shved supply and demand
Info
The shved supply and demand is a Indicator for MetaTrader 5 that i also added 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.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use shved supply and demand
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.
What this tool does
i also added history mode to indicator.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: supply and demand zones indicator - another powerful indicator for MetaTrader 5 traders.
i also added 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.
Also recommended: shved supply and demand - indicator for meta trader 5 - multi timeframe version - similar indicator with strong performance on MetaTrader 5.
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.
v1.2:
history mode added
v1.3:
added parameter for sending notification to mobile phone when price entering s/r zones.
v1.4:
fixed sup. & res. labels in history mode.
v1.5:
added timeframe option to show s/r zones from a timeframe on other timeframes. for example you can show h4 zones on d1 and h1 and other timeframes.
optimizing the alert function to not receive alerts when you set the weaker zones to not show on the chart.
v1.6:
optimization in finding the broken zones.
reorganizing input parameters and deleting the unused codes.
added prefix parameter, now you can add multiple instances of the indicator to the chart by changing the prefix.
fixed array out of range error when showing zones of a timeframe on other timeframes.
v1.7:
buffers added for data window to show the strength of support and resistance zones and the type of zone if price is inside a zone.
please check out if you want to buy multi-timeframe dashboard of this indicator.
You may also like: ozymandias st dev - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property indicator_chart_window
#property indicator_buffers 11
#property indicator_plots 11
input enum_timeframes timeframe = period_current; // timeframe
input int backlimit = 1000; // back limit
input bool historymode = false; // history mode (with double click)
input string zone_settings = "--- zone settings ---";
input bool zone_show_weak = false; // show weak zones
input bool zone_show_untested = true; // show untested zones
input bool zone_show_turncoat = true; // show broken zones.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.