I SUPPLY DEMAND ZONES INDICATOR MT4

Identifying supply and demand areas is a trait of every successful forex trader. The proper identification of these places increases the profitability of the trader. I Supply Demand Zones Indicator draws these zones in the best way on an mt4 chart.

Supply and Demand Zones

• Supdem zones are similar to support and resistance lines. However, there is a difference between the support and resistance lines and zones. These zones offer a wider area of demand and supplyand provide stronger support and resistance.

Also, forex traders may not BUY or SELL from a single identified support or resistance line. But a majority of traders join within a zones depending upon their trading strategy.

How to trade forex using the I Supply Demand Zones Indicator?

• The indicator automatically identifiesthe best zones and draws them on the mt4 chart. The indicator eliminates the guesswork and helps the trader to spot them immediately.
  Traders BUY anticipating prices to move higher from a demand area. On the other hand, SELL on a supply area looking for prices to turn bearish.

Most traders place their stop loss below the dem-zone and above the sup-zone. Swing traders tend to hold positions till price reaches the opposite zone, while others trade according to a reasonable risk and reward ratio.

How to trade successfully using Higher time frame supply and demand zones?

• Identifying supply and demand areas from a higher timeframe is vital to stay within the trend because supdem places of higher timeframes are more reliable.

In the above picture, the left image shows the GBPUSD M15 charts with supply and demand areas. Similarly, the right image shows the same chart but with zones of the H1 timeframe.

The trader can visually locate and understand the zones in both timeframes. Due to this insight, the forex trader can plan and execute successful trades.

The indicator is beneficial not only to new traders but also to traders using advanced trading strategies.

Limitations:

This indicator draw the zones automatically on an mt4 chart. But they must be validated by the trader manually. Supdem zones may fail, and the market may breach them subsequently. So traders must use price action for additional confirmation.

Conclusion:

There’s no doubt that forex trading using supdema is a proven strategy. And this best supply and demand zones indicator provides the trader with the necessary insight on the areas automatically.