OPEN-SOURCE SCRIPT

Supply & Demand Zones (SK Wealth Guru)

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Supply & Demand Zones (SK Wealth Guru) 📈
🚀 Description:
This indicator helps traders identify key Supply & Demand Zones, integrating SuperTrend, SMA, ATR-based Stop Loss & Target, and Higher Timeframe Confirmation to refine entries.

✅ Key Features:

Automatic Supply & Demand Zone Marking
Trade Only on Candle Close within Zones
Intraday & Positional Mode (Default: 20 & 30 Lookback)
SuperTrend & SMA for Trend Confirmation
ATR-based Stop Loss & Fibonacci Target Extension
Risk-Reward Ratio Filtering
Table Display of Market Levels, Trend, and Trade Signals
⚠️ Note:

This script does not guarantee profits. Use proper risk management.
Educational Purpose Only—not financial advice.
Always backtest and use alongside other confirmation signals.
🔔 Alerts:

Buy & Sell opportunities based on zone break & trend confirmation.
📌 How It Works:
1️⃣ Demand Zone (Support) Trade:

A bullish trade is triggered only if a candle closes inside the demand zone.
2️⃣ Supply Zone (Resistance) Trade:
A bearish trade is triggered only if a candle closes inside the supply zone.
3️⃣ Risk-Reward Validation:
Trade is taken only if Risk-Reward > 2.
🔥 Developed by: SK Wealth Guru

כתב ויתור

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