Advanced Supply Demand MT5
⭐⭐⭐⭐⭐ Best Solution for any Newbie or Expert Trader!
This indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With this update, you will be able to show double timeframe zones. You will not only be able to show a higher timeframe but to show both, the chart TF, PLUS the higher TF: SHOWING NESTED ZONES. All Supply Demand traders will love it. :)
Important Information Revealed
Maximize the potential of Advanced Supply Demand, please visit https://www.mql5.com/en/blogs/post/720245
Advanced Supply Demand Indicator works on all products and timeframes. It is a new formula, and the very new features are two zone strength functions adjustable by user input! This is a great advantage in trading. When you learn how to use the proprietary features such as the zone strength with min X-factor of price travel away, you will be able to tell whether the zone is strong or not.
The supply and demand zones are used as an alert trigger. You have the choice of 3 alerts. If the price 1) enters the zone and/or 2) breaks the zone and/or 3) a reversal candle has formed from a zone. You can use popup alert with sound on MetaTrader 4 and/or push and/or email. When you will receive the alert you will know as a trader what to do.
Supply Demand settings
- Min candles before a zone is printed (used for live chart).
- Min X-factor of price travel away (ATR) (The higher the number the stronger the zones).
OPTIMIZE HERE FOR YOUR SYMBOL AND TIME FRAME!).
- Min Y-factor of price travel away (zone size) (2nd Input: The higher the number the stronger the zones).
OPTIMIZE HERE FOR YOUR SYMBOL AND TIME FRAME!).
- Limited size of a big zone. Max factor (ATR) (Oversized big zones will be reduced. The higher the number the larger zones are allowed).
MTF settings (Multi Time Frame)
- Add higher TF (true if used).
- Higher TF period (or one more if chart TF) (if MTF is the same or lower than chart TF, the higher one will be used).
- Show inner price labels MTF.
- Show outer price labels MTF.
- Limited size of a big zone. Max factor (ATR) MTF (Oversized big zones will be reduced. The higher the number the larger zones are allowed).
- Show inner price labels.
- Show outer price labels.
- Show old zones (needed for Sup/Dem counter, see below).
- Use line for old zones (show only S/R).
- Show yesterdays high/low.
- Show todays pivot.
- Show number of broken Sup/Dem in a row (counter).
- Show above in corner (show broken Sup/Dem counter in corner).
- Alert zone hit.
- Alert zone break.
- Alert reverse candle from zone.
- Popup Alerts (MT4 popup and sound).
- Send email alerts.
- Send push alerts.
- You know how to use it. Each zone has its own color.
To see the full list click here.
- Use PIN (to use for an EA, writing supply and demand prices).
- Show Bars back (number of bars back to read the levels).
- Show max number of supply zones.
- Show max number of demand zones.
- Size price labels.
- Size price labels MTF.
- Rectangle style full MTF.
- Rectangle width (1-5) MTF.
- Font size (font size of message).
- User Manual: Click Here.
- Use my template (See comments).
- Optimize Zone Strength for your symbol and timeframe.
- Stay within the trend. The indicator is mostly used with one of my other specialized indicators of currency strength.
- Check my news and blogs on profile for trading system and trade examples.
I will always help you if you have any questions.
I wish you many green pips in the future.
Thanks, I wish you many green pips in the future.
Best regards, Bernhard
The new update brings many new features:
1) MODIFICATION FOR ZONE SIZE (optional)
Some traders of supply and demand zones asked for a new function. It was added optionally: Including a wick for the width of the supply and demand zones.
+ Include wick 1 for the zone size
By default, the function is not used. To use the function, you must set the new input = true (the selection is also copied to the higher time frame).
Since the zones will be wider, some zones could be filtered. You may want to use lower XY factors.
2) Some traders of supply and demand zones requested a new function. It was added optionally: Draw supply and demand zones only at major highs and lows.
+ use only major highs and lows
By default, the function is not used. To use the function, you must set the new input = true. (The choice will be copied to the higher timeframe as well.
To show all zones at highs and lows you might want to set all XY-factors = 1.0, but it can be combined.)
3) Added optional: Supply and Demand zones with ENGULFING BARS pattern at the beginning of the zone.
Use reversal candle color for bar 1 or bar 2 (the one before). Use either ones or both.
Use true engulfing pattern for above mentioned bars. (Must choose above.)
By default the use is false. To use the function you must set the new inputs = true.
==== Candle pattern
+ use reversal candle color bar 1
+ use reversal candle color bar 2 (both or either)
+ use true engulfing pattern (choose above)
It will show in the right corner of the rectangles. The size of the higher timeframe is shifted a few bars to the left.
=== Chart settings
+ show zone size (point)
+ show zone size MTF (point)
+ color price labels
=== other settings
+ font size zone
+ Label font 1
1) A new alert for a fake (or false) breakout has been added with several variables:
==== FBO Alert settings
+ Alert Fake Breakout (FBO)
+ FBO min bar Size Point
+ FBO bar closes back % (20-90)
+ FBO pattern bar count (1-3)
2) For old zones a new candle limit was added. If there is a strong trend, zones with only 2000 bars lookback may not be within range. Therefore, this limit has been increased to 5000. But so far we don't have to draw old zones. Therefore, a new limit has been added for old zones with 1000 bars.
+ Show Bars back for old zones
3) Now you can edit the size for arrow as requested by trader.
+ reverse candle arrow size (1 to 5)
4) Added room in points for HIT-alert. Now the trader can receive an earlier alert when price is NEAR a zone. Then he can take action or watch. This input should be applied according to the symbol and timeframe. The trader can make it bigger to suit his needs. The default value is 5 points. (10 point = 1 pip.)
+ room in points for HIT-alert
To make sure the higher timeframe filters out weak S/D zones the same way as the lower timeframe (chart) does.
Also you can setup different values for each timeframe.
Default values are now set to:
+ min X-factor of price travel away (ATR) = 1.4
+ min Y-factor of price travel away (zone size) = 2
Added an optional filter to alert only nested zones. (The lower timeframe zone must be within a higher timeframe zone.)
It applies to all 3 actual alerts (hit - reverse - break).
If turned off the alerts will still tell if the alerted zone was nested or not.
+ alert only NESTED zones! (within MTF)
Added an optional pause in seconds for less CPU use. (Set to 0 to turn it off) At least on each new candle new zones will be checked.
+ pause runs in seconds to next update (for less CPU use) (0=not)
If you want the higher timeframe to show like before set XY-filter MTF = 1.0
New input parameters:
==== MTF settings
+ min HTF!-candles before a zone is printed
+ min X-factor of price travel away (ATR) MTF
+ min Y-factor of price travel away (zone size) MTF
Added pre-name for objects. In case you want to use the indicator twice on a chart, enter here a letter for the 2nd.
New input parameters:
==== other settings
+ prename for additional objects
+ added "usePIN" for developments (Global variables)
Gives access to all 5 supply and demand zones (outer price, inner price, is used or not, timeframe, symbol).