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How is supply/demand zone indicator used?

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How is supply/demand zone indicator used?

How do you mark a supply and demand zone?

  1. STEP 1: Identify current market price.
  2. STEP 2: Look left on the chart.
  3. STEP 3: Look for big green or big red candles.
  4. STEP 4: Find the origin of the big candles.
  5. STEP 5: Mark the zone around this ‘origin’

How do you insert an indicator?

How to use a custom indicator on your charts

  1. Open your MetaTrader 4 platform.
  2. Locate the Navigator panel, as below.
  3. On the navigator, find Custom Indicators.
  4. Click Custom indicators, and you should see your newly installed indicator.
  5. Double click the indicator and the Indicator Properties window will appear.
  6. Click OK.

How do you trade with support and resistance strategy?

A Support and Resistance trading strategy that lets you profit from losing traders

  1. Mark your areas of Support & Resistance (SR)
  2. Wait for a directional move into SR.
  3. Wait for price rejection at SR.
  4. Enter on the next candle with stop loss beyond the swing high/low.
  5. Take profits at the swing high/low.

How can I get smart money trading?

Smart money is the cash that is invested with investing professionals who are better informed or more experienced or both….The following sources can be used to identify smart money actions:

  1. Trading volume.
  2. Stock pricing and index options.
  3. Data sources and methods.

What is the II supdem indicator?

The II SupDem is a simple MT4 indicator that mentions the supply and demand zones of the forex pairs. The ll SupDem is an acronym for supply and demand. The indicator plots supply and demand zones that reflect support and resistance levels.

Which file contains supdem ex4 and supdem mq4?

(downloadable file SupDem.rar contains SupDem.ex4 & SupDem.mq4) How to install SupDem mt4 indicator in forex trading platform metatrader 4?

How does the indicator work?

The indicator draws supply and demand levels on the chart automatically and it also corrects these levels as soon as an important update occurs in the market or when the time frame is changed.

How to use supply and demand indicators in forex trading?

The right trading approach would be to use the supply and demand zones with the rules of your forex trading strategies (or strategy) or use them as a price action confluence and then based on that, you buy or sell. The supply and demand indicator mt4 can assist in helping you place your trailing stop loss. How?