OPEN-SOURCE SCRIPT
Multi Timeframe Supply & Demand
Multi-Timeframe Supply & Demand Zones – 4 Timeframes
This indicator displays supply and demand zones from up to four independently configurable timeframes on a single chart.
Each timeframe includes its own settings for swing length, zone colors, border style, label position, visibility, alerts, and the number of recent zones displayed. Higher-timeframe zones are calculated using data from their original timeframe, helping to keep the zone levels consistent when switching between lower-timeframe charts.
Additional features include:
* Four customizable timeframes
* Supply and demand zone detection using confirmed swing highs and lows
* Adjustable zone colors, borders and transparency
* Timeframe labels positioned on the left, centre or right
* Optional price lines and price labels for zone boundaries
* Configurable price-label position and appearance
* Optional removal of mitigated zones using candle closes or highs/lows
* Alerts for newly created zones and price interaction with zones
* A configurable −0.33 extension level that can be used as a visual stop-loss reference
* Option to hide lower-timeframe zones on higher-timeframe charts
This indicator is designed as a visual market-analysis tool. Supply and demand zones do not guarantee that price will reverse, and the indicator should not be used as a standalone trading system. Always combine it with your own market analysis and risk management.
This indicator displays supply and demand zones from up to four independently configurable timeframes on a single chart.
Each timeframe includes its own settings for swing length, zone colors, border style, label position, visibility, alerts, and the number of recent zones displayed. Higher-timeframe zones are calculated using data from their original timeframe, helping to keep the zone levels consistent when switching between lower-timeframe charts.
Additional features include:
* Four customizable timeframes
* Supply and demand zone detection using confirmed swing highs and lows
* Adjustable zone colors, borders and transparency
* Timeframe labels positioned on the left, centre or right
* Optional price lines and price labels for zone boundaries
* Configurable price-label position and appearance
* Optional removal of mitigated zones using candle closes or highs/lows
* Alerts for newly created zones and price interaction with zones
* A configurable −0.33 extension level that can be used as a visual stop-loss reference
* Option to hide lower-timeframe zones on higher-timeframe charts
This indicator is designed as a visual market-analysis tool. Supply and demand zones do not guarantee that price will reverse, and the indicator should not be used as a standalone trading system. Always combine it with your own market analysis and risk management.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.