Supply/Demand Settings

Visualization Key

Precise values for supply/demand and support/resistance channel boundaries can be viewed by opening the TradingView data window.

Benchmark

Supply and demand are measured from the loaded chart by default. However, it is possible to use other assets as a benchmark for measuring supply and demand by inserting a ticker symbol here. For example, to measure supply and demand relative to BTC market cap, insert the ticker CRYPTOCAP:BTC.

Source

Specifies the price source used to calculate the true strength index:

• Open - open price

• High - highest price

• Low - lowest price

• Close - closing price

• Hl2 - average of high + low price (H+L/2)

• Hlc3 - average of high + low + close price (H+L+C/3)

• Ohlc4 - average of open + high + low + close price (O+H+L+C/4)

• Hlcc4 - average of high + low + double-weighted close (H+L+C+C/4)

Elements of other loaded indicators can also be set as a Source.

Channel EMA Length

Specifies the length of the supply and demand zone channel.

Channel EMA Average Length

Specifies the length of the channel zones.

Volume Weighted Moving Average Length

Specifies the length of the Volume Weighted Moving Average used in index calculations.

Iteration Count

Specifies the number of step iterations used by the algorithm to determine support and resistance levels. Increasing this value increases the channel size.

Smoothing

Specifies if smoothing will be applied to zones.