Supply/Demand Discovery
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Product Description
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Supply/demand is a very famous trading method that helps traders gauge & takes advantage of trading actions made by BIG PLAYERS (like banks or funds), whose heavy positions seriously impact the market.
Unfortunately, each trader draws supply/demand zones differently. And ironically: when asked how they draw supply/demand zones, what their rules are - they even cannot answer with certainty and clarity. This makes it nearly impossible to code a great NinjaTrader supply and demand indicator.
That's why ninZa.co set a quest to develop this challenging indicator for the NinjaTrader community. Supply/Demand Discovery, our success & pride, is one of the very rare supply and demand indicators for NinjaTrader 8, and perhaps the most accurate version!
Why is ours the superior version? Because it does NOT repeat the mistake of most existing NinjaTrader supply and demand indicators: they all just draw supply/demand zones from market tops/bottoms. This mistake makes supply/demand nothing but support/resistance (we already have Market Extremes for support/resistance). However, a critical thing traders must understand is that: supply/demand and support/resistance are 2 different things, not one!
Our NinjaTrader 8 supply and demand indicator truly reflects the mechanism of supply & demand - the 2 forces behind price discovery in all markets. Here are the correct definitions:
- A supply zone is where the supply overwhelms the demand (sellers dominate). This makes the price PLUMMET.
- A demand zone is where the demand overwhelms the supply (buyers dominate). This makes the price ROCKET.
As you see, supply/demand zones do not just show up at tops/bottoms. They may occur somewhere in the MIDDLE, which is the key difference to support/resistance.
Our awesome 8 NinjaTrader supply and demand indicator discovers supply/demand zones by searching for large moves happening within a very short period (on chart: you see the price rocket/plummet). It allows you to fully define the criteria of a large move (example: at least 3 ninZaATR within 3 bars, or at least 10 ninZaATR within 7 bars...).
Supply/Demand Discovery is extremely helpful for many common trading styles:
- Reversal trading: If a false breakout occurs, the odd for seeing a successful reversal is very high.
- Support and resistance: Supply and demand zones are natural support and resistance levels.
- Stop loss and take profit: Always place your profit target ahead of a zone and set your stop order behind a zone.
To dig further on this important topic, please read the following great article → 6 Secrets for Supply/Demand Trading.
In this indicator, ninZaATR is used (instead of regular ATR) for better performance. For your information, ninZaATR is ninZa.co's special ATR version that helps improve indicator performance significantly on intraday charts. It is also a standalone FREE indicator for ninZaFamily → https://ninza.co/product/ninzaatr.
Dedicated NinjaScript Signals
- Signal_Supply:
- 0 = no signal
- 1 = touch
- 2 = return
- 3 = break
- Signal_Demand:
- 0 = no signal
- 1 = touch
- 2 = return
- 3 = break
Compatibility
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Key Features
- Draw active supply/demand zones
- Draw inactive supply/demand zones
- Plot the price near & far of supply/demand zones
- Allow defining lookback in bars or days
- Allow choosing between 6 modes for the near price: wick, body, full range, one third, mid, two third
- Allow extending the far price by taking into account the bar just before a zone's start bar
- Allow limiting the height of supply/demand zones
- Allow customizing styles for active supply & demand zones separately
- Allow customizing styles for inactive supply & demand zones separately
- Allow hiding inactive supply/demand zones
- Allow configuring the minimum distance between 2 zones (of the same type)
- Print price labels for active supply/demand zones
- Allow quick on/off indicator switch & alert switch via customizable & draggable toggles
- Print markers on supply/demand zone return & break
- Trigger alerts on supply/demand zone return & break
- Trigger alerts on zone proximity approach (in both modes: on bar close & on price change)
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Usability
Ready to use out of the box
Fully configurable & customizable with ease
30 Days ninZa Exchange
If you are not satisfied with an indicator you’ve bought, you may request us to replace it with another indicator of the comparable price for you.
Software Changelog
Aug 18, 2023
The method for drawing markers was relocated to OnRender().
Jan 14, 2022
Default calculate mode has been set to "OnBarClose".
Jan 01, 2022
Alerts & markers were added for supply/demand zone return & break; dedicated NinjaScript signals were added for supply/demand zone touch, return, break; supply/demand near & far prices were plotted; the option for minimum distance between zones was added.
Product Media
How to Install?
Step by step guide on how to install the indicators
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Because software products may be copied and stored easily, we will NOT issue refunds of any kind. ALL SALES ARE FINAL & NON-REFUNDABLE!
Futures, foreign currency, and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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