shved supply and demand - indicator for meta trader 5 - multi timeframe version
Info
The shved supply and demand - indicator for meta trader 5 - multi timeframe version is a Indicator for MetaTrader 5 that 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.
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 - 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.
What this tool does
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.
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.
Also recommended: shved supply and demand - similar indicator with strong performance on MetaTrader 5.
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.
You may also like: AscTrend HTF Signal Indicator for MT4/MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property indicator_chart_window
#property indicator_buffers 8
#property indicator_plots 8
input ENUM_TIMEFRAMES TimeFrame = PERIOD_CURRENT; // Time frame
input int BackLimit=1000; // Back Limit
input bool HistoryMode=false; // History Mode (with double click)
input string pus1="/////////////////////////////////////////////////";
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.