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Supply and Demand Indicator

The Supply and Demand Indicator is a revolutionary tool in the trading landscape, designed to pinpoint areas where buying or selling pressure is likely to emerge. By identifying these “zones,” traders gain an edge in understanding market psychology and are better positioned to predict future price movements.

This indicator accurately draws the supply & demand zones of a currency pair on the chart. It identifies zones on the chart where demand overwhelms supply (the demand zone), driving the price up, or where supply overwhelms demand (the supply zone), driving the price down.

What sets the Supply and Demand Indicator apart is its underlying principle, which goes beyond mere price action to unravel the basic economic forces driving the market. When the price reaches a demand zone, an area where buyers have previously stepped in, it often indicates a potential reversal point to the upside. Conversely, hitting a supply zone, where sellers have previously taken control, suggests that the price may reverse downwards.

The indicator is incredibly versatile, applicable across a myriad of markets—from forex and commodities to stocks and indices—and adaptable to various time frames. It’s a boon for day traders hunting for short-term opportunities, as well as for swing traders and investors looking for longer-term zones of value.

How to trade the indicator:

Most traders wait for the price to enter these zones, where major buying or selling activities have taken place before entering a long or short position themselves. Thus, it makes sense to buy at a demand zone and sell at a supply zone, but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend.

This is a MetaTrader 4 (MT4) indicator and works with all currency pairs and all timeframes. Once you download and install the indicator, it will appear in your trading chart, like the image shown above.

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