This indicator calculates and plots the “Supply” and “Demand” zones on the graph, identifying the type of Zone (Weak, Strong, Verified, Proven) and in the case of zone retests, shows how many times it has been retested.
Supply Zones are actually price zones where there was more supply than demand, pushing prices down..
Demand Zones are actually pricing zones where more demand has occurred than the offer, pushing prices up.
The Indicator classifies the Zones into the following Types:
The Indicator classifies the Zones into the following Types:
Configurations:
Configurations:
- Show Zone Labels