Supply Demand Reversals


SETTING MANUAL

1/ What is the Supply Demand Reversals indicator? 

Introduction: 

The "Supply Demand Reversals" indicator for TradingView introduces an approach to identifying trend reversals, revolutionizing how traders capitalize on market movements.

This sophisticated tool leverages the strength of supply and demand zones to forecast potential upward or downward trends with unparalleled precision.

Benefits:

  • Advanced Reversal Detection: Pinpoint significant market reversals before they happen by analyzing the breach of critical supply and demand zones.
  • Automated Trade Insights: Simplifies the trading process by providing high-probability reversal signals, complete with recommended stop loss and take profit levels.
  • Market Versatility: Effectively apply this indicator across various financial instruments, including forex, stocks, indices, and commodities.
  • Customizable Alerts: Stay ahead of the game with personalized alerts via pop-up, sound, email, and push notifications, ensuring you never miss a golden opportunity to trade.

2/ Indicator Setting - Supply Demand Reversals

Lookback Periodzag Backstep: Defines the period and minimum interval for plotting highs and lows, enhancing the indicator's precision in identifying crucial price movements and trends.

Use Retest Signals: Enables the detection of retest opportunities after a supply or demand zone has been identified, offering additional entry points.

Show Only First Rectangles: Limits the display to only the most recent bullish/bearish rectangles formed in a supply or demand zone, focusing on the most significant areas.

Show Only First Arrows: Displays only the most recent bullish/bearish arrows within a supply or demand zone, emphasizing the most recent entry points.

SL & TP

ATR Period for SL Shift: Defines the calculation period for the Average True Range, used to dynamically adjust stop loss levels based on market volatility. 

SL Shift Coefficient (from ATR): Applies a multiplier to the ATR value to determine the distance of the stop loss from the entry point, accommodating market conditions.

TP Coefficient (from SL): Sets the take profit distance as a ratio to the stop loss distance, aiming for a balanced risk-reward strategy.

Bullish Rectangle Color (Uncrossed): Chooses the color for bullish rectangles before a price breakout occurs.

Bearish Rectangle Color (Uncrossed): Chooses the color for bearish rectangles before a price breakout occurs. 

Bullish Rectangle Color (Crossed): Specifies the color for bullish rectangles after a price breakout has happened. 

Bearish Rectangle Color (Crossed): Specifies the color for bearish rectangles after a price breakout has happened.

STYLING

Up Arrow String: Customizes the label for bullish arrows, allowing for personalized signal identification.

Down Arrow String: Customizes the label for bearish arrows, allowing for personalized signal identification.

Bullish Retest Arrow: Sets the appearance for arrows indicating a bullish retest opportunity.

Bearish Retest Arrow: Sets the appearance for arrows indicating a bearish retest opportunity.

Bullish Arrow Color: Chooses the color for arrows signaling bullish setups. 

Bearish Arrow Color: Chooses the color for arrows signaling bearish setups. 

Bullish Retest Arrow Color: Selects the color for arrows that identify bullish retest opportunities, distinguishing them from initial signals. 

Bearish Retest Arrow Color: Selects the color for arrows that identify bearish retest opportunities, distinguishing them from initial signals.

Display TP/SL on Chart: Toggles the visibility of stop loss and take profit levels directly on the chart for easy reference.

TP Color: Defines the color of the take profit line. 

SL Color: Defines the color of the stop loss line. 

Signal Arrow Size: Adjusts the size of the signal arrows, ensuring they are easily noticeable.

Max Back Bars: Limits the number of bars the indicator reviews for pattern detection, optimizing performance and focus.


  • How can I set up alerts?

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

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 Supply Demand Reversals 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.