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Supply and Demand Indicator
Fresh advanced indicator for creating an Expert Advisor (EA) for automatic multi-timeframe trading in MetaTrader 5.
Supply and demand Indicator for MT5 are one of the most basic things a beginner forex trader learns. These zones are so important that the price reacts to them even after many years since they appeared. And with this indicator, a forex trader might not have to worry about drawing all these historical zones one by one.
The indicator accurately draws the supply and demand zones of a currency pair on the chart.
The other zone is grayed out and indicates zones that are not yet affected. And somewhere in the settings, a trader can set up the indicator so that it displays the Fibonacci retracement between the zones.
How to Use the Supply and Demand Indicator
The supply and demand indicator is quite easy to use. Since these zones are basically support and resistance zones, you can use this indicator in much the same way.
Save time withd software.
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