Alpha Simple Supply/Demand

Alpha Simple Supply/Demand
This indicator's primary function is to plot potential Supply (Resistance) and Demand (Support) zones on the chart by referencing the High and Low price points.

How It Functions
Supply Zones (Red): These are drawn around the Daily Highs and represent areas where selling pressure (resistance) is anticipated.

Demand Zones (Green): These are drawn around the Daily Lows and represent areas where buying pressure (support) is anticipated.

Application on a 30-Minute Chart

This setup helps you see how the current intra-day price action is interacting with the significant daily structural levels established over the past few sessions.