Supply, Demand and Equilibrium Zones

An experimental study that combines supply/demand analysis and volume profile techniques to highlight imbalances, balance zones, and institutional activity. By measuring traded volume across all price levels within a user-defined range, it identifies supply, demand, and equilibrium zones directly on the chart.

The study is interactive: traders can select and adjust ranges with simple clicks and drags, making it easy to detect shifts, liquidity pockets, and key balance points as market conditions change. It also features Value Area (VA), Point of Control (POC), and bull/bear dominance, alongside volume-weighted bar coloring to reveal participation and pressure shifts.

Best used together with Volume Profile tools (embeded), this script provides valuable context on where buyers and sellers are most active, helping traders spot institutional footprints, balance areas, and potential reversals.