The Supply and Demand Zones Indicator for MT4 is a popular and useful tool for forex traders. It helps identify key price levels where there is significant supply or demand, which can be used to make more informed trading decisions. This indicator works by plotting zones on the chart where price has historically reversed or consolidated, indicating potential areas of interest for traders. These zones can act as support or resistance levels, making them valuable for placing stop losses or take profit targets. To use the indicator, simply install it on your MT4 platform and adjust the settings to suit your trading style. By keeping an eye on the supply and demand zones, you can better understand market dynamics and potentially improve your trading performance. And the best part? This indicator is completely free to download and use.
MT4
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Supply-Demand-Zones-screenshot-1-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Supply-Demand-Zones-screenshot-2-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Supply-Demand-Zones-screenshot-4-230x144.png)
![](https://www.mt4collection.com/wp-content/uploads/2024/04/Supply-Demand-Zones-screenshot-3-230x144.png)
Supply Demand Zones
Supply Demand Zones Indicator MT4 is a useful forex indicator popular among traders for identifying key areas of support and resistance. This free tool works by plotting zones on the chart where price is likely to reverse. Traders can use these zones to make informed trading decisions, such as setting profit targets or placing stop-loss orders.
Indicator Type | |
---|---|
Trading Style | , |
Timeframe | , |
Platform |
0
People watching this product now!
Category: Envelope Indicators
Downloads - 16
Description
Reviews (0)
Be the first to review “Supply Demand Zones” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
HighLow Custom
The HighLow Custom Indicator is a popular and free Forex indicator for the MT4 platform. The indicator uses a combination of trend lines, support and resistance levels, and other technical indicators to help traders identify entry and exit points. It also helps traders identify the right time to enter or exit a trade. The HighLow Custom Indicator is a great tool for traders who are looking to maximize their profits and minimize their risks.
Zigzag Ws Channel Rv 2
The Zigzag WS Channel RV 2 Indicator is a popular and free Forex indicator for MT4. It is a useful tool for traders as it helps them identify changes in momentum and direction. The indicator is based on the Zigzag indicator and the Williams Percent Range indicator, and it is designed to measure the strength of a trend and to detect reversals. The indicator works by plotting the Zigzag lines on the chart and then adding the Williams Percent Range indicator, which helps to identify potential reversals. It is a great tool for both novice and experienced traders as it provides accurate signals and helps to identify potential reversals.
Keltner Channel With Signals
The Keltner Channel with Signals Indicator is a popular and free forex indicator that runs on the MT4 platform. This is a new and innovative tool that uses the Keltner Channel as the basis for generating trading signals, helping traders identify potential trading opportunities. Use the Keltner Channel with Signals Indicator as a powerful tool that can help traders succeed in the forex market.
MA Rainbow
The MA Rainbow Forex Indicator is a free and popular MT4 indicator that is useful for Forex traders. It works by combining multiple Moving Averages (MA) with different time periods and colors to detect the trend. It can be used to identify reversals and support/resistance levels. The indicator is easy to use and can be used on any currency pair. It is also available for free, making it one of the most popular and widely used indicators among Forex traders.
Bollinger Bands
The Bollinger Bands Indicator is a popular and useful Forex indicator for MT4 traders. It is a free indicator that helps traders to identify potential market entry and exit points. This indicator uses a combination of three moving averages to create upper and lower bands that can be used to identify price movements and trends. The bands are adjusted according to the market volatility and can be used to identify overbought and oversold conditions. The indicator is easy to use, and traders can customize the settings to suit their trading style. This indicator is a great tool for any trader looking to gain an edge in the Forex market.
Keltner Channel
The Keltner Channel Indicator is a popular and useful Forex indicator that can be used to identify potential price breakouts. It is free to use on the MT4 trading platform and is designed to help traders identify overbought and oversold market conditions. The Keltner Channel Indicator works by plotting two bands around a moving average. The Keltner Channel Indicator is a great tool for traders to use to identify potential price breakouts and make informed trading decisions.
Reviews
There are no reviews yet.