Shved Supply and Demand
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. 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
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
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.
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.
