Superior Supply & Demand Levels indicator | Forex Factory

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Superior Supply & Demand Levels indicator

  • #1
  • First Post: Edited 1:03pm May 23, 2021 11:59am | Edited 1:03pm
Hi All ...................... i wonder if anyone stumbled upon a S&D indicator that is worthy of daily use & willing to share................thanks
  • #2
  • May 23, 2021 2:11pm May 23, 2021 2:11pm
Quoting klm1011
Hi All ...................... i wonder if anyone stumbled upon a S&D indicator that is worthy of daily use & willing to share................thanks
HI klm,
The S&R indicators are everywhere in the Tech Section of this forum. Also try this...open up a chart on the 1H time then scroll back in time for say 6 month to a year. Change the chart to a line chart. Now for the fun part slowly move the chart forward & wherever you see price make a very pointed V shape & quickly moving away from that level place a horizontal line on the the point of the V shape & continue moving forward doing the same until you arrive at the current day.

Now if you so desire you can place another line above the first line say 2 PIP above to create yourself a small channel.

I read this somewhere on the Factory, but not sure where. It is NOT my idea. I take NO credit. I have noticed that PRICE will revisit the lines & watch the reaction when they do.

Hope this helps, but surely find the best S&R indicator you can, because they have merits too.

Best of trades to you my friend.
  • #3
  • May 23, 2021 2:12pm May 23, 2021 2:12pm
personally I don't use this but you may search "maxpro supply and demand" on google.
  • #4
  • May 23, 2021 3:24pm May 23, 2021 3:24pm
Quoting acetrader
{quote} HI klm, The S&R indicators are everywhere in the Tech Section of this forum. Also try this...open up a chart on the 1H time then scroll back in time for say 6 month to a year. Change the chart to a line chart. Now for the fun part slowly move the chart forward & wherever you see price make a very pointed V shape & quickly moving away from that level place a horizontal line on the the point of the V shape & continue moving forward doing the same until you arrive at the current day. Now if you so desire you can place another line above the...
Thanks for the input Acetrader ......... sounds good with strong logic...........best of trades to you as well amigo.......
  • #5
  • May 23, 2021 7:32pm May 23, 2021 7:32pm
Quoting klm1011
Hi All ...................... i wonder if anyone stumbled upon a S&D indicator that is worthy of daily use & willing to share................thanks
Check this one out here on FF

Supply and demand in a nutshell by Alfonso Moreno

He does have website, you can email him or register on the website and get the S&D indicator. It's free as far as I know. I will attach a chart and you will see how it looks. You still have to know where supply/demand is and draw the rectangle. Blue is demand and red is supply. Also there is other colors when the zones are retouched.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADMonthly.png Size: 49 KB
  • #6
  • Last Post: May 23, 2021 10:28pm May 23, 2021 10:28pm
Quoting klm1011
Hi All ...................... i wonder if anyone stumbled upon a S&D indicator that is worthy of daily use & willing to share................thanks
Learn to identify them visually ...
Attached Image (click to enlarge)
Click to Enlarge Name: 113A2A36-C40D-4076-87B2-5F03B446FAA4.jpeg Size: 332 KB
Red = Resistance (Supply) = Downtrend.
Green = Support (Demand) = Uptrend.
Note: The higher the timeframe, the more superior the levels ...
Market is not random but unpredictable
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