Accurate Supply Demand Arrow Signal MT4
- Donovan Kenneth Mackenzie
- Version: 1.0
- Aktivierungen: 10
Most technical indicators work well during trending conditions. However, periodically the market will suddenly shift and go sideways until the trend either resumes or starts to reverse in the opposite direction. This is where the Accurate Supply Demand indicator comes into its own. It is designed to avoid as many false signals as possible, especially during choppy markets. This assists the trader to navigate through these unfavourable conditions by delivering a minimal number of signals. This can help curb the temptation to keep adding to a trade which leads to over leveraging and ultimately that dreaded margin call. Furthermore, this indicator can be used by traders of all levels of experience. It can serve as an entry point trigger on an existing setup, or it can be used by itself offering both trade entries and trade exits through on-chart arrows with matching signals. Please note that the use of proper risk management, market entry timing and an acceptable amount of trading psychology is highly recommended.
2) Timeframes and Symbols
Accurate Supply Demand indicator an be used on any timeframe (by itself) or as part of an existing setup. However, it is mainly used as a standalone indicator to help traders jump onto higher timeframe trends by buying the dips and selling the rallies. Simply gauge the overall trend on the D1 chart then take a second touch pullback entry after a lower timeframe signal on M5, M15 or M30 in line with this direction (see screenshots below). Concerning which symbols to use, Supply Demand Arrow Signal indicator can be used with all financial instruments including Crypto, Stocks, Metals and Forex.
3) Recommended Setups
6. If the trade goes against your position, you have the option to hedge. Set 2 buy limit orders on the hedging line just below the main support and resistance line. Once triggered you can offset your initial position by closing one of the buy limits when they cancel each other out and proceed to let the remaining buy limit run for more profit (see screen shot below) .
6. If the trade goes against your position, you have the option to hedge. Set 2 sell limit orders on the hedging line just above the main support and resistance line. Once triggered you can offset your initial position by closing one of the sell limits when they cancel each other out and proceed to let the remaining sell limit run for more profit (see screen shot below) .
3) Final Note
As an alternative trade setup Accurate Supply Demand is also fitted with a toucher alert. This means that the trader has the option to wait for a tighter entry when price hits supply or demand instead of simply pulling the trigger on the initial signal. Finally, please remember that consistency is everything in trading so follow the process over and over again for satisfactory results. All the best!