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Koala Supply Demand

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Introducing Koala Supply Demand Indicator for MetaTrader 4 :

Welcome to  Koala Supply Demand Indicator. This indicators designed to identify unbroken supply and demand zones in different time frames, this indicator can help trader to view market as zone areas, you can see how price respect some power full zones, this indicator also can show you price action signals when they formed inside zones.

Join Koala Trading Solution Channel in mql5 community to find out the latest news about all koala products, join link is below :

https://www.mql5.com/en/channels/koalatradingsolution

https://www.mql5.com/en/blogs/post/755700

!IMPORTANT : this product includes a free Expert Advisor (EA). After purchasing, please contact me on MQL5 Messenger to receive the complimentary EA connected to the indicator.

! IMPORTANT : From version 1.2, this indicator is multi time frame Supply Demand indicator, and user can move cross different time frames by click on buttons

Key Features:

  1. On Chart Back Test Ability: Experience the future of analysis with the unique On Chart Back Test feature. Simply click anywhere on the chart, and instantly witness the unexpired supply and demand zones at that specific moment. This capability empowers users with real-time insights for more informed decision-making.

  2. Price Action Pattern Recognition: Customize your trading strategy by selecting from various price action patterns. The indicator supports popular patterns like engulfing patterns. When chosen, the indicator will display clear buy and sell arrows for each occurrence of the selected pattern within unbroken supply or demand zones.

  3. Alerts for Fresh Signals: Stay ahead of the market with timely alerts. Receive notifications for fresh price action signals occurring inside the identified supply and demand zones. This ensures that you never miss a potential trading opportunity, keeping you connected to the market even when you're away.

How developers can connect this indicator to EA ?

Certainly! Developers can easily connect the Koala Supply Demand Indicator to an EA by utilizing the indicator buffers. Here's a guide on how to access the buy and sell signals from the indicator:

Step 1: Indicator Buffers Explanation:

  • Buffer 1: This buffer corresponds to buy signals generated by the Koala Supply Demand Indicator.
  • Buffer 2: This buffer corresponds to sell signals generated by the Koala Supply Demand Indicator.

Step 2: iCustom Example for EA Integration:

To access the indicator's signals in an EA, you can use the iCustom function in MQL4. Below is an example:

buySignal = iCustom(NULL, timeframe, symbol, 1, shift);

sellSignal = iCustom(NULL, timeframe, symbol, 2, shift);

Conclusion :

Based on my experience , one of the most trustable zones and price areas in forex market is supply and demand zones, in some cases market respect to these zones, and price action patterns is much trustable when they formed inside zones.

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Version 1.3 2024.01.13

Upgrade Alert: Koala Supply Demand 1.3 - Faster, Smoother Performance!

Experience enhanced speed and performance in Koala Supply Demand Indicator 1.3. We've fixed minor issues, eliminated lag, and ensured lightning-fast zone drawing for a seamless trading experience.
Version 1.2 2024.01.10
Meet Koala Supply Demand 1.2 – Your Trading Sidekick just got even better! 🚀

Now, you can easily see supply and demand zones across different time frames. Adjusting is a breeze with nifty buttons on the right side. Plus, we've added a cool feature – toggle backtesting on and off right on the chart!

Upgrade to Koala 1.2 for smoother, smarter trading. Take control, spot opportunities, and trade confidently! 🌐✨
Version 1.1 2023.12.24
Koala Supply Demand has been upgraded to second version, minor technical issue fixed.