Advanced Supply Demand Forex MT4 Indicator
The Advanced Supply Demand indicator draws the most profitable supply and demand zones on the MT4 chart.
It gives you an idea where to look for significant zones of support and resistance.
The indicator is MTF. For example, you can add supply and demand zones found on the H1 to the M5 chart.
As soon as price reaches the supply and demand zones, the indicator will send out an alert.
It’s important to combine this indicator with a trading strategy or with price action in order to find the best entry point.
It can be used to trade trend reversals, trend breakouts and range-bound markets.
The Advanced Supply Demand indicator works for any currency pair and time frame.
- Creates supply and demand zones on the MT4 chart.
- No-repaint Forex indicator.
- Simple to use, even for absolute beginners.
- Combine with a system, strategy or with price action.
Feel free to experiment with the different indicator’s inputs settings to suit your needs and preferences.
The GBP/USD 4-hour chart below displays the Advanced Supply Demand MT4 indicator in action.
Basic Trading Signals
Signals from the Advanced Supply Demand Forex indicator are easy to interpret and goes as follows:
Buy Signal: Look for a buy trade when the market is in an uptrend and price pulls back into the supply zone.
Place a stop loss below the supply zone or use your own preferred stop loss strategy.
Take profit when price reaches the demand zone (resistance), or use your own preferred exit strategy
Sell Signal: Look for a sell trade when the market is in a downtrend and price rallies back into the demand zone.
Place a stop loss above the demand zone or use your own preferred stop loss strategy.
Take profit when price reaches the supply zone (support), or use your own preferred exit strategy
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (minimum candles, time frame, show today pivot, draw rectangles, show yesterday high low) Width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly, Monthly
Type: support & resistance
Copy and paste the advanced-supply-demand-indikator.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)