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No Demand No Supply MT5

80 USD

Demo downloaded: 130

Published: 7 September 2020

Current version: 1.6

No Demand No Supply MT5

Indicators
Trade The Volume Waves Single Member P.C.
Version: 1.6
Updated: 19 February 2023
Activations: 10

No Demand No Supply

Furthermore is has an alert notification, sound and email when a signals occurs.

The indicator does not repaint but the alert will come on two candles back due to the definition of No Demand No Supply.

The VSA (Volume Spread Analysis) definition for No Demand and No supply is as follows:

No Demand (no buyers-potential short position):

The Volume within the candle formation again has to be lower than the volume of the previous 2 candles.

The candle has to close bullish (green body).

There has to be some sort of rejection (pin or wick) at the high of the candle.

If the candle closed at the top it would not be a no supply candle.

No Supply (no sellers-potential long position):

The Volume within the candle formation has to be lower than the volume of the previous 2 candles.

The candle has to close bearish (red body).

There has to be some sort of rejection (pin or wick) at the low of the candle.

If the candle closed at the bottom it would not be a no supply candle.

Parameters

Engulfing Filter: if true signals will be generate when engulfing candle pattern occurs
Wick: ND or NS candle can be filtered by the Wick (pin) size: 0 very small, 1 at least 25% pin and 2 at least 50% pin
Volume type: true for Tick Volume or false for Real Volume
Weighted _Volume: refer to Weight Volume Parameters
TimeFrame: Specify a specific timeframe in minutes (5,15,60, etc.) or 0 to be applied to all timeframes
ShowLabels: Show NS and ND labels, true or false;
LabelShift: Label shift above and below bars in points
FontSize: Font size of labels
FontColorNS: Color of No Supply label
FontColorND: Color of No Demand label

Weight Volume Parameters - Weight Volume According to Sessions London-US-Asia. Should be used only in Forex or any other Instrument that when EU+US sessions operating together have the Highest Volumes. (it operates on 1Hr charts or less) .

Weighted Volume: true/false - Weights volume of different sessions taking into consideration that when London and US are operating at same time the highest volume of all sessions occurs and adjusts the rest of the sessions. With this parameter it very easy visualize which volumes are significant even on Asian hours or non-significant on London-US hrs.

Alert Parameters

EnableNativeAlerts: Popup window
EnableSoundAlerts: Sound alert
EnableEmailAlerts: Sends email
EnablePushAlerts: Push Notification
SoundFileName: The sound file for sound alert "alert.wav"

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Rental/Lifetime Package Options and Privileges' * For optimum results the yearly or lifetime package is suggested due to live training and Discord channel trading with the creator! Rent Monthly Six Months Yearly/Lifetime Weis Wave with Speed with Alert+Speed Index x x x Manual x x x Quick Set up Video x x x Blog x x x Lifetime Updates x x x Setup and Training Material x x Free Rectangle Break Alert Tool x Discord Access Channel "The SI traders" x 2-hour live methodology traini

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This indicator identifies No Demand –No Supply candles to your chart and plots volume bars colored according to the signal. It can be applied to all timeframes or to a specific one only. It can also be used as regular volume indicator but with exceptional future of WEIGHTED VOLUME. Furthermore is has an alert notification, sound and email when a signals occurs. The indicator does not repaint but the alert will come on two candles back due to the definition of No Demand No Supply. The VSA (Volum

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Wave Anatomy Visit: http://www.trafethevolumewaves.com for more information Construct your own 5 Waves and analyze the price movements stages: Easy Movement Hard time to move Fast move This indicator is based on Wyckoff’s, David’s Weis and my Speed Index Theory. This indicator will you help analyze what is happening in 5 Price Waves that you can construct yourself. This tool is designed for scalpers and swing traders and will help them to analyze any wave on any timeframe at the same time. Fur

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Version 1.6 2023.02.19

Fixed Color Schemes of Bars and text to remain after MT5 restart

Version 1.5 2022.01.23

Wick Filter has been added for ND or NS candle in order filter price rejections
0- very small wick , 1 at least 25% wick and 2 at least 50% wick

Version 1.4 2021.02.06

Weighted Volume Algorithm Adjustment

Version 1.3 2021.01.29

Option to Show ND or NS.

Version 1.2 2020.09.23

Label Shift Code Improvement

Version 1.1 2020.09.10

Fixed a small, that did not display the last two bars in certain cases and added Numbers of bar back load option