Supply and Demand Anchored
Sep 7, 2023
The Supply and Demand Anchored trading indicator is a powerful tool designed for traders looking to identify key market zones with precision. Building on the foundation of the popular Supply and Demand Visible Range indicator, this tool enhances user control by allowing the manual selection of start and end points for the calculation of supply and demand zones. Consequently, traders can tailor the indicator to focus on specific market segments, resulting in more accurate and relevant trading strategies.
How to Trade with the Supply and Demand Anchored Indicator?
The Supply and Demand Anchored indicator utilizes the same methodology celebrated in previous iterations, such as the Supply and Demand Visible Range indicator. This sophisticated approach estimates supply and demand zones that traders can rely on for identifying potential support and resistance levels.
To use the indicator, incorporate it into your charting platform. Upon activation, the indicator prompts users to designate a starting point and an ending point for the zone calculation. This interactive process allows traders to specifically target the market areas of interest each time they apply the tool.
Post-calculation, the identified zones are visually extended across the chart, providing valuable insights into potential market movements. These zones are not static; you can adjust the starting and ending points by clicking and dragging them to new positions, a feature that provides remarkable flexibility in dynamic market conditions.
Indicator Settings for Optimal Trading Performance
- Threshold %: Defines the percentage threshold of the total visible range volume necessary for establishing supply and demand areas. Increasing the threshold results in broader areas, which can provide more robust support and resistance levels.
- Resolution: Determines the granularity of the bins used in identifying each area. Higher resolution results offer greater precision, aiding traders in fine-tuning their strategies.
- Intra-bar TF: Specifies the timeframe for collecting intra-bar data, allowing traders to adapt to various market conditions efficiently.
Expand Your Trading Toolkit with Related Scripts
For those interested in exploring further, check out these associated scripts for an enriched trading experience:
FAQ
How do I access the Supply and Demand Anchored Indicator?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.
What makes the Supply and Demand Anchored Indicator different from other indicators?
The unique capability to manually select calculation points on your chart distinguishes this indicator from other market tools, offering a personalized and precise estimation of supply and demand zones relevant to your trading strategy.
Can the indicator settings be adjusted based on individual trading strategies?
Yes, the settings such as Threshold %, Resolution, and Intra-bar TF can be customized to align with specific trading strategies, enhancing overall analysis and decision-making.
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Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including, but not limited to, lack of liquidity. Simulated trading programs in general are designed with the benefit of hindsight, and are based on historical information. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
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