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Supply and Demand zones

This is a discussion on Supply and Demand zones within the Trading tools forums, part of the Trading Forum category; nice explanation, thx newdigital...

          
   
  1. #11
    Senior Member levonisyas's Avatar
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    nice explanation, thx newdigital

  2. #12
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    New digital,

    This indicator is more like support and resistance (zigzag based). Sometimes the plot happens to be supply or demand zones. Do you know any indicator that actually follow the rules in Sam Seiden's strategy?



    Quote Originally Posted by newdigital View Post
    Thanks levonisyas,

    This is interesting indicator. By the way - is there some theory behid it? It may be good to read something just to understand how to use this indicator.


    Attachment 2831

  3. #13
    Senior Member levonisyas's Avatar
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    Hi Swordfish,
    Can u share an example for ''Sometimes the plot happens to be supply or demand zones''

  4. #14
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    Quote Originally Posted by levonisyas View Post
    Hi Swordfish,
    Can u share an example for ''Sometimes the plot happens to be supply or demand zones''
    There are 2 guidelines for plotting supply and demand zones:
    1) they are usually the small side-way bars followed by a large move
    2) should plot after, not before, the large move has been identified.
    The common II SupDem indicator picks top and bottom like zigzag indicator. It repaints if zone is broken. It plots before a large move, but often there were large moves after the plot, thus sometimes it plots supply or demand. Like so:
    Supply and Demand zones-sd-vs-sr.png

    To see how to plot supply and demand correctly, this guy's 6 videos are very helpful.

  5. #15
    Senior Member levonisyas's Avatar
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    Hi Swordfish,
    i think shift=0 mode cause this. Calculates before candle close.
    i tested lots of subdem indicators and find this one good.
    Here are others Support_Resistance_RD.mq4, SupDem.mq4, Support and Resistance (Barry).mq4 from my pc

  6. #16
    Administrator newdigital's Avatar
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    I found SUpRes_Breakouts indicator (which is based on Support and Resistance (Barry)1 indicator - both should be in indicator's folder compiled. SUpRes_Breakouts indicator should be attached to the chart :


    Supply and Demand zones-supres2.png


    Supply and Demand zones-supres1.png
    Attached Files Attached Files
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  7. #17
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    Thank you so much for these indicators Newdigital

  8. #18
    Senior Member matfx's Avatar
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    Hi Swordfish,

    Take a look at this support demand zones indicator which i found it from FF. It have many settings available such as multi timeframe, alert, color settings and so on.

    Supply and Demand zones-supdemzones.png
    Attached Files Attached Files

  9. #19
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    I like it. Slightly better than II SupDem.
    Thank you for sharing.

    Quote Originally Posted by matfx View Post
    Hi Swordfish,

    Take a look at this support demand zones indicator which i found it from FF. It have many settings available such as multi timeframe, alert, color settings and so on.

  10. #20
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    This one is very close to Sam Seiden's supply & demand. It plot s a level AFTER a large move has been made. It also counts how many times the level has been retested.
    Attached Files Attached Files
    ahmedalhoseny likes this.

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