Sonarlab - Smart Money ConceptsSupply and Demand is one of the core strategies used in trading. It focuses on the ancient laws of supply and demand and how price moves in a free-flowing market. Supply and demand zones are a popular analysis technique used in all kinds of trading styles. The zones are the periods of sideways price action that come before explosive price moves, and are typically marked out using a box. We wanted to make these squares drawn automatically for you - so it will save you time spotting the zones.
Green Box
The green box defines demand - in these areas you will look for long opportunities. You can also use these zones for take profit levels when you are in a sell trade.
Blue Box
The blue box defines supply - in these areas you will look for short opportunities. You can also use these zones for take profit levels when you are in a buy trade.
Break of structure
For markets to move up and down a break in market structure must occur. A break in market structure occurs when the market begins to shift direction and break the previous HH and HL or HL and LL of the market. We also integrated the feature that you can see the BOS lines. In the indicator settings you can adjust the values:
1) Sensitivity
2) Min. candles in structure
3) BOS type: close or wick
Warning Never blindly take a position on each box - wait for a proper signal to occur before considering a position.
Smctrading
AMD-ImbalanceThis script looks at three consecutive candles and if there is an area between the wicks of the first and third candle, it will paint a box to mark the area.
The marked area is considered an imbalance or inefficiency in the market. Price usually finds its way back to that area of imbalance to clear it.
As price clears part of the area of imbalance, the box turns from a solid border to a dashed border.
