Name: Shved Supply &amp; Demand Indicator
SKU: 41909
Availability: InStock

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In the Forex world, it's the ever-changing dance between those who buy and those who sell that dictates how prices move. But, if you're just using the standard MT5 platform, you won't find a built-in indicator that points out the areas where this crucial shift takes place.

That's where we step in with a recommendation: the free Shved Supply & Demand Indicator. It's a tool made to automatically identify and mark supply and demand zones directly onto your trading chart.

What exactly is the Shved Supply & Demand Indicator?

Supply and demand zones highlight specific locations on your chart that have seen significant trading activity in the past. They represent price points where strong buying or selling pressure has, in the past, significantly shaped market behavior.

Why should you pay attention to these zones?

The price frequently interacting with these zones gives traders an edge in finding potential trades with high odds of success. This indicator allows traders to:

Recognize critical price areas where important trend reversals or breakouts might happen.
Pinpoint high-probability opportunities to enter and exit trades.
Elevate their trading approach with automatic supply & demand analysis.

Interested in a detailed, step-by-step guide on how to get the Shved Supply & Demand Indicator installed and working on your MT5 platform?

Super cool Forex indicator is here!!

Key Features:

The Shved Supply & Demand Indicator is built to automatically chart supply and demand zones, pinpointing them based on past periods of significant price action. These zones spotlight crucial junctures in the market, regions where buyer and seller activity has historically been robust, which is key for recognizing potential trading opportunities.

How are Supply & Demand Levels Formed?

The indicator identifies zones where substantial buying or selling pressure has spurred a vigorous price shift in a single direction. The magnitude of these zones corresponds with the extent of price activity:

Bigger zones signify heightened impact – These are levels where price has bounced numerous times.
Smaller zones denote reduced trading activity – These signal areas with minimal price movement.

To enhance understanding, the indicator also provides short textual labels directly on the chart, providing traders quick insights into the nature of each zone.

Superior Performance on Higher Timeframes

As with most Forex indicators, Shved Supply & Demand delivers better results on higher timeframes (H1, H4, D1). Lower timeframes are subject to more market volatility, potentially triggering erroneous signals.

Increased Reliability With Repeated Tests

When a zone repeatedly interacts with the price, its dependability strengthens. If price consistently responds at a specific level, that area is likely to maintain its integrity until a breakout occurs.

Types of Zones Plotted by the Shved Supply & Demand Indicator

This indicator spotlights five different types of supply and demand levels:

Weak Zone (Low-Interest Level)

These zones demonstrate a lack of noteworthy supply or demand, thereby making them unreliable for trading.
Traders should either avoid these zones entirely or exercise extra caution in their trades.

Untested Zone (New Supply/Demand Level)

These zones have only triggered a single powerful price swing, but have not been retested.
They present potential trading openings, but necessitate validation from other indicators.

Verified Zone (Tested Level)

These zones have undergone retesting two or more times, confirming their trustworthiness.
The indicator displays the count of retests directly on the chart.
More retests correlate with a stronger zone.

Proven Zone (Highly Reliable Level)

These represent extensively tested zones where trading activities habitually restart.
Often precipitates notable price movements.
They can serve as robust support or resistance levels before eventual breakdown.

Turncoat Zone (Mirror Level)

These zones were previously either support or resistance, but due to supply and demand fluctuations, they have reversed roles.
Once penetrated, they function as support during a downtrend or resistance in an uptrend.
Highly beneficial for strategies that aim for trend continuation or reversals.

How to Maximize the Shved Supply & Demand Indicator's Effectiveness

Though powerful in isolation, the indicator's efficacy is amplified when paired with additional trading instruments such as:

Other Indicators – Integrate with Moving Averages, RSI, MACD, or Bollinger Bands for affirmation.
Non-Indicator Strategies – Implement Price Action, Candlestick Patterns, Support & Resistance techniques to enhance trade precision.
Trend Analysis – Ascertain whether the market is trending or ranging before deciding on trades.

Why Use the Shved Supply & Demand Indicator?

Automates the identification of vital market levels – Eliminates manual charting.
Operates across all Forex pairs and timeframes – Optimal on H1 and higher.
Provides clear buy/sell zones – Aids in both risk management and trade structuring.
Improves trade precision when synchronized with other tools – Elevates the reliability of confirmation signals.

Irrespective of your trading methodologies, the Shved Supply & Demand Indicator serves as a potent tool in your trading arsenal. It enhances the probability of successful trades by focusing on high-interest market levels, regions where price reactivity is probable.