“It hasn’t been easier to display, in real-time, one of the most important and useful technical analysis , namely supply/demand zones. This algorithm analyzes the market structure in real-time and maps out key supply and demand zones for you. – “
Supply/Demand Zones (Expo) analyze the market structure in real-time and maps out key supply and demand zones. The user gets an instant understanding of the current market structure.
The indicator identifies zones where demand overwhelms supply which is driving the price up, or where supply overwhelms demand which is driving the price down. It makes sense to buy at a demand zone and to sell at a supply zone , but keep in mind that fresh zones are more effective than retested ones. They can be used as entry zones for a continuing trend or as reversal zones for a changing trend.
–> The indicator displays 3 zones, which one of them (the blue one) can be customized. Labels with price levels can be enabled.
–> The indicator can be used standalone or as a part of your current trading strategy.
- No repainting
- Works on any market
HOW TO USE
1. Use the indicator to identify key supply and demand zones.
2. Use the indicator to confirm the existence, or a continuation, of a trend or a trend reversal.
3. Use the indicator to identify potential breakouts.
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