The Demand and Supply Forex Block indicator for Metatrader 5 identifies the best demand and supply zones on the price chart.
Traders often use supply and demand levels to identify trade entry points, stop loss placement, and take profit targets.
How to trade with the Demand and Supply indicator:
- Green-colored blocks represent major supply levels.
- Red-colored blocks represent major demand levels.
The following indicator inputs can be modified: history mode, show weak zones, show untested zones, show broken zones, fractal fast factor, fractal slow factor, border styles, alerts, colors, and more.
Become familiar with this technical indicator and try it out initially on a demo account.
It is compatible with any time frame, Forex pairs, and any other trading instrument.
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Demand and Supply Support and Resistance.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Demand and Supply Forex Block indicator looks like when applied to the MT5 chart.
How To Buy And Sell With The Demand and Supply Forex Block Indicator?
Find a simple trading example below:
Buy Signal
- In an uptrending market, wait for the price to return to the major supply zone (green block).
- Initiate a buy order and place your stop loss below the previous swing low level.
- Exit the buy trade when the price touches the red-colored demand zone.
Sell Signal
- In a downtrending market, wait for the price to return to the major demand zone (red block).
- Initiate a sell order and place your stop loss above the previous swing high level.
- Exit the sell trade when the price touches the green-colored supply zone.
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Demand and Supply Support and Resistance.mq5 Indicator (MT5)
