Pivot Points with Demand/Supply Zones

📊 Summary of Indicator: Pivot Points with Demand/Supply Zones & Volume Signal
🔹 Indicator Name: Pivot Points with Demand/Supply Zones, Volume & Real-Time Volume Signal
🔹 Use for: Analyze support/resistance, Demand/Supply Zones and trading volume (Volume) in real time 📈
✅ Indicator Working Principle
1️⃣ 📊 Calculate Pivot Points & Support/Resistance
✅ Pivot Point (P) = (High + Low + Close) / 3
✅ Resistance 1 (R1) = 2 × Pivot - Low
✅ Support 1 (S1) = 2 × Pivot - High
✅ Resistance 2 (R2) = Pivot + (High - Low)
✅ Support 2 (S2) = Pivot - (High - Low)
✅ Display Pivot Line (🔵), Resistance (🔴), Support (🟢)
2️⃣ 📌 Calculate Demand/Supply Zone on 4 hours timeframe (4H TF)
✅ Demand Zone (🟢) → Low of 4H candlestick is lower than Support 1
✅ Supply Zone (🔴) → High of 4H candlestick is higher than Resistance 1
✅ Display "Demand Zone" & "Supply Zone" labels on the chart
3️⃣ 📈 Calculate 4H EMA and set candlestick color
✅ 4H EMA (4-hour moving average) is used as the main trend
✅ Set candlestick color according to the trend:
🟢 Green: Closing price > 4H EMA → Uptrend
🔴 Red: Closing price < 4H EMA → Downtrend
4️⃣ 📊 Calculate 4H RSI to identify Overbought/Oversold points
✅ Overbought (🔴) → RSI (The market has too much buying power)
✅ Oversold (🟢) → RSI (The market has too much selling power)
✅ Displays red/green candlestick color when entering Overbought/Oversold
5️⃣ 📊 Calculate trading volume (Volume) & Volume Signal
✅ Calculate average Volume (SMA 20 of Volume)
✅ Volume Intensity = Current Volume / Average Volume
✅ Set candlestick color according to Volume + Demand/Supply Zone
🟢 Dark Green: Demand Zone + High Volume
🟢 Light Green: Demand Zone + Normal Volume
🔴 Dark Red: Supply Zone + High Volume
🔴 Light Red: Supply Zone + Normal Volume
✅ Volume Signal (🟣) → If Current Volume > 1.5 × Average Volume
🎯 Usage
✔️ Use Pivot Points to identify important support/resistance levels
✔️ Use Demand/Supply Zones To see the market turning point
✔️ Use EMA to analyze the main trend of the market
✔️ Use RSI to see the Overbought/Oversold point before entering the trade
✔️ Use Volume Signal to see the significant buying/selling force
🚀 This indicator helps you analyze the market accurately with Pivot Points + Demand/Supply + Volume Signal! 💰

This indicator works on
#crypto #forex #gold and all assets.