MTF Supply & Demand [Quantower]

The Supply and Demand MTF (Multi-Timeframe) Indicator is a technical analysis tool that identifies key supply and demand zones across multiple timeframes. This indicator automatically detects pivot points (highs and lows) and creates visual zones that represent areas where price is likely to find support or resistance.

Features:

• Multi-Timeframe Analysis: Analyze supply and demand zones across different timeframes simultaneously.
• Visual Zone Mapping: Clear visual representation of supply (resistance) and demand (support) zones.
• Real-time Updates: Zones update dynamically as new price data arrives.
• Customizable Display: Extensive customization options for colors, lines, and visual elements.
• Zone Status Tracking: Automatically tracks when zones are broken or remain active.

How It Works

The indicator uses a pivot detection algorithm that looks for significant highs and lows in the price action. When a pivot point is identified, it creates a supply zone (for pivot highs) or demand zone (for pivot lows) that extends from the pivot point to the current time. These zones represent areas where price has historically found resistance or support, making them valuable for trading decisions.

The multi-timeframe capability allows you to analyze the same instrument across different timeframes (tick, volume, range, time-based), providing a more comprehensive view of market structure and potential reversal points.

Changelog

7/4/2025

• Initial release.