Demand and Supply by Stock Fusion 1.1

Title: Demand and Supply by Stock Fusion 1.1

Description: The "Demand and Supply by Stock Fusion 1.1" indicator is designed to identify and visualize institutional demand and supply zones on a chart, helping traders spot potential areas of price reversal or continuation. It highlights key price levels based on specific candlestick patterns and Momentum volume characteristics, making it suitable for various trading styles such as intraday, swing, or positional trading. The indicator supports customizable settings for timeframes, zone styles, and visual elements, ensuring flexibility for both novice and experienced traders.
Key features include:
• Dynamic Zone Detection: Identifies demand (DZ- RBR, DBR) and supply (SZ- DBD, RBD) zones on user-selected lower timeframes (LTF) or the chart’s native timeframe.
• Candle Coloring: Highlights explosive bullish/bearish candles and accumulation/base candles to emphasize significant price movements or consolidation phases.
• Zone Visualization: Plots zones as colored boxes with optional right extensions and customizable labels for clarity.
• Zone Management: Automatically removes zones after price retests or mitigation, ensuring the chart remains uncluttered.
• Informative Table: Displays real-time data on the closest zone, including the symbol, last traded price (LTP), zone type, proximal/distal prices, and proximity percentage.
• Customizable Settings: Offers options for trading modes (Manual, Normal, Conservative, Study), timeframe selection, zone strength, colors, transparency, and more.
This indicator is ideal for traders seeking to analyze market structure through institutional price action and Explosive Momentum volume based zones, with a focus on clarity and usability.
Functional Overview
1. Input Configuration:
o Trading Mode: Users can select from "Manual," "Normal," "Conservative," or "Study" modes to adjust zone sensitivity and behavior.
o Timeframe Selection: Allows users to choose a lower timeframe (e.g., 1-minute to yearly) for zone detection or use the chart’s native timeframe.
o Zone Strength: Adjustable multiplier for lower timeframe zones to control sensitivity.
o Visual Customization: Options to toggle candle coloring, zone labels, borders, and right extensions, with customizable colors, transparency, and label sizes.
o Table Settings: Configurable table for displaying zone data, with options for position, background color, text color, and font size.
o Zone Removal: Features to automatically remove zones after price retests or full mitigation to keep the chart clean.
2. Zone Detection:
o Identifies demand zones (Rally-Base-Rally [RBR], Drop-Base-Rally [DBR]) and supply zones (Drop-Base-Drop [DBD], Rally-Base-Drop [RBD]) based on candlestick patterns, volume thresholds, and price action relative to a moving average.
o Uses a base candle range (1 to 3 candles by default) to detect consolidation periods before explosive price movements.
o Incorporates momentum volume analysis to ensure zones are formed during high-Low volume periods, enhancing reliability.
3. Candle Analysis:
o Explosive Candles: Detects bullish or bearish candles with large body-to-range ratios and high volatility (based on ATR) to highlight significant price movements.
o Boring/Accumulation Candles: Identifies candles with small body-to-range ratios to mark consolidation phases, often preceding breakouts.
o Colors candles based on user preferences to visually distinguish explosive and accumulation phases.
4. Zone Visualization:
o Plots demand and supply zones as colored boxes, with options for "Wick to Wick" or "Body to Wick" zone styles.
o Supports right-extended zones for better visibility of active levels.
o Adds labels to zones (e.g., "D-DZ" / "D-SZ" for daily demand zone) with customizable sizes and colors.
5. Zone Management:
o Automatically removes zones when price closes within or beyond them, depending on user settings for retest or second-leg mitigation.
o Tracks removed zones to prevent redundant plotting and maintain chart clarity.
6. Table Display:
o Displays a table summarizing the closest active zone, including the symbol, current price, zone type (DZ/SZ), proximal/distal prices, and proximity percentage.
o Updates dynamically based on price action and zone changes.
7. Performance Optimization:
o Uses arrays to manage zones, labels, and table data efficiently.
o Limits the number of plotted elements (boxes, labels, lines) to comply with resource constraints (e.g., max 500 boxes/labels).
o Supports dynamic requests to handle data across different timeframes.
Disclaimer:-
The Demand and Supply by Stock Fusion 1.1 indicator is intended solely for informational and technical analysis purposes and does not provide financial advice or trading recommendations. Trading carries significant risks, including the potential for substantial financial losses. Users are fully responsible for their trading decisions and should perform their own research, assess their risk tolerance, and consult a licensed financial advisor before making any trades. The indicator’s signals are derived from market data, and historical performance does not guarantee future results. The developers and providers of this indicator are not liable for any losses or damages resulting from its use.