This indicator is a unique, high-quality and affordable trading tool that includes our own developments and a brand new formula. the updated version, it’s now possible to display zones of 2 timeframes. This means that you’ll have access to zones not only on the greater TF, but out of two timeframes at once – the chart timeframe and the higher one: display of nested zones. The upgrade is guaranteed to appeal to those traders that trade in supply and demand zones.
please see https://www.mql5.com/en/blogs/post/720245
envision how your trading will improve because you are able to pinpoint the exact trigger point of entry or target? Built on new underlying algorithms it makes it even easier to identify potential imbalances between buyers and sellers. This is because it graphically shows the strongest supply and demand zones and how it performed in the past (showing old zones). These features were designed to help make it easier for you to find the best entry zones and levels.
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Advanced Supply Demand Indicator works on all products and timeframes. It is a new formula, and the very new features are two zone strength functions adjustable by user input! This is a great advantage in trading. When you learn how to use the proprietary features such as the zone strength with min X-factor of price travel away, you will be able to tell whether the zone is strong or not.
The supply and demand zones are used as an alert trigger. You have the choice of 3 alerts. If the price 1) enters the zone and/or 2) breaks the zone and/or 3) a reversal candle has formed from a zone. You can use popup alert with sound on MetaTrader 4 and/or push and/or email. When you will receive the alert you will know as a trader what to do.
Supply Demand settings
- Min candles before a zone is printed (used for live chart).
- Min X-factor of price travel away (ATR) (The higher the number the stronger the zones).
OPTIMIZE HERE FOR YOUR SYMBOL AND TIME FRAME!). - Min Y-factor of price travel away (zone size) (2nd Input: The higher the number the stronger the zones).
OPTIMIZE HERE FOR YOUR SYMBOL AND TIME FRAME!). - Limited size of a big zone. Max factor (ATR) (Oversized big zones will be reduced. The higher the number the larger zones are allowed).
MTF settings (Multi Time Frame)
- Add higher TF (true if used).
- Higher TF period (or one more if chart TF) (if MTF is the same or lower than chart TF, the higher one will be used).
- Show inner price labels MTF.
- Show outer price labels MTF.
- Limited size of a big zone. Max factor (ATR) MTF (Oversized big zones will be reduced. The higher the number the larger zones are allowed).
Chart settings
- Show inner price labels.
- Show outer price labels.
- Show old zones (needed for Sup/Dem counter, see below).
- Use line for old zones (show only S/R).
- Show yesterdays high/low.
- Show todays pivot.
- Show number of broken Sup/Dem in a row (counter).
- Show above in corner (show broken Sup/Dem counter in corner).
Alert settings
- Alert zone hit.
- Alert zone break.
- Alert reverse candle from zone.
- Popup Alerts (MT4 popup and sound).
- Send email alerts.
- Send push alerts.
Color settings
- You know how to use it. Each zone has its own color.
To see the full list click here.
Other settings
- Use PIN (to use for an EA, writing supply and demand prices).
- Show Bars back (number of bars back to read the levels).
- Show max number of supply zones.
- Show max number of demand zones.
- Size price labels.
- Size price labels MTF.
- Rectangle style full MTF.
- Rectangle width (1-5) MTF.
- Font size (font size of message).
Tips
I will always help you if you have any questions.
I wish you many green pips in the future.
Thanks, I wish you many green pips in the future.
Best regards, Bernhard
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