Anchored Supply Demand

1/ What is the Anchored Supply Demand? 

The Anchored Supply Demand Indicator for TradingView revolutionizes market analysis by introducing an advanced method to pinpoint accurate reversal zones through anchored supply and demand areas. 

Benefits:

  • High Precision in Zone Identification: Central to this indicator is its ability to uncover anchored supply and demand zones with high precision, utilizing swing highs, lows, and market volume as key determinants. 
  • Enhanced Trading Decisions: By offering detailed insights into the balance of market supply and demand, the indicator provides traders with the confidence to make informed trading decisions, significantly improving their strategy execution.
  • Applicability Across Various Markets: Designed for versatility, the Anchored Supply Demand Indicator is effective across forex, stocks, commodities, and other financial markets, catering to traders of all asset classes. 
  • Customizable Alerts for Efficient Trading: Traders can benefit from customizable alerts, including visual pop-ups, sound notifications, and email or push notifications, allowing for immediate action on trading opportunities. 

2/ Indicator Setting

Please note that there are 2 parts to this product: Anchored Supply Demand and Anchored Supply Demand Sub. Please add them both from your Invite-only scripts.

- Anchored Supply Demand

  • ZigZag depth: Determines the minimum number of bars between high and low points for them to be considered swing highs or lows, enhancing the indicator’s precision in identifying significant market movements.
  • ZigZag deviation: Sets the minimum price movement (as a percentage) that qualifies as a swing. This parameter helps filter out minor fluctuations, focusing on more meaningful price changes.
  • ZigZag backstep: Specifies the minimum number of bars between which a new high or low can overwrite the previous one, ensuring the relevance and accuracy of identified swings.
  • MA of volume: The moving average period for volume, used to smooth out volume fluctuations and identify significant changes in market activity.
  • MA type: Selects the type of moving average (e.g., Simple, Exponential) used for calculating the volume average, allowing traders to match the indicator sensitivity to their trading strategy.
  • High volume coefficient: A multiplier applied to the average volume to define what constitutes high volume, critical for confirming the significance of supply and demand zones.
  • ATR period: The period over which the Average True Range is calculated, used for assessing market volatility to fine-tune the indicator’s sensitivity to price movements.
  • Wide spread coefficient: Determines the threshold for what is considered a wide price spread, based on the ATR, to help identify significant market excitement within the anchored zones.

SL & TP

ATR Period for SL Shift: Choose periods for ATR-based stop loss adjustment.

SL Shift Coefficient (from ATR): Set how much ATR influences stop loss movement.

TP Coefficient (from SL): Define take profit distance as a ratio of the stop loss.

STYLING

  • Bullish anchor zone color: The color used to highlight bullish anchor zones on the chart, aiding visual distinction of potential upward reversal areas.
  • Bearish anchor zone color: Sets the color for bearish anchor zones, marking areas of potential downward reversals for easy identification.
  • Up Arrow Color: Pick a color for the arrow indicating a bullish signal.
  • Down Arrow Color: Choose a color for the arrow showing a bearish signal.
  • Up/Down Arrow Size: Adjust the size of the up and down arrows for better visibility.

✔Display TP/SL on Chart: Toggles the visibility of take profit and stop loss levels directly on the chart, aiding in trade planning and execution.

  • TP Color: Set the color for the take profit line or marker.
  • SL Color: Choose the color for the stop loss line or marker.
  • Max Bars to Calculate: Determine the maximum number of bars the indicator should use for its calculations, affecting how far back the analysis goes.

How can I set up alerts?

To stay updated on potential trading opportunities, you can set up alerts within the Anchored Supply Demand.

Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's “Alert” icon.

Step 3: Select Anchored Supply Demand  from the “Condition” dropdown list:

Step 4: A pop-up will appear as follows. You click on “Notifications”.

Step 5: You choose the types of notifications you'd like to receive and click the “Create” button. 

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