Advanced Supply Demand Indicator V7 MT4

Description

Advanced Supply Demand Indicator V7 MT4

Overview

The Advanced Supply Demand Indicator V7 MT4 is a unique and affordable trading tool designed for both newbies and expert traders. It incorporates proprietary features and a new formula to pinpoint precise entry and target points. Let’s delve into the specifics:

1. Indicator Features:

   • Double Timeframe Zones: With this update, you can display supply and demand zones from both the chart timeframe and a higher timeframe. This feature is especially useful for traders who want to see nested zones.
   • Graphical Representation: The indicator visually highlights the strongest supply and demand zones, including historical performance (old zones).
   • Zone Strength Functions: You can adjust two zone strength parameters:
     • Min X-factor of Price Travel Away: Determines the strength of the zones based on price movement (higher values indicate stronger zones).
     • Min Y-factor of Price Travel Away (Zone Size): Another strength parameter that influences zone visibility.

2. Alerts:

   • The indicator serves as an alert trigger for supply and demand zones. You have three alert options:
     • Price Enters the Zone
     • Price Breaks the Zone
     • Reversal Candle Forms from a Zone
   • Alerts can be customized via popup, sound, push notifications, or email.

3. Nested Zones:

   • A powerful feature! The indicator detects if a supply/demand zone is nested within a higher timeframe zone.

 

Strategy Implementation

Now, let’s discuss how to use this indicator effectively:

1. Minimum Deposit:

   • There’s no specific minimum deposit requirement. However, it’s advisable to start with a sufficient trading capital to manage risk effectively.

2. Currency Pairs:

   • Consider using the following pairs:
     • USDCHF
     • EURUSD
     • GBPUSD
     • AUDUSD
     • EURGBP

3. Timeframes:

   • The indicator works across all timeframes, including:
     • M1
     • M5
     • ALL TIMEFRAMES

How the EA Takes Trades

The Advanced Supply Demand Indicator V7 MT4 helps traders identify areas of imbalance between buyers and sellers. Here’s how it works:

1. Supply Zones:

   • When price enters a supply zone, it indicates potential selling pressure.
   • If price breaks a supply zone, it suggests a bearish bias.
   • Reversal candles forming from a supply zone can signal a potential trend reversal.

2. Demand Zones:

   • When price enters a demand zone, it implies potential buying interest.
   • A break above a demand zone may indicate bullish momentum.
   • Reversal candles forming from a demand zone can signal trend reversals.

Get Started!

• To maximize the potential of the Advanced Supply Demand Indicator.
• Download the Indicator from our website: https://yoforex.org/product/advanced-supply-demand-indicator-v7-mt4/

Join our Telegram channel for real-time updates: https://t.me/yoforexrobot

 

[Remember, understanding supply and demand zones is crucial for successful trading]

📈🔍🚀 Happy Trading 📈🔍🚀