Our Indicator “Supply and Demand” offers an insight into the structure of any given Instrument applied to. Understanding Supply and Demand is essential for using this Indicator. If you are familiar with the concept, then you will most likely find this indicator useful in your trading. If you are unfamiliar with the concept and are interested then continue reading...
The Demand Oscillator was created by James Sibbet (Stocks & Commodities June, 1986) and I changed his formula quite a bit to what you see on here. If it rises above the signal then buy or if not then sell. This is my custom version of his formula so let me know what you think. Let me know if you would like to see me write any other scripts!
Hello guys, I love to play around with different methods for detecting support and resistance level. So today here is a new approach, which could be interesting to a few of you. I call it exhaustion level. I'll give a brief introduction on how the indicator works and leave the testing/applying to you. How does it work? The method is basically very simple....
This Script automatically marks Demand and Supply Zone on the chart