The Supply and Demand Indicator for MT4 is a signal indicator designed for MetaTrader 4, which displays supply and demand zones on the chart. These zones effectively function as support and resistance levels, indicating potential trend reversals. The indicator visually distinguishes these areas using two colors: red for supply zones and blue for demand zones.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, providing clear indications of supply and demand zones.
Indicator Settings
How to Install Supply and Demand Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
