Shved Supply & Demand Indicator
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Indicator EA template available
Section titled “Indicator EA template available”An EA template is available for this indicator. Add a new EA to your account and choose the template matching the name of this indicator.
Introduction
Section titled “Introduction”
Behind all price movements in the Forex market, there is a changing ratio of buyers and sellers. However, the MT5 terminal does not have an indicator to highlight zones of key changes in this ratio.
Shved Supply & Demand Indicator
Section titled “Shved Supply & Demand Indicator”The Shved Supply & Demand indicator is a free tool developed to automatically detect and draw these zones. These zones indicate areas of increased activity in the Forex market, which can be of interest to traders.
Determining Profitable Entry Points
Section titled “Determining Profitable Entry Points”Repeated interaction of the price with these supply and demand zones can help determine potentially profitable entry points for trades. The indicator highlights five types of levels based on past price activity.
Using the Indicator
Section titled “Using the Indicator”The Shved Supply & Demand indicator gives more reliable signals on higher timeframes due to market noise on lower timeframes. It is recommended to use the indicator along with other trading tools or systems for increased effectiveness.
Conclusion
Section titled “Conclusion”No matter what trading approach you use, the Shved Supply & Demand indicator can be a useful addition. It increases the chances of resuming movement from the highlighted levels of trading activity.