The Supply and Demand Zones Forex indicator for Metatrader 4 highlights important zones of support & resistance on the chart.
Supply & demand zones can be used for both trade entry and exit.
The Buy and Sell zones are highlighted for you.
We have done lots of testing on support/resistance levels and they are an excellent way to enter markets.
A wonderful indicator.
Buy signal: Look for buy signals at the demand zone (Maroon color).
Sell signal: Look to sell signals at the supply zone (DarkBlue color).
Currency pairs: any
Preferred Time frames: any
Trading Ideas (click the picture to enlarge)
Configurable Indicator Options
Colors for supply and demand zone
How to install the Supply and Demand Zones custom indicator in Metatrader 4?
- Download the SupplyDem.ex4 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.