The Supply and Demand indicator for MT4 draws area’s of supply (support) and demand (resistance) on the currency charts.
It’s a great indicator to prepare for your next trade.
Works on all time frame’s for all currency pairs.
Trading Signals
BUY: In uptrends. Wait for the currency pair to reach the supply zone. Then use other indicators to determine entry points in the uptrend.
SELL: In downtrends. Wait for the currency pair to reach the demand zone. Then use other indicators to determine entry points in the downtrend.
Use in conjunction with other tools to determine entry signals.
Download
Download the Supply And Demand.mq4 indicator.
USD/JPY Monthly Chart Example
How to install the Supply & Demand custom indicator in Metatrader 4?
- Download the Supply And Demand.mq4 indicator to your computer.
- Open your Metatrader 4 platform.
- Open the data folder from the top menu.
- Open the MQL4 folder.
- Open the indicators folder.
- Paste the indicator file in this folder.
- Restart the trading platform.
- Open any trading chart.
- Attach the indicator to the chart.