PowerZone Smart Supply & Demand Zones v2

The PowerZone Smart Supply & Demand v2 script is designed to help traders identify high-probability turning points based on price structure, momentum, and RSI confluence.

This tool plots supply and demand zones using dynamic pivot detection. It enhances those zones by overlaying momentum strength and RSI directionality, making it easier to confirm whether a zone is likely to hold or break.

Core Features:

Zone Plotting: Real-time detection of price-based supply and demand zones with fading logic to reduce clutter.

Momentum Filter: Momentum shifts are tracked to highlight strength/weakness inside each zone.

RSI Confluence: RSI is used as a directional filter. Zones are considered stronger when RSI aligns with zone type (e.g., RSI below 50 near supply).

Visual Heatmap: Optional heatmap colors show directional bias at a glance (white = bullish, red = bearish, black = neutral).

Custom Labels: Toggle zone names and confirmation signals for clean chart setups.

This script does not generate direct entry or exit signals. Instead, it provides structure and context for discretionary traders who use confluence to refine timing and direction. It’s especially effective in fast-moving intraday environments where clean zones and clear momentum matter most.

Recommended Usage:

Pair with Heikin Ashi or trend candles for cleaner signal visibility.

Use RSI and momentum alignment as confirmation before reacting to a zone.

Combine with your trade management or risk setup — this tool is for confirmation and visual planning.