Basic Supply Demand MT5
$0
Type: Indicators
Seller: Mehran Sepah Mansoor
Published: 16 December 2023
Updated: 11 November 2024
Version: 1.14
Downloads: 0
Basic supply demand indicator is a powerful tool designed to enhance your market analysis and help you identify key areas of opportunity on any chart. With an intuitive and easy-to-use interface, this free Metatrader indicator gives you a clear view of supply and demand zones, allowing you to make more informed and accurate trading decisions /
Dashboard Scanner for this indicator: ()
Features
- The indicator automatically scans the chart for supply and demand zones, eliminating the need for tedious manual analysis
- Graphical display of remaining distance to the nearest supply and demand zones
- Supply zones are highlighted in one distinctive color, while demand zones are shown in another, facilitating quick and accurate interpretation
- The indicator automatically calculates the distance in pips between the nearest supply or demand zones and the current price on the chart, giving you a clear and quantifiable reference. The distances in pips are displayed clearly and legibly on the chart, allowing you to quickly identify the areas that have a greater or lesser distance from the current price
- Alerts on approaching or breaking supply and demand zones
- Works in any timeframe
- Choose between a dark or light theme for a customized graph display
How to use it
It is recommended to use the M1 and M5 timeframes. Watch the video below to understand how it works.
