MT5 Supply and Demand Area Indicator Download | Forex Indicator Download - MetaTrader 5 Resources - MetaTrader 5 Resources

The Supply and Demand Area indicator is an essential technical analysis tool on the MetaTrader 5 platform . It is used to identify key market areas.

This MT5 indicator automatically detects strong demand zones (support) or supply zones (resistance zones) and highlights them using colored bars.

Supply and demand area specification table

General specification supply and demand area indicators are shown in the table below.

Indicator Overview

Supply and demand zones are identified based on past price action and displayed as colored bars on the chart. These areas remain on the chart until liquidity is absorbed .

This colored bar MT5 Support and Resistance indicator is divided into two categories:

• If the price does not reach the target value, there is little meaning in the supply or demand column .
• If price touches a supply or demand line, the likelihood of a price reaction and trend reversal increases .

Uptrend Conditions

The price chart of EUR/AUD shows the currency pair on a 5 minute time frame. The price has hit the demand zone multiple times on the chart, showing reversal signals such as bullish engulfing (green) and bullish doji candlesticks .

These signs suggest there is potential for a positive price reaction to reach this level for Buy trades.

downtrend conditions

The price chart below shows the AUD/USD currency pair on the 5 minute time frame. Price has reached the supply zone , forming a bearish doji candlestick pattern in that zone, indicating a potential trend reversal.

These signals increase the likelihood of price rejection from this level , making them an optimal setup for Sell trades.

Indicator Settings

The adjustable parameters of the supply and demand area indicators are shown in the figure below:

• Show support zone: show support zone
• Display resistance area: display resistance area
• Program touch area: display touch area
• Show untouched area: Show untouched area
• Show the last area. 0 means display all: Display all zones
• Hide the union owned by two regions: Hide the overlap of two regions
• Color Unaffected Support: Color of untouched support areas
• Color Untouched Resistor: Color of untouched resistance area
• Color touch support: Color of touch support area
• Show the first market period: Show the first market period
• Show market cycle 2: Show market cycle 2
• First cycle market color: the color of the first market cycle
• Second cycle market color: the color of the second market cycle

Conclusion

The supply and demand indicator is a practical tool for analyzing and judging market trends at support and resistance levels .

This MT5 Support and Resistance Indicator identifies Demand Zones (potential buying zones) and Supply Zones (potential selling zones) , helping traders recognize reversal zones and identify appropriate entry and exit points .