KT Supply and Demand MT4

KT Supply and Demand is a multi-timeframe supply and demand zones indicator that keeps your chart down to the zones that still matter.

A zone that price closes through disappears on that candle, and only the nearest zones above and below the price stay on the chart.

Every zone is drawn from closed candles and stays in place, on your chart and on two higher timeframes, so what you see in history is what you would have seen live.

What you get

• Supply and demand zones found from the candles of your chart, each with a mid line and a clear label.
• Zones from two higher timeframes, H4 and D1 by default, drawn as outlines behind your own zones.
• Broken zones cleared for you: a wick keeps a zone, a candle close through it removes it.
• Up to three zones above and three below the price for each timeframe, so the chart stays readable.
• A stop room line beyond each zone, measured on the symbol you trade, so a normal wick does not reach your stop loss.
• A touch alert once per visit and a rejection alert when a candle closes back out of a zone, by popup, sound, push notification and email.

How to use it

Attach the indicator and keep the higher timeframes that suit your chart: H4 and D1 on H1, H1 and H4 on M15, D1 and W1 on H4. When price reaches a zone, look at the higher timeframe outline around it, and place your stop loss on the stop room line instead of right at the zone edge.

Recommendations

Forex pairs, gold, silver, indices and crypto, on any timeframe. The zones, lines and alerts are the same on every symbol, and the stop room line adjusts to each symbol by itself.

Input parameters

• Calculation Bars: how many candles of your chart are used for the zones and the stop room line.
• Supply/Demand from Current, Second and Third Timeframe, Second Timeframe, Third Timeframe: which timeframes are drawn.
• Zone Display: higher timeframe zones as outlines, or all zones filled.
• Zones per Side, per Timeframe: how many zones are shown above and below the price.
• Show Demand Zone, Show Supply Zone, Draw Mid(50%) Line, Draw Labels, Show Stop Room Line: what is drawn.
• Use Chart Template: applies a dark chart theme.
• Colors, Style and Width: zone, mid line and label colours.
• Alert Area, Alert Zones, Rejection Alert: when an alert fires and for which zones.
• PopUp Box Alert, Email Alert, Push Notifications, Sound Alert, Sound Alert File: where the alerts go.

Trade the zones that still count

Clean supply and demand zones, the higher timeframe zones behind them and a stop loss line with room, on every symbol you trade.