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Add a scanner for demand zone and supply zone #87

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pkjmesra opened this issue Apr 18, 2024 · 6 comments
Open

Add a scanner for demand zone and supply zone #87

pkjmesra opened this issue Apr 18, 2024 · 6 comments
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collaboration enhancement New feature or request question Further information is requested

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@pkjmesra
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pkjmesra commented Apr 18, 2024

Request from telegram trader: @pravmahar and @tg_sachinn

Add a scanner for demand zone and supply zone

  1. Rally Base Rally (RBR) Zones: These zones occur after a rally (upward price movement), followed by a period of consolidation (base formation), and then another rally. Smart money often forms positions here as it suggests a strong uptrend continuation.
  2. Rally Base Drop (RBD) Zones: In this case, there is a rally, followed by a base formation, but instead of another rally, the price drops. Smart money may position themselves here in anticipation of a potential trend reversal.
  3. Drop Base Rally (DBR) Zones: These zones form when there is a drop in price, followed by a base formation, and then a rally. Smart money may take positions here, expecting a trend reversal to the upside.
  4. Drop Base Drop (DBD) Zones: In this scenario, the price drops, then forms a base, but subsequently continues to drop. Smart money might take bearish positions here, anticipating further downward movement.

https://www.flowbank.com/en/research/price-action-trading-strategy-supply-demand-zones

https://www.tradingview.com/support/solutions/43000713306-time-price-opportunities-tpo/

@pkjmesra pkjmesra added collaboration enhancement New feature or request question Further information is requested labels Apr 18, 2024
@pkjmesra pkjmesra self-assigned this May 14, 2024
@pkjmesra
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@03sachin and @Anoopvempeny -

Can you please describe how you'd like to view the results in a tabular view that will make sense to users like yourself? I don't intend to include charts/graphs in the screener yet.

@pkjmesra
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pkjmesra commented Aug 6, 2024

@03sachin and @Anoopvempeny - Would you like to respond ?

@03sachin
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03sachin commented Aug 6, 2024

Yes can we test this?

@pkjmesra
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pkjmesra commented Aug 6, 2024

@03sachin and @Anoopvempeny -

Can you please describe how you'd like to view the results in a tabular view that will make sense to users like yourself? I don't intend to include charts/graphs in the screener yet.

@03sachin
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03sachin commented Aug 6, 2024

Yes tabular will do

Stock Name
Time Frame of Scanning
Price value of Proximal line
Price value of Distal lines

@03sachin
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03sachin commented Aug 6, 2024

Also there is one important concept that zone is Tested or fresh

If possible add this as well

@pkjmesra pkjmesra removed their assignment Aug 30, 2024
@pkjmesra pkjmesra self-assigned this Oct 1, 2024
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