Supply & Demand zone based on EMA Cross

xpsal

New member
VIP
Hi there, anyone please help create a study as following. example drawings attached.
1. use the top or bottom of the candle where EMA9 and EMA21 crosses as the top or bottom of the supply or demand zone.
2. use the previous previous higher or lower before the cross as the other part of the zone.

  • if EMA9 Crosses below EMA21, then use current candle and the last higher candle's high to generate supply zone
  • if EMA9 Crosses above EMA21, then use current candle and the last lower candle's bottom to generate demand zone

2. supply zones use color red, and demand zone uses color blue.(or any color suits)
3. only show 2 sets of supply and demand zones.

1739627561635.png
 
Solution
i started on this.... thinking the rules were listed well...
then i realized they aren't , so i stopped for now.

it is very confusing to combine 2 sets of rules ( buy and sell) into 1 set. don't do that.
rewrite the rules into 2 clear sets of rules

--------------------------------

rule1 , top or bottom of what ? the wicks? body? don't be vague. this rule is confusing.
should say , if EMA9 crosses above EMA21 , then do stuff

rule2 , higher what? lower what?

you have 2 rule 2's
2nd rule 2 , you say red, but show a tan cloud
i started on this.... thinking the rules were listed well...
then i realized they aren't , so i stopped for now.

it is very confusing to combine 2 sets of rules ( buy and sell) into 1 set. don't do that.
rewrite the rules into 2 clear sets of rules

--------------------------------

rule1 , top or bottom of what ? the wicks? body? don't be vague. this rule is confusing.
should say , if EMA9 crosses above EMA21 , then do stuff

rule2 , higher what? lower what?

you have 2 rule 2's
2nd rule 2 , you say red, but show a tan cloud
 
Last edited:
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
533 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top