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IBH Supply and Demand
Version 3
Highlights potential supply and demand price points based on a statistical analysis of price and volume.
Highlights potential supply and demand price points based on a statistical analysis of price and volume.
What's New
Version 3
Enhanced sample workspace

Version 2
Feature enhancement: provides additional choices to determine price and volume outliers

Version 1
Version 3
Enhanced sample workspace

Version 2
Feature enhancement: provides additional choices to determine price and volume outliers

Version 1
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Customer Reviews
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Average Customer Rating:
 (1)
Not just for supply & demand traders
March 6, 2020 Version: 2
By:RobB
This is a handy little indicator if you trade supply and demand zones. One of the things you look for when trading zones is the way price leaves a level. This indicator helps to identify extended range bars which indicates there may be sellers/buyers left behind. Next time price visits that level it could be good to trade.

Another thing it points out are heavy volume bars which can also point to possible areas to trade, especially reversals. You can combine the two to identify heavy trading as price leaves a level, which I like to call the scene of the crime. When price revisits it could be a good trade.

Its configurable by setting the standard deviation you want so you have a way to measure and compare, rather than just eyeballing the bars or having to have volume on your chart.
$1 mo
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Developer
Requirements
Tradestation 9.5 (Update 22)
Support Documents
Asset Type
Stock, Future, Forex
Style
Intraday
Methodology
Other
Analysis Techniques
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