Basic Supply Demand MT5
- Indicators
- Mehran Sepah Mansoor
- Version: 1.14
- Updated: 11 November 2024
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 / Free MT4 version
Dashboard Scanner for this indicator: (Basic Supply Demand Dashboard)
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
I like the indicator for its simplicity and ease of use. It is clear and does not clutter the chart much. My only wish is if possible to keep the product logo a bit small because sometimes it blocks some information in the chart. Overall the indicator is amazing in fact, I already made some profit using this indicator. Two thumbs up!