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Supply Demand Zone Pro
Supply Demand Zone Pro Indicator works with all products and timeframes. It is using a new calculation method, and now you can select the desired zone on any timeframe! Strongest Zones are already enabled by default This is a great advantage in trading.This indicator has a built in backtester enabled by default, just move the chart.
Supply and Demand ?
Supply is a price zone where sellers outnumbered buyers and drove the price lower.
Demand is a price zone where buyers outnumbers sellers and drove the price higher.
How can I benefit from this indicator?
Step1- Look for a strong rally. Then without warning, the price suddenly reverses and drops FAST. That indicates an area of major imbalance - a high-probability Supply Zone. (Vice versa for demand zone)
Step2 - Trade FRESH/IMPORTANT, (S/D) zones. That means, the market price has never tested these zones before.
Note: You can try to trade using the verified zone, but pay attention to that zones.
These are the highest-probability.
Each time the price reaches a zone, that zone becomes weaker and weaker.
Use the zones which were hit 0-1 times!
Show Important Zone (Recommended to use it on "True")
Show Verified Zone (Recommended to use it on "True")
Show Turncoat Zone
Show Weak Zone
Show Possible Zone
Show Broken Zone
Show Zone Alerts
Popups Zone Alerts
Sound Zone Alerts
Send mail notification
Zone Alert wait seconds
Filter Zone (Recommended to use it on "True")
Zone Fuzz Factor
Fractal Fast Factor
Fractal Slow Factor
TRUE = scrolling back the chart shows PAST zone "look"
Show button to switch Testing mode On/Off
Testing Button Position X
Testing Button Position Y