Shved Supply and Demand - indicator for Meta Trader 5 - Multi Timeframe Version
This tool for MetaTrader 5 is specifically engineered to streamline your trading operations. This technical indicator acts as a specialized analysis tool designed to visualize market data. It helps traders identify emerging trends, momentum shifts, and key support or resistance levels by plotting statistical calculations directly onto price charts.
How to Setup and Use Shved Supply and Demand - indicator for Meta Trader 5 - Multi Timeframe Version
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
Description & Settings
History mode to indicator. Set "historyMode" parameter to true then "double click" on any point in price chart to see Support and Resistance zones in that point, is done by Mr. Behzad Movaghar.
This Indicator has been made to work on any chosen timeframe other than the chart to facilitate the users to better use it.
Indicator uses fractals and ATR indicator to find and draw support resistance zones on price chart. Types of zones are:
weak: important high and low points in trend
untested: major turning points in price chart that price still didn't touch the again
verified: strong zones, price touched them before but couldn't break them
proven: verified zone that at least four time price couldn't break it
broken: zones that price breaks them (not applied for weak zones)
v1.1:
Fixed warnings when compiling the code and error when there was low number of bars in the chart.
