Supply & Demand Zones + Order Block (Pro Fusion) Suro

The Supply & Demand Zones + Order Block (Pro Fusion) Suro indicator provides an all-in-one suite for identifying key institutional price levels, market structure shifts, and trend direction.

Usage

This tool can be used to identify high-probability reversal and continuation zones based on Smart Money Concepts (SMC). Traders can look for "Supply" and "Demand" boxes generated from refined swing points to determine where price is likely to react. Additionally, the script identifies "Order Blocks" (OB), which represent areas of heavy institutional participation.

Key applications include:

• Trend Following: Use the built-in 50 EMA to filter for trades in the direction of the prevailing trend.
• Breakout Trading: Monitor the "BUY" and "SELL" signals that appear when price breaks out of a zone with volume confirmation and trend alignment.
• Exit Strategy: Utilize the three automated Take Profit (TP) projection levels that appear upon a signal to manage trade targets.

Details

The script utilizes a swing lookback mechanism to identify strong highs and lows, which are then used to plot supply and demand zones. These zones are padded and extended to provide better visibility into future price action. Order Blocks are detected by identifying specific candle sequences (e.g., a bearish candle followed by multiple bullish candles) that meet a minimum percentage move threshold, ensuring only significant institutional moves are highlighted.

Settings

Main Settings

• Swing Lookback Period: Determines the number of bars used to identify swing highs and lows for zone detection.
• Zone Padding (in price): Adjusts the vertical thickness of the supply and demand boxes.
• Max Zones to Display: Limits the number of active zones shown on the chart to maintain clarity.
• Show Breakout Signals: Toggles the visibility of the volume-confirmed "BUY" and "SELL" labels.
• Show EMA 50: Toggles the 50-period Exponential Moving Average used for trend filtering.

Order Block Settings

• Order Block Periods: Sets the number of consecutive candles required after the initial OB candle to confirm a block.
• Min % Move for OB: Sets a minimum price movement threshold required for a sequence to be considered an Order Block.
• Use Wick Range for OB: If enabled, the script uses the full candle wick range to define the OB box; otherwise, it uses the candle body.

FAQ

How do I use the Take Profit levels?

The TP1, TP2, and TP3 levels are automatically projected from the entry price when a breakout signal occurs, providing standardized targets based on market volatility.

Can I use this for scalping?

Yes, the indicator is versatile and works across various timeframes; however, M15, H1, and H4 are recommended for balancing noise and signal reliability.

How can I access Supply & Demand Zones + Order Block (Pro Fusion) Suro?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.