Supply and Demand Dashboard Indicator

Descripción

Supply and Demand Dashboard Indicator This dashboard is a powerful piece of software that works with multiple symbols and up to 9 timeframes. Based on our main indicator, it offers an extensive overview by displaying:

Indicators have full instructions for use.

• Filtered supply and demand values, including zone strength rating.
• Pip distances to and within zones.
• Highlights of nested zones.
• Four types of alerts for selected symbols across all (9) timeframes.
• Highly configurable to meet your personal needs!

For every trader, the most important questions are:

Where are the best levels to enter the market? Enter your trade within or near a strong supply/demand zone for the best chance of success and optimal risk/reward ratio.

Where is the best place for my stop loss? Place your stop above or below a strong supply/demand zone for maximum safety.

What is my best profit target? Your exit strategy is as important as your entry. Knowing the higher timeframe picture helps with this. For a buy, use the next supply zone as your target; for a sell, use the next demand zone. Entering on a pullback to supply or demand ensures ample profit margin up to higher timeframe supply and demand zones, enhancing your profits.

Why do we filter strong and weak zones? The greater the imbalance, the greater the price move. The highest probability price levels are those with the greatest imbalance between buyers and sellers. These levels are where prices reverse sharply and drop – indicating major imbalances. At these levels, a large number of sellers outnumber the buyers. It is also likely that more sellers were waiting to sell around that level during a sudden sell-off.

Important Information Revealed:

Maximize the potential of supply and demand by visiting the user manual. If you are new to supply and demand trading, read the related blog.

Advanced Features Include 4 Special Alerts:

• A new zone appeared.
• Price entered a zone.
• Price left the zone.
• The zone is broken.

You can filter all alerts to only nested zones if you wish. You can choose the timeframes that should trigger alerts. You can exclude certain symbols from alerts.

Visual Features on the Dashboard:

• Prices for supply and demand (from top to bottom: supply upper price, supply lower price, demand upper price, demand lower price).
• Pip distances to supply and demand zones. Green indicates the price is far from the zone.
• Pip distances inside supply and demand zones. Pink and bold indicate the price has entered the zone (pips to outer price, pips to inner price).
• Special zone strength rating. A yellow number appears if a minimum strength is reached.
• New or tested: “N” is added to the price if the zone is new or untested.
• Nested: The background is highlighted if the zone is nested within a higher timeframe zone.
• Nested AND new: Supply and demand prices are shown in bold.

Visual Features on the Chart: Drag the sub-window of the dashboard down with the mouse to see the actual chart. Click on the symbol names to change the symbol. All timeframes displayed on the dashboard will be drawn on the chart. Lower timeframes than the chart are shown as dashed squares. The actual chart’s timeframe is shown as full squares. Higher timeframes than the chart are shown as empty squares. The higher the timeframe, the more to the right the squares are. Color coding indicates if the zone is new or tested. Prices can be displayed on the chart or not.