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)
Zone-to-Trend MT5 Strategy Using Demand & Supply Blocks and Gold Miner V2
The Demand and Supply Forex Block Indicator for MT5 highlights institutional-level zones where price is likely to react.
When combined with the Boom and Crash Gold Miner V2 Trend Indicator, traders gain powerful confirmation of trend direction after price taps a key zone.
Recommended Timeframes
Use on M15 to H1 charts for optimal balance between trend clarity and entry frequency.
Strategy Tools
- Demand & Supply Blocks: Identify key reversal or continuation zones where price may react strongly.
- Gold Miner V2: Confirms the active trend with real-time signals based on market strength and volatility.
Buy Setup
- Wait for the price to touch or enter a demand block (green zone).
- Gold Miner V2 must turn bullish, confirming upward momentum.
- Enter a buy trade once both conditions align.
- Place your stop-loss below the demand zone.
- Target the next resistance level or set a risk-reward of 1:2 or better.
Sell Setup
- Price should reach a supply block (red zone).
- Gold Miner V2 must signal a bearish trend.
- Sell once both conditions are met.
- Stop-loss goes above the supply block.
- Target nearby support or aim for a minimum 1:2 risk-reward ratio.
Why This Strategy Works
The Boom and Crash Gold Miner V2 adds directional clarity to the zones detected by the Supply & Demand Indicator.
This reduces guesswork and improves entry timing by confirming the trend after price hits a key zone.
Trading Tip
Avoid trading in the middle of the chart range. Wait for price to reach extreme zones and confirm direction with Gold Miner V2 for best results.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Demand and Supply Support and Resistance.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
