Supply Demand 2.0

Metatrader (MT4/MT5) Indicator

"By failing to prepare, you are preparing to fail."
- Benjamin Franklin
The PZ Supply/Demand indicator analyzes past price action to anticipate buying and selling pressure in the market, and is a state-of-the-art confirming 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.
  • 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.

Video

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.

Developers

In order to build your expert advisor, you can read data from the indicator using the iCustom() function as exemplified below. Read more information about the iCustom() function here.

//---- 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);
}
Frequently Asked Questions
Does the indicator repaint?
Should I take trades solely based on supply and demand?
What are the strong lines?