Institutional Supply/Demand (Unmitigated)

Title: Institutional Supply/Demand (Unmitigated)

What it does: This indicator automatically detects and highlights Fresh Institutional Supply and Demand Zones based on market structure (Swing Highs and Swing Lows). It is designed to keep your chart clean by only showing levels that have not yet been tested.

Key Features:

Auto-Detection:

Red Boxes (Supply): Appear at major Swing Highs. These represent potential Sell Limit orders from institutions.

Green Boxes (Demand): Appear at major Swing Lows. These represent potential Buy Limit orders.

Mitigation Logic (The "Clean-Up"):

The script actively monitors price action.

If price touches a box, the box is instantly deleted.

This ensures you are never looking at "old" or "used" levels. If a box is visible on your chart, it means price has never returned to that level since it was created.

Customizable Structure:

Structure Lookback: Adjusts how sensitive the detection is.

Setting 5 (Default): Finds major, significant structure points.

Setting 3: Finds smaller, internal structure points (more zones).

How to Trade:

Wait for Price to Return: Watch for price to approach a visible Red or Green box.

Reaction: Since these are "Fresh" levels, look for a rejection (wick) or a reversal pattern as soon as price taps the zone.

No Clutter: You don't need to manually delete old lines; the script does it for you.