The indicator draws as follows:
- Supply Zones,
- Demand Zones,
- Fair Value Gaps
and sends alerts when a supply or demand zone is reached.
The zone timeframe is set independently of the chart timeframe. It is possible for instance to set the M5 zones on the H4 chart. The importance of zones can be adjusted with the zone strength parameter.
Demand zones are displayed if at least one candle in the range of the zone will be entirely above the zone. Respectively, supply zones are displayed if at least one candle within the zone will be entirely below the zone.
Fair Value Gaps are formed in a three-bar pattern when the left and right bars do not engulf the middle one.
Alerts are for supply and demand zones and can be set as popup, sound alerts or "send notification" alerts.
A convenient panel has been attached to the indicator.
