Supply and Demand zones do offer a great insights into the structure of any market. If you have an idea of how to trade with support and resistance zones, you might find supply and demand zones very similar.
1. Focus on a price level (zone)
It’s difficult to analyze the market without a focal point. If you look for turning points at every price level, you will only find confusion.
How do you know which price level to focus on? Which price levels are potential market turning points?
2. Observe what happened (happens) at the potential support/resistance Signs of strong demand
When the market tests a potential support, look out for:
Bullish price pattern Inability to clear below the support Increased volume Congestion
Signs of strong supply
When the market tests a potential resistance, look out for:
Bearish price pattern Inability to clear above the resistance Increased volume Congestion
Look for these price action signals in the past, as well as in real-time price action. The more signs you see, the more likely you’ve found a true support/resistance zone.
Hello,
Would you be able to allow me access to this? I use price action plus zones (supply demand and support / resistance ) to create zones just as you show on the sample chart.
kgxxx
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hello
how can i use this indicator ??
greybull
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Hi. Can I have permission to use your script? Thx.
RaghuPrasath
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Kindly I request you added this indicator to my chart..
longdt
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Hi, may I have the access to this indicator please. Thank you.
NicolaBeiruti
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Hello,
i like your indicator ..is there any chance u allow me to use or try it...?
Regards,
Nic
Samit_Roy
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hello, just wanted to know whether you could give me access to this indicator....thanks...Samit
Could you pls provide access to this indicator?
Please let me know, thanks!