ZZ Range

Happy Trade, this is a nearby real-time range detecting indicator. In most cases, it needs only two bars to confirm ranging price action. Based on a variation of the Bilson-Gann-Algorithm, it calculates local supply and demand levels. You can choose from three different rules to determine when new supply and demand levels should be calculated. These three rules differ in how frequently new supply and demand levels are set.
Furthermore, you can decide whether wicks or bar bodies should be used.
There are three alert signals available:

• The Trend Signal, where 1 = Uptrend, 0 = Ranging, and -1 = Downtrend.
  
• The Supply level.
  
• The Demand level.
  

Cheers