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StdDev Supply/Demand Zone Refiner

1 017
This indicator uses standard deviation bands to identify statistically significant price extremes, then validates these levels through volume analysis and market structure. It employs a proprietary "Zone Refinement" technique that dynamically adjusts zones based on price interaction and volume concentration, creating increasingly precise support/resistance areas.
Key Features:

Statistical Extremes Detection: Identifies when price reaches 2+ standard deviations from mean

Volume-Weighted Zone Creation: Only creates zones at extremes with abnormal volume

Dynamic Zone Refinement: Automatically tightens zones based on touch points and volume nodes

Point of Control (POC) Identification: Finds the exact price with maximum volume within each zone

Volume Profile Visualization: Shows horizontal volume distribution to identify key liquidity levels

Multi-Factor Validation: Combines volume imbalance, zone strength, and touch count metrics



Unlike traditional support/resistance indicators that use arbitrary levels, this system:

Self-adjusts based on market volatility (standard deviation)

Refines zones through machine-learning-like feedback from price touches

Weights by volume to show where real money was positioned

Tracks zone decay - older, untested zones automatically fade

Nota Keluaran
Fixed the overlapping of the yellow bars and increased the text sizes.
Nota Keluaran
updating images.
Nota Keluaran
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Nota Keluaran
Updated in Replay mode, where it kept overlapping zones and volume profile bars.

I added universal capability so that any market should work. Originally, this was supposed to be for Futures.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.