OPEN-SOURCE SCRIPT
Supply & Demand zone Identifier
This indicator identifies potential supply and demand zones based on price action and volume. These zones are areas where price has historically reversed or stalled due to imbalances between buyers and sellers.
This indicator can be helpful in Identifying potential reversal points: Traders can use the indicator to identify areas where price may reverse direction.
Setting stop-loss and take-profit levels: The zones can be used to set strategic stop-loss and take-profit levels.
Confirming trend direction: The indicator can help confirm the overall trend direction.
Note: While this indicator can be a valuable tool, it's essential to use it in conjunction with other technical analysis techniques and to manage risk effectively.
This indicator can be helpful in Identifying potential reversal points: Traders can use the indicator to identify areas where price may reverse direction.
Setting stop-loss and take-profit levels: The zones can be used to set strategic stop-loss and take-profit levels.
Confirming trend direction: The indicator can help confirm the overall trend direction.
Note: While this indicator can be a valuable tool, it's essential to use it in conjunction with other technical analysis techniques and to manage risk effectively.
Skrip open-source
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