This indicator overlays up to five higher-timeframe candlestick groups on the price chart. For each enabled timeframe it requests open, high, low, and close and can show up to five candles, offset by a spacing setting. The main inputs set the candle count, the
Indicator · Pine Script v5 · On the chart
Supply and Demand Zones V2
Draws supply and demand zones on the price chart from engulfing candle patterns.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code282
Settings20inputs
LicenceNone stated
Last update6 months ago15 Apr 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
An algorithm mode setting switches between looser and strict engulfing definitions, and a threshold separates big from small candles. Other settings set the maximum number of engulfing zones (automatic for futures and forex), maximum bars back, line width, and fill and border colours with transparency. It highlights areas only and does not generate entries, exits or stops.
- Zones from engulfing candle patterns
- Selectable algorithm mode including strict engulfing
- Automatic maximum zone count
- Custom fills, borders and transparency
Details
Published by
mikeyhu70 on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Auto Max # of Engulfing (Futures and Extended Hours Instrument)? | string | Auto | mode_auto_engulfing |
| Algo Mode? (III is Strict Engulfing) | string | I | mode_algo |
| Theshold of Mode II for Big vs Small Candle | float | 1.25 | mode_algo2_threshold |
| Max Bar Back | int | 500 | maxBarsBack |
| Max # of Engulfing | int | 15 | _maxNumberOfEngulfings |
| Line Width | int | 1 | linewidth |
| Bearish Fill | color | #a86161 | bearFillcolor |
| Bullish Fill | color | #004d40 | bullFillcolor |
| Fill Transparency | int | 65 | filltransp |
| Bearish Box | color | color.red | bearboxcolor |
| Bullish Box | color | color.green | bullboxcolor |
| Bearish Box | color | color.gray | neutralboxcolor |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Box Transparency | int | 100 | boxtransp |
| S/D Candle Number of bar back to search (Zone Display) | int | 2 | loopback |
| S/D Candle Number of bar back to search (Bar Paint) | int | 2 | loopback2 |
| S/D Candle ratio of Body vs Candle to consider | float | 0.40 | rbody |
| Demand Bar Candle | color | color.yellow | demandbarcandle |
| Supply Bar Candle | color | color.fuchsia | supplybarcandle |
| Algo Bull Bar Candle | color | color.olive | algobullbarcandle |
| Algo Bear Bar Candle | color | color.silver | algobearbarcandle |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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