Forex indicator Shved Supply and Demand displays supply and demand zones on the chart, which are support and resistance levels.
What Is Shved Supply and Demand MT4 Indicator
Shved Supply and Demand is a popular technical analysis indicator that is designed to help traders identify potential areas of supply and demand in the market. The indicator was developed by a Russian trader, Andrey Shved, and is based on the principles of supply and demand trading.
The Shved Supply and Demand MT4 indicator works by plotting zones on the chart where buyers and sellers are likely to enter and exit the market. These zones are based on the idea that when there is an imbalance between supply and demand, the market will move in the direction of the stronger side.
The indicator uses a proprietary algorithm to identify these zones and then plots them on the chart as colored rectangles. The green rectangles indicate areas of demand where buyers are likely to enter the market, while the red rectangles indicate areas of supply where sellers are likely to enter the market.
One of the key benefits of the Shved Supply and Demand indicator is that it helps traders identify areas of the market where other traders are likely to be active. This can help to increase the accuracy of trading signals and reduce the risk of entering trades at the wrong time.
The indicator Shved Supply and Demand plots supply and demand zones on the price chart of a currency pair. It can adjust, narrow and expand zones.
The Shved Supply and Demand indicator displays on the price chart:
- strong areas;
- weak areas;
- areas that have not been retested;
- areas that were retested and the number of times;
- change of demand area to supply area and vice versa.
How to Use Shved Supply and Demand Indicator
To use the Shved Supply and Demand indicator, traders must first download and install it on their trading platform. The indicator is compatible with the MetaTrader 4 platform, which is widely used by traders around the world.
Once the indicator is installed, traders can customize the settings to suit their trading style and preferences. This may include adjusting the size and color of the zones, as well as adding additional indicators to the chart to confirm trading signals.
Traders can use the Shved Supply and Demand indicator to identify potential entry and exit points in the market. When the price approaches a zone of demand, it is a signal to buy, while a zone of supply indicates a potential selling opportunity. Traders can also use the indicator to identify potential stop-loss levels and profit targets based on the size of the zones.
The Shved Supply and Demand Forex indicator will be useful for trading strategies, the principle of which is based on working on breakouts and rebounds from important levels. A significant advantage of the indicator is the visualization of the importance and testing of trading levels.
Overall, the Shved Supply and Demand MT4 indicator is a powerful tool for technical traders who want to identify potential areas of supply and demand in the market. While no indicator can predict market movements with 100% accuracy, the Shved Supply and Demand indicator can help traders make more informed trading decisions and improve their overall profitability.
Features of Shved Supply and Demand MT4 indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In Shved-Supply-and-Demand.zip file you will find:
- Shved-Supply-and-Demand.ex4
Download Shved Supply and Demand MT4 indicator for free:
