SND Crawler

9 Agu

The SND Crawler indicator is a powerful tool designed to help traders identify key supply and demand zones on a chart, based on specific candle patterns and price action. The indicator currently detects three distinct types of demand zones (Type 1, Type 2, and Type 3), each representing critical areas where the market has shown significant buying interest.

How It Works:

Type 1 Demand Zone: Identified by a down candle followed by an up candle that closes above the high of the down candle. This zone indicates a potential area of demand where buyers have stepped in strongly.

Type 2 Demand Zone: This zone consists of a bearish candle followed by another candle that doesn't close below the low of the bearish candle. A subsequent bullish candle then closes above the high of the initial bearish candle, signaling a more complex demand area.

Type 3 Demand Zone: This more sophisticated zone involves a bearish candle (Candle [4]) followed by a series of candles that do not close below its low or trade above its high. A final bullish candle closes above the high of the bearish candle, confirming the demand zone.

The indicator is customizable:

Bars Back for Type 3: Adjust the number of bars back the indicator looks to identify Type 3 demand zones.

Show Only Highest Priority: Choose whether to display only the highest-priority demand zone when zones overlap or show all detected zones.

Benefits to the Community:
This indicator simplifies the process of identifying critical demand zones, which can be pivotal in making informed trading decisions.

Acknowledgments:
This indicator was inspired by the concepts taught by Mentfx, and all credit goes to him for his insights and mentorship. I created this tool to simplify my own trading process and share it with the community. The SND Crawler will be updated over time as I continue to refine and expand its capabilities.

11 Agu

Catatan Rilis

What's New:

• Supply Zone Detection: I’ve expanded the SND Crawler to include four types of supply zones (S1, S2, S3, S4) in addition to the demand zones (D1, D2, D3, D4). This allows traders to identify key resistance levels where supply may overwhelm demand.
  
• Customizable Label Colors: You can now customize the colors of both demand and supply zone labels to fit your chart's theme and make it easier to visually distinguish between zones.
  
• Performance Enhancements: Minor tweaks have been made to improve the script's performance, making it faster and more efficient in real-time analysis.
  

How It Works:

Demand Zones: The script detects demand zones (D1, D2, D3, D4) based on specific candle patterns that indicate areas where buying interest is strong.

Supply Zones: The script similarly detects supply zones (S1, S2, S3, S4) based on opposite criteria, indicating areas where selling interest may increase.

Acknowledgment:
This indicator was developed based on the concepts taught by MentFx, whose insights and mentorship have been invaluable in creating tools for better market understanding. All credit goes to him for his contributions to the trading community.

Benefits to Traders:

Identify SND Zones: Easily spot areas of potential mitigation continuation or expansion based on historical supply and demand zones.

Customizable Visuals: Tailor the indicator’s appearance to your chart for better visual integration.

Optimized for Speed: Enjoy faster performance and smoother charting, even on lower timeframes.

Personal Note:
I created this indicator to support my personal trading. However, I wanted to share it with the community in the hopes that others might find it helpful as well. I plan to continue refining the SND Crawler with further improvements and potentially additional.