Demand Zones Indicator

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I Supply Demand Zones Indicator

It’s fresh indicator can be used for automated trading with an Expert Advisor in your MetaTrader 4.

Identifying supply and demand areas is a trait of every successful forex trader. The proper identification of these places increases the profitability of the trader. I Supply Demand Zones Indicator draws these zones in the best way on an mt4 chart.

Supply and Demand Zones
Supdem zones are similar to support and resistance lines. However, there is a difference between the support and resistance lines and zones. These zones offer a wider area of demand and supply and provide stronger support and resistance.

Also, forex traders may not BUY or SELL from a single identified support or resistance line. But a majority of traders join within a zones depending upon their trading strategy.

How to trade forex using the I Supply Demand Zones Indicator?

The indicator automatically identifies the best zones and draws them on the mt4 chart. The indicator eliminates the guesswork and helps the trader to spot them immediately.
Traders BUY anticipating prices to move higher from a demand area. On the other hand, SELL on a supply area looking for prices to turn bearish.

Most traders place their stop loss below the dem-zone and above the sup-zone. Swing traders tend to hold positions till price reaches the opposite zone, while others trade according to a reasonable risk and reward ratio.