Jul 1, 2024
Supply and Demand Zones with RSI, MACD Signals and TP Signals
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Uptrick: Supply and Demand Zones with RSI, MACD, and Take Profit Signals
The Uptrick indicator is a versatile TradingView tool designed to give traders a clearer understanding of market dynamics. By combining supply and demand zones with RSI, MACD, and take-profit (TP) signals, it delivers actionable insights for smarter trading decisions.
Key Features
1. Supply and Demand Zones
These zones identify critical price levels where strong buying or selling pressure has historically occurred.
Inputs:
supplySwingLength: Determines the number of bars to consider for swing highs.
demandSwingLength: Sets the number of bars for swing lows.
zoneExtensionBars: Specifies how far to extend the zones to the right of the chart.
2. RSI and MACD Signals
A dual indicator setup to spot overbought/oversold conditions and trend momentum.
Inputs:
RSI Length: Defines the period for RSI calculation.
MACD Fast/Slow Length: Sets the EMA periods for analyzing trend direction and momentum.
Signal Line Smoothing: Adjusts the EMA of the MACD signal line for smoother trends.
3. Take Profit (TP) Signals
These signals help traders manage risk and secure profits based on market volatility.
Inputs:
TheLength: Sets the period for SMA and standard deviation calculation.
TP Multiplier: Multiplies the standard deviation to define TP levels.
4. Signal Type Selection
Allows traders to choose whether buy/sell signals are based on RSI conditions or supply and demand zones.
Core Functions
Supply and Demand Zones
The indicator detects and extends supply zones (resistance) and demand zones (support), marking potential reversal points. These zones dynamically update in real-time to adapt to market movements.
RSI and MACD Trend Signals
RSI: Generates buy/sell signals when crossing above or below the 50 level.
MACD: Identifies buy/sell opportunities based on MACD and signal line crossovers.
Take Profit Signals
TP levels are calculated using SMA and standard deviation, with signals triggered when price crosses these levels.
Why Use This Indicator?
Comprehensive Tool
The combination of supply/demand zones, RSI, MACD, and TP signals offers a complete market analysis in one package.
Customizable Settings
Traders can fine-tune the parameters to align with their personal trading strategies.
Enhanced Visualization
Color-coded signals and dynamically updating zones make it easy to interpret data at a glance.
How to Use It
Add the Indicator: Apply the Uptrick indicator to your TradingView chart.
Customize Settings: Adjust the inputs to match your trading style and preferences.
Analyze Signals:
Use supply/demand zones to spot potential reversal areas.
Confirm buy/sell entries with RSI and MACD trends.
Use TP signals to plan exits and secure profits.
Who Is It For?
This indicator is ideal for traders seeking a multi-functional tool to simplify decision-making. Whether you're focused on trend-following, reversal trading, or risk management, Uptrick offers everything you need in a single, user-friendly solution.
Make smarter, more confident trading decisions with Uptrick: Supply and Demand Zones with RSI, MACD, and Take Profit Signals.