ICT Supply and Demand Zones Identifier

ICT Supply and Demand Zones Identifier

This indicator helps to draw supply and demand zones based on ICT's concepts. Traders can customize their Demand and Supply zones' color. By default, demand is red, supply is blue. The recommended way of trading by ICT is to buy in Demand Zone and sell in Supply Zone. Do keep in mind to consider multiple other confluences when trading. Do keep in mind that it is possible for supply and demand zones to overlap. In such instances, I would recommend to refrain from trading as this implies a lack of volatility.

Users can change the following inputs:

LookBackCandles: LookBackCandles changes how many past candles the indicator should look back from the current bar to search for potential zones

ImpulseBodyRatio: ImpulseBodyRatio refers to the strength of the movement made by the next bullish/bearish candlestick [A higher ImpulseBodyRatio will result in less zones plotted, but the zones plotted may be more reliable]

ZoneLifetimeBars: ZoneLifetimeBars changes the length of the zones. (ZoneLifetimeBars is only for visual purposes and serves no purpose in determining how demand/supply zone is plotted)

Timeframe: Users can change which timeframe should the indicator observe. By default, the timeframe is set to the current timeframe