This document defines a Pine script for plotting daily, weekly, and monthly supply and demand zones on a chart. It calculates moving averages of historical price ranges over different time periods to determine the zone levels. The script takes the open price and adds or subtracts half the moving average to plot the upper and lower zones as horizontal lines on the chart in different colors for each time frame. Users can toggle whether to display the daily, weekly, and monthly zones.
This document defines a Pine script for plotting daily, weekly, and monthly supply and demand zones on a chart. It calculates moving averages of historical price ranges over different time periods to determine the zone levels. The script takes the open price and adds or subtracts half the moving average to plot the upper and lower zones as horizontal lines on the chart in different colors for each time frame. Users can toggle whether to display the daily, weekly, and monthly zones.
This document defines a Pine script for plotting daily, weekly, and monthly supply and demand zones on a chart. It calculates moving averages of historical price ranges over different time periods to determine the zone levels. The script takes the open price and adds or subtracts half the moving average to plot the upper and lower zones as horizontal lines on the chart in different colors for each time frame. Users can toggle whether to display the daily, weekly, and monthly zones.