Sup Dem Region
Version: v.1.0.0.0
Description
The SupDemRegion indicator for NinjaTrader 8 automatically identifies and highlights support and demand (resistance) zones on your chart. It detects areas where the price has bounced off a level multiple times, marking these regions as significant for potential trading opportunities. The indicator uses user-defined parameters to determine how many bars to consider for pivot calculation, how many bounces are required for a level to be considered important, and whether to include pin bar detection at these levels. Visual customization options allow you to set the colors and opacity for support and demand regions, as well as for pin bars detected at these levels.
Key Features
- Automatically detects and displays support and demand (resistance) zones based on price action.
- User-configurable parameters for pivot period, bounce count, and bounce period.
- Option to enable or disable pin bar detection at key levels.
- Customizable colors and opacity for regions and pin bars for clear chart visualization.
- Helps traders identify high-probability reversal or breakout zones based on repeated price reactions.
Properties
Parameters
- Pivot period [default: 14, range: 3–∞] — The number of bars used to calculate pivot point.
- Bounce count [default: 2] — Minimum bounces before level is significant.
- Bounce period [default: 3, range: 3–∞] — The number of bars used to calculate level bounce.
- Pin bar on level [default: true] — Enable pin bar detection at pivot levels.
Style Parameters
- Color support region — Color for support regions.
- Color demand region — Color for demand regions.
- Color support pin bar — Color for support pin bars.
- Color demand pin bar — Color for demand pin bars.
- Opacity [default: 35, range: 0–100] — Region opacity.