DK Supply & Demand

🧠What It Does:

The DK Supply & Demand indicator highlights candles with low trading volume, which may indicate weak buying or selling pressure at potential supply or demand zones.

It plots:
🔺 Green triangles above bullish candles with low volume

🔻 Red triangles below bearish candles with low volume

This can help you identify:

-->Exhausted buyers at potential supply zones

-->>Exhausted sellers at potential demand zones


🧾How It Works:
The script checks if the current candle’s volume is lower than both of the previous two candles.

Conditions:
✅ Bullish Low Volume Candle:

Candle closes above open (close > open)

Volume is lower than the previous two bars
→ 🟢 Plotted as a green triangle above the candle

✅ Bearish Low Volume Candle:

Candle closes below open (close < open)

Volume is lower than the previous two bars
→ 🔴 Plotted as a red triangle below the candle


🛠️How to Use It:

1: Look for green/red triangle signals:

/Green triangle = weak bullish candle (potential demand zone)

/Red triangle = weak bearish candle (potential supply zone)

2: Combine with other tools:

/Use alongside price action, support/resistance, or volume profile for better decision-making.

/Confirm with breakouts, reversal patterns, or volume spikes.

⏱️ Best Timeframes:
/ Works on all timeframes

/Most useful on 5M, 15M, 1H and higher when identifying structure levels

⚠️ Limitations:
/Low volume alone ≠ reversal — use this as a supporting signal, not a standalone strategy.

/Avoid using on illiquid assets where volume is naturally low or inconsistent.