Supply and Demand Reduction - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
It shows the number of times the zone has been retested.
It shows areas where support becomes resistance and vice versa.
Some additions were made by me. Weak zones can be turned on/off. Fixed to work on over 600 terminal versions. The price closest to the area is located in the buffer, which makes this indicator available in Expert Advisor.
Attachment download
📎 shved_supply_and_demand.mq4 (28.54 KB)
Source: MQL5 #14545
Supply and demand decrease - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Reduced Supply and Demand - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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