Supply/Demand - Market Levels

Learn how to use market levels.

Supply/Demand LongTerm (Expo)

Market levels

The indicator has a feature that is called Market Levels that basically plots a level after confirmed moves. The intended inbuilt delay is a key feature since it allows to only display confirmed significant moves.

You find the feature in the setting panel

Indicator: https://www.tradingview.com/script/S0rhbvgT-Supply-Demand-Zones-LongTerm-Expo/

The usage of these levels

Insights about significant price moves

It gives us traders insight into whether a particular market move is significant! For me as a professional trader, this insight is invaluable. I do only pay attention to price moves that actually change the current market structure and the underlying sentiment. It gives clues about future price action. So yes, delayed indicators can be of great use!

However, this indicator is not particularly an entry/exit indicator, this indicator is used to analyze the market price action/structure. This indicator is a good complement when planning for future trades. Or do you even have a trading plan? If not, start to plan your trades! Make scenarios of what may happen based on your market analysis. When price comes to the levels/zones you have planned to pay extra attention to you can simply execute your trading plan without impulsive decision.

Re-test of the levels

These levels tend to be re-tested, as follows: market makes a significant impulse, the price comes back, and re-test the price level where the price took off. So we can use these levels to find potential entries when the price comes back and re-test the levels in the near future.

All levels will not be re-tested, and you can't just enter when the price hits the level, you still need to find confirmation using other methods.