MTF Supply and Demand Zones Indicator Guide
The Flux Charts Multi-Timeframe Supply and Demand Zones (MTF S&D Zones) Indicator automatically locates and displays supply and demand zones that have formed across multiple timeframes in a single chart. When demand zones overlap, they are merged, showing zones with support across multiple time zones.
Indicator Features:
Automatic zone detection
Detection across multiple timeframes
Zone re-test notifications
Zone break notifications
Zone formation notifications
Automatic Zone Detection
Typically, traders manually detect supply and demand zones, but zones that exist far back on the chart or in another time frame are often missed. The Flux Charts MTF S&D Zones Indicator solves both these common issues by detecting zones over a range of bars beyond human capability to calculate, spanning across multiple timeframes.
Zone Detection Across multiple timeframes
Supply and Demand Zones on higher timeframes typically require a much larger amount of volume to break. For example, using the Flux Charts MTF S&D Zones Indicator, a trader can see a 5 minute candlestick test for a 30 minute demand zone. The trader will be notified and then can enter a buy position and wait for the demand zone to reverse the price.
If more than one supply zone exists within the same price range, or more than one demand zone exists within the same price range, they will be automatically merged. The timeframes of the merged zones will be listed in the bottom right of the zone. This allows a trader to see how many charts this zone exists on. Existing on more timeframes suggests that more traders are aware of the zone, implying a potential share per price reversal.
Ticker: SPY; Timeframe: 5 min; Indicator Timeframes: chart, 30min, 1hr
Here, the price reversal from a supply zone supported by three different timeframes breaks a demand zone that exists on only one timeframe.
Notifications
All major events surrounding supply and demand zones have notifications associated with them through the Flux Charts MTF S&D Zones Indicator. Notifications can be toggled on in the indicator settings.
Read our guide for setting up notifications on mobile or PC for TradingView.
Zone Re-test Notifications
When the price of a stock enters a zone, it signals a potential price reversal.
Ticker: NASDAQ; Timeframe: 5 min; Indicator Timeframes: chart, 30min, 1hr
Notifications for retests can be turned on through the Flux Charts MTF S&D Indicator settings.
Zone Break Notifications
A zone break is typically followed by a large movement above the zone, as it normally takes a large amount of opposing volume to break a zone.
Ticker: SPY; Timeframe: 5 min; Indicator Settings: Break Labels [ON], Retest Labels [OFF]
Notifications can be set for zone breaks, allowing traders to enter or exit positions dynamically without having to keep track of the price.
Zone Formation Notifications
When a new zone forms, traders will be notified immediately, allowing them to reassess their positions quickly.