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Supply and Demand indicator does not repaint as it counts the number of tests/retests occurred in the past x number of times.
As a trader you need a path to be able to place your buy and sell trades such as:
- Supply and Demand,
- Falling & raising channels.
Experienced trades will draw the key levels and channels around the timeframes. But, they will not be able to draw them on the small time frames as the price changes too frequent.
This indicator is based on Shved supply and demand indicator, but in multi time frames.
This indicator will make your analysis easier than ever before by automatically draw the supply and demand zones in up to 4 timeframes of your choice. Some traders may choose to scalp daily and others may choose to scalp in lower time frames. So, all options were made available with the minimum inputs.
The Supply and Demand indicator is simple to use and can be loaded on any chart. It will start drawing supply and demand zones the moment you attach it to any chart in seconds. I don’t say that it is a 100% perfect score, but the entries in H1, H4 and D1 time frames are accurate most of the time when using the channels indicator as well.
You will easily spot nearly perfect entries using the Supply and Demand indicator along with the Channels indicator.
Each time frame can be given a color, so that you can easily identify the time frame by looking at the chart in seconds. Also, each zone will be named according to the time frame, so that you will always see (H1) or (M15) for example next to each zones.
Try this indicator simultaneously with the Channels indicator for the best results.
