Supply & Demand (MTF) | Picaspec

Picaspec Supply and Demand Zone Indicator

*A multi-timeframe supply & demand zone detection tool for TradingView*

### 🧠 **Overview**

This indicator is designed to automatically identify and plot **supply and demand zones** across multiple timeframes on any TradingView chart. These zones are key areas where price has previously shown significant buying (demand) or selling (supply) interest — and where future price reactions are highly probable.

It simplifies the application of supply and demand trading concepts by visually marking potential reversal or continuation zones, helping traders spot high-probability trade opportunities with minimal effort.

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### 🔍 **Key Features**

#### ✅ **Automatic Supply and Demand Zone Detection**

* The indicator identifies **strong price imbalances** based on previous price action.
* It plots **demand zones** where price moved away strongly after a base, indicating buying pressure.
* It plots **supply zones** where price dropped sharply after a base, indicating selling pressure.
* Zones are drawn based on classic supply/demand criteria (drop-base-rally, rally-base-drop, etc.).

#### 🕰️ **Multi-Timeframe Analysis**

* Detects zones from higher timeframes like **1H, 4H, Daily**, etc., and overlays them on lower timeframes.
* This helps traders combine intraday entries with broader context from higher timeframe zones.

#### 🎯 **Refinement and Filtering Options**

* **Mitigated zones** can be hidden or shown — once price revisits a zone, it’s marked as "used."
* **Zone strength** filters allow traders to focus only on the most relevant supply/demand areas.
* Traders can toggle visibility for each timeframe zone to reduce chart clutter.

#### 🎨 **Visual Clarity**

* **Color-coded zones**:

* Green for demand
* Red for supply
* Adjustable transparency and zone thickness.
* Labels for timeframes (e.g., "4H Supply") to clearly show origin.

#### 📐 **Dynamic Updates**

* Zones update in real-time as new supply/demand formations are detected.
* Outdated or invalid zones are removed, keeping charts clean and actionable.

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### ⚙️ **Customization Options**

* Enable/disable zones by timeframe (e.g., only show Daily + 4H).
* Adjust zone style: color, line style, label visibility.
* Control how long zones remain on the chart after being mitigated.
* Turn on/off alerts when price enters a zone (optional).

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### 💡 **Use Cases**

* **Swing Trading**: Use Daily and 4H zones for identifying macro-level turning points.
* **Intraday Trading**: Drop to 15m or 1H zones for scalping precise entries inside higher timeframe zones.
* **Confluence Trading**: Combine S\&D zones with price action, break of structure, or candlestick patterns for higher probability trades.

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### 🧑‍💼 **Who Is This For?**

* Traders who follow **Supply & Demand** methodology.
* Price action traders looking to automate zone plotting.
* Beginners who want to visually learn how S\&D zones work.
* Advanced traders who need efficient multi-timeframe zone overlays.