I SUPPLY DEMAND ZONES INDICATOR MT5

• Identifying supply and demand zones is a trait of every successful Forex trader. The Supply Demand Zones indicator best displays these zones on the MT5 chart.

Identifying supply and demand zones is a trait of every successful Forex trader. Correctly identifying these locations increases the trader’s profitability. The Supply Demand Zones indicator best displays these zones on the MT5 chart.

Zones of supply and demand

• Supdem zones are similar to support and resistance lines. However, there is a difference between support and resistance lines and zones. These zones offera wider area of supply and demandand provide stronger support and resistance.

Additionally, forex traders cannot BUY or SELL from one specific support or resistance line. But most traders join zones depending on their trading strategy.

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

• Identifying areas of supply and demand on higher time frames is vital to staying within the trend, as places on higher time frames are more reliable.

The picture above on the left shows EURGBP H1 charts with supply and demand areas. Similarly, the right image shows the same chart but with H1 timeframe zones.

• The trader can visually find and understand the zones on both time frames. With this understanding, a forex trader can plan and execute successful trades.
• The indicator is useful not only for new traders, but also for traders using advanced trading strategies.

Limitations:

• This indicator automatically draws zones on the MT5 chart. But they must be manually verified by the trader. Supdem zones may fail and the market may subsequently disrupt them. Therefore, traders should use price action for additional confirmation.

Output:

• There is no doubt that Forex trading using supedema is a proven strategy. And this best indicator of supply and demand zones automatically provides the trader with the necessary information about these areas.