Here are the differences between the Dynamic SR Zones Indicator and the FREE Realtime Supply and Demand Indicator:
Dynamic Support and Resistance
The calculations of the Dynamic Support and Resistance indicator are based on two major core components: Price and Volume. The indicator provides real-time support and resistance zones to detect possible market stops and reversal opportunities.
Support = is a price level which “supports” the market. Often the price has difficulties breaking through this key price level on the first test. The support levels of the Dynamic Support and Resistance indicator are based on price and volume of historically as well as real-time calculations to deliver the most possible insight of this key price level.
Resistance = is a price level which “prevents” the current market price from increasing above this level. In other words, the price has difficulties to break up through a key resistance level on the first test. The resistance levels of the Dynamic Support and Resistance indicator are based on price and volume of historically as well as real-time calculations to deliver the most possible insight of this key price level.
Realtime Supply and Demand (FREE INDICATOR)
Detects imbalances of Supply and Demand in real time and plots zones on the chart to visualize them. The indicator is built on the core concept of any market in the world; Supply and Demand moves the price.
Supply imbalance = more sellers than buyers = price will fall
Demand imbalance = more buyers than seller = price will rise