Upgraded version 3.4
Supply and Demand Indicator , it determines levels of supply and demand by using algorithm such as order blocks , engulfing candle patterns , etc. Signals are visually indicated when the levels are drawn on the chart
Trendline touch and Candle Strick Patterns can also play a role to add as confluence when making trading decisions including `reversal patterns` etc
Compatibility : All tradable Instruments ; Currency Pairs, Synthetic indices ,Metals, Crypto, NASDAQ etc
Suitable for ` Scalping ` and ` Swing ` trading, It can also be used as additional Confluence to enter a trade when Price is at a significant level of support and resistance or Trendline touch
The indicator will also generate alert signals when the price enters a level of supply and demand
Features
- Computer alerts: True
- Mobile Alerts : True
- Sound Alerts : true
- Versions : MT5
- Settings available: True
Preparation for Buying
- Wait for the price to reach the Demand Level
- Look for entry confirmation by observing Candlesticks patters such as : bull Engulfing , bull Cross, Bullish piecing Etc.
- Place your `buy` Entries after confirmation
- Stop loss just a few pips below the zone/level
- A good exit strategy would be when opposing signals start to appear, you can lock profits when price goes a significant distance from entry level
Preparation for Selling
- Wait for the price to reach the Supply Level
- look for entry confirmation by observing Candlesticks patters such as : Bearish Engulfing , bear Cross, Shooting Star Etc.
- Place your `sell` Entries after confirmation
- Stop loss just a few pips above the zone/level
- A good exit strategy would be when opposing signals start to appear, you can lock profits when price goes a significant distance from entry level
