Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v6 · Own pane
TRADING BITE Supply Demand Marker
This indicator plots volume as columns in a separate pane and marks unusually quiet bars.
GitHub stars7on the repository
Pine versionv6current
Lines of code61
Settings8inputs
LicenceNone stated
Last update3 months ago24 Jul 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
TRADING BITE Supply Demand Marker labels a bullish bar S when its volume is lower than both of the previous two bars, and a bearish bar D under the same volume condition. Users choose the analysis timeframe, bullish and bearish colors, an optional neutral volume color, and the marker text size and color. When enabled, matching price candles are recolored. It does not define entries, exits, or risk rules.
- Volume columns colored by signal
- S and D markers on low-volume bars
- Optional candle recoloring from volume
- Selectable volume analysis timeframe
- Custom marker size and colors
Details
Published by
eddiebelaval on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Volume
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 |
|---|---|---|---|
| Volume Analysis Timeframe (leave blank for chart TF) | timeframe | | tf |
| Bullish Signal Color | color | color.green | bullColor |
| Bearish Signal Color | color | color.red | bearColor |
| Neutral Volume Bar Color Override (Optional) | color | color.gray | neutralOverrideColor |
| Override Neutral Volume Bar Color? | bool | false | useNeutralOverride |
| Text Size | string | small | textSizeInput |
| Text Color | color | color.white | textColor |
| Enable Candle Color Change Based on Volume | bool | true | enableCandleColor |
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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