OffTheCharts SCOPE

OffTheCharts SCOPE is a market structure and supply and demand analysis indicator designed to help traders read price objectively, identify meaningful areas of interest, and understand directional bias without clutter, prediction, or signal-based noise.

The indicator automatically maps supply zones, demand zones, trigger zones, break of structure events, and presents a live dashboard that summarizes current market context in real time. Its purpose is not to tell traders what to buy or sell, but to help them understand where price is reacting, where participation matters, and how structure is developing across timeframes.

Supply zones represent areas on the chart where selling pressure previously caused price to move down aggressively. These zones are identified from confirmed swing highs that occurred with sufficient market participation. When price revisits a supply zone, that area often behaves as resistance, meaning selling interest may return.

Demand zones represent areas on the chart where buying pressure previously caused price to move up aggressively. These zones are identified from confirmed swing lows that occurred with sufficient market participation. When price revisits a demand zone, that area often behaves as support, meaning buying interest may return.

Each supply and demand zone contains a Trigger Zone, abbreviated as TZ. The Trigger Zone is the midpoint of the zone. It is not a trade signal and not an entry trigger. The Trigger Zone exists as a reference level within the zone where reactions, acceptance, or rejection often become clearer. It helps define where the most meaningful decisions occur inside a zone rather than focusing only on the extreme edges.

Break of Structure, abbreviated as BOS, marks a confirmed structural change in the market. A bullish Break of Structure occurs when price breaks above a supply zone, indicating that prior selling pressure has been overcome. A bearish Break of Structure occurs when price breaks below a demand zone, indicating that prior buying pressure has failed. When a Break of Structure occurs, the original zone is removed and replaced by a fixed structure marker that stops at the exact bar where the break happened. This prevents zones from extending indefinitely after they are no longer valid.

Zones are filtered using Relative Volume, abbreviated as RVOL. Relative Volume compares the volume at the pivot candle where a zone is created to the average volume over a user-defined lookback period. If volume participation does not meet the minimum threshold, the zone is not drawn. This helps reduce noise and avoids zones formed during low participation or thin trading conditions. Zones that meet the Relative Volume threshold can optionally be tagged as High Volume, abbreviated as HV, to visually highlight areas formed during strong participation.

Each supply and demand zone is assigned a Strength score ranging from zero to one hundred. Strength is a quality metric, not a prediction. It is calculated using the relative volume at the time the zone was created, the number of times price has touched the zone, and the number of clean rejections away from the zone. Zones formed with higher participation and clean reactions tend to score higher. Zones that have been repeatedly touched or show weak follow-through tend to score lower.

The dashboard brings all of this information together into a single, real-time summary.

Bias displays the current directional context of the market based on the selected bias engine.

Confidence describes how complete that bias is based on available confirmations from structure, position, and break conditions.

Active Zone identifies which zone is currently most relevant to price. Priority is given to the zone price is currently inside. If price is not inside a zone, the nearest Trigger Zone is used instead. Active Zone displays whether Supply or Demand is active and includes the strength percentage of that zone.

Nearest Trigger Zone shows the distance from current price to the closest Trigger Zone. Distance can be displayed in points, ticks, or percentage depending on user preference.

The indicator includes two bias engines.

Classic Bias uses price position relative to Trigger Zones combined with basic market structure alignment. It is intended for general market context, directional awareness, and broader trend framing.

Sniper Bias is a stricter confirmation-based engine that follows an Anchor, Direction, and Break sequence. Anchor refers to where price is positioned relative to Trigger Zones. Direction refers to market structure based on higher highs and higher lows for bullish structure or lower highs and lower lows for bearish structure. Break refers to confirmation via a Break of Structure. When strict mode is enabled, all three conditions must be present for a bias to be considered confirmed.

The dashboard also displays whether price is currently inside a supply or demand zone, how many active zones are present, the current Relative Volume filter state, and the exact price levels of the most recent Trigger Zones.

How to use this indicator.

Begin by identifying supply and demand zones on your chart. Supply zones above price represent potential resistance areas. Demand zones below price represent potential support areas.

Next, use the dashboard to understand context. Review the current bias and confidence level. Identify which zone is marked as the Active Zone and note its strength. Observe how far price is from the nearest Trigger Zone.

Do not assume that a zone will automatically hold. Allow price to interact with the zone. Clean reactions, strong rejections, or confirmed Break of Structure events provide information about intent. Choppy or overlapping price action inside a zone suggests that patience is required.

Use the Trigger Zone as a reference level inside the zone. Reactions near the Trigger Zone often provide clearer information than reactions at the extreme edges alone.

This indicator is not designed to be used as a standalone trade signal. It is designed to provide structure, context, and situational awareness so trades can be planned with confirmation, risk management, and alignment with a broader strategy.

Settings guide.

Swing High and Swing Low Length controls how sensitive the indicator is when detecting pivots. Lower values produce more zones and more frequent structure changes. Higher values produce fewer zones that tend to be more significant.

ATR Length controls how volatility is measured. ATR stands for Average True Range. It measures how much price typically moves over a given period. In this indicator, ATR is used to scale zone width so zones adapt naturally to different market conditions. Higher ATR values result in wider zones. Lower ATR values result in narrower zones.

Zone Width controls how thick supply and demand zones are relative to ATR. Increasing this value creates wider zones. Decreasing it creates tighter zones.

Extend Right controls how far zones are visually projected into the future. This does not predict price movement. It only determines how long zones remain visible on the chart.

Relative Volume settings control how strict the participation filter is. A higher threshold requires stronger volume to create zones. A lower threshold allows more zones to appear.

Bias settings allow switching between Classic Bias and Sniper Bias. Sniper Bias can be used with strict confirmation enabled for higher-quality alignment.

Visual and dashboard settings allow customization of colors, layout, and displayed information without affecting core logic.

Trade design and intended use.

OffTheCharts SCOPE is designed primarily for intraday, short-term swing, and structure-based trading. It is well suited for traders who plan entries around support and resistance behavior, confirmation-based reversals, continuations, and break-and-retest scenarios. It can be used on lower timeframes for intraday context and on higher timeframes to define larger structural zones that guide execution on lower charts.

This indicator is not designed for high-frequency scalping, fully automated trading systems, or buy-and-hold portfolio management. It is a discretionary analysis tool intended to support decision-making, not replace it.

How to use OffTheCharts SCOPE in practice

A simple workflow is to first identify where price is trading relative to supply and demand zones. Next, check the dashboard to understand the current bias and confidence. Then observe how price behaves as it approaches or interacts with the Active Zone or Trigger Zone. Strong reactions, clean rejections, or confirmed Break of Structure events provide information about continuation or failure. Trades should be planned using confirmation, risk management, and alignment with your own strategy rather than assumption.

Notes on toggles and customization

Toggles and visual settings are provided for clarity and personal preference. Enabling or disabling visual features such as swing labels, zigzag lines, or dashboard elements does not change the underlying logic of zone creation or structure detection. Bias mode selection changes how directional context is evaluated but does not alter where zones or Trigger Zones are drawn.

Final notes and disclaimer.

This indicator is provided for educational and analytical purposes only. It does not provide buy or sell signals and does not constitute financial advice. All trading involves risk, including the potential loss of capital. Users are responsible for confirming analysis, managing risk, and following their own trading plans.

OffTheCharts SCOPE is built to emphasize structure, participation, and patience. Its goal is to help traders focus on where price matters and how the market is behaving, not to predict what price will do next.