Supply Demand Zone MT4
Automatic Supply and Demand zone indicator that generates zones by itself and indicates whether the zone has already been tested or not and has an alarm if you need it.
The indicator has many functions that you can customize yourself and the ways in which it is supposed to generate zones.
Supply and Demand is one of the core strategies used in trading.
It focusses on the ancient laws of supply and demand and how price moves in a free-flowing market.
The foundation of this strategy is that the amount of an instrument that is available and the desire of buyers for it, drive the price.
It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up or where supply overwhelms demand (the supply zone), driving the price down.
Most supply and demand traders wait for the price to enter these zones, where major activities of buying or selling have taken place, before entering a long or short position themselves.