Supply Demand 2.0

Metatrader (MT4/MT5) Indicator

  • Overview

    The Supply/Demand indicator analyzes past price action to anticipate buying and selling pressure in the market: it does so by looking back into the past and analyzing price peaks and valleys around the current price. It is a state-of-the-art confirmation indicator.

    • Predict buying and selling pressure in the market
    • Avoid getting caught in buying selling frenzies
    • No settings and no optimization needed
    • The indicator works in all timeframes
    • Extremely easy to use

    Potential supply and demand prices are those at which lots of market participants are likely to be holding their losing positions, hoping to liquidate them at break-even. Thus there is massive activity at these price levels.

    • Both supply and demand are quantified as numbers
    • If supply is above demand, you can expect selling pressure
    • If supply is below demand, you can expect buying pressure
    • Look for shorts when supply is above demand
    • Look for longs when supply is below demand

    Enhance your trading activity with the best and most complete supply and demand indicator, just like our customers have already done.

    A brief introduction

    Potential supply and demand prices are those at which lots of market participants are likely to be holding their losing positions, hoping to liquidate them in the future. Unwary longs are caught at price peaks and shorts are caught at price valleys.

    The indicator analyzes past price action and displays how many peaks and valleys can be found around the current price, thus accurately predicting buying and selling pressure.

    Placing your trades

    The PZ Supply/Demand truly needs little explanation because it has been designed to be simple, all you have to do is following these simple rules.

    You should look for longs if...

    • Demand is above supply
    • The current price is close to the demand line

    You should look for shorts if...

    • Supply is above demand
    • The current price is close to the supply line

    Although the indicator works for all timeframes, it is recommended to confirm every trade with at least one higher timeframe. For example, if you are going to buy on the H4 timeframe, you ought to check demand is above supply at least on D1, W1 or MN1 charts.

    Some trading examples

    Some examples about how to use this indicator can be found below. Note that, for better results, more than one timeframe should be used.

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  • ? FAQ
    Does the indicator repaint?
    Yes, it does repaint! It has to scan past price action every time the price moves one average true range unit.
    Should I take trades solely based on supply and demand?
    No, you should not. It should be used as a confirming indicator.
    What are the strong lines?
    The strong lines are the average supply and demand lines. The current price should be close to the demand line to take long trades, and close to the supply line to take short trades. You can apply this rule using a higher timeframe: for example, you can buy in the H4 chart if the price is close to the demand line in the daily or weekly chart.
  • </> Developers

    In order to build your expert advisor, you can read data from the indicator using the iCustom() function as exemplified below. The indicator has one extra buffer which only purpose is to store trading signals as constants: this is the only buffer you need to read from. Copy and paste the code below into your EA, and replace the indicator name of the iCustom() call with your own.

    //---- Read value from supply and demand buffers
    int start()
    {
    // Read values
    double demand = iCustom(Symbol(), Period(), "PZ_SupplyDemand_LICENSENUM", 0, 1);
    double supply = iCustom(Symbol(), Period(), "PZ_SupplyDemand_LICENSENUM", 1, 1);
    // Do something
    if(demand > supply)  { /* Your code if demand is above supply */ }
    if(demand < supply)  { /* Your code if supply is above demand */ }
    if(demand == supply) { /* Your code is supply and demand are equal */ }
    // Exit
    return(0);
    }

Screenshots

Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader
Supply Demand Indicator for Metatrader

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