Supply and Demand Contractions - MetaTrader 5 Script - Multi-Timeframe Version - MetaTrader 5 Script
This is the MQL5 version of the Shved supply and demand indicator, written by Shved and upgraded by eevviill7 this link .
Historical pattern indicator. Set the "historyMode" parameter to true and "double click" on any point in the price chart to see the support and resistance zones for that point, done by Mr. Behzad Movaghar.
The indicator works on any selected timeframe off the chart to facilitate users to use it better.
The indicator uses fractals and the ATR indicator to find and draw support and resistance areas on the price chart. Area types are:
Attachment download
📎 shved_supply_and_demand_v1.4_xmtfp.mq5 (41.57 KB)
Source: MQL5 #36571
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