.04.09 03:55 
     

    hi i purchased good indicator only one thing missing alert pop up should be in one window pop up now only sound we have to search which pair give alert so kindly up date it if possible.

    Trade The Volume Waves Single Member P.C.
    7388
    Réponse du développeur Panagiotis Diamantopoulos 2022.04.09 06:31
    Hi syedfaisalshah your request is already there just set to true the EnableNativeAlerts. Please note that you can set to true multiple alert types at the same time. Enjoy!
    Ed N.
    60
    Ed N. 2022.02.13 16:58 
     

    Very happy with this indicator. Offers several options to filter out signals. What a wonderful coder, also provides a good video explaining the features and filters of the indicator. It's a good complement to my existing Wyckoff software on MT4.

    Trade The Volume Waves Single Member P.C.
    7388
    Réponse du développeur Panagiotis Diamantopoulos 2022.02.13 17:00
    Thank you for your review.
    forix7
    627
    forix7 2019.03.30 03:17 
     

    Another fabulous indicator by Panagiotis, I have a number of his indicators which all work together with nice confluence and when i use them together i find that price speaks to me with regards direction - you must understand the other indicators available from this seller to really benefit from them all working together - All programming and updates work GREAT and NEVER any problems or repainting with these indicators - (please keep up the good work Panagiotis)

    smohamedfarouk
    133
    smohamedfarouk 2018.11.22 09:18 
     

    Purchased on this but not coming up market plz help?

    Aravind Kolanupaka
    10309
    Aravind Kolanupaka 2018.10.22 22:59 
     

    Good. Better to use on higher timeframe.

    Répondre à l'avis