PipTick Supply Demand is the best indicator we have ever made. This great tool automatically draws a supply and demand zones which are the best places for opening and closing the positions. It has many advanced features such as swap zones detection, multi timeframe zones support, displaying width of zones, alert notifications for retouched zones and much more. Because of principle of market fractality, this indicator can be used for any kind of trading. It does not matter whether you are positional, swing or intraday trader. PipTick Supply Demand is suitable for everyone, including a scalpers.
What is supply and demand?
The only reason why price moves in the market is because of an imbalance in supply and demand. The greater the imbalance, the greater the move. Understanding where supply and demand zones are will give you a significant edge in your trading.
Supply is a amount of currency that someone is wanting to sell at a certain price (price zone). Supply represents a stack of orders that has to be moved out of the way before we can move to a higher level. On the other hand, if that supply of currency can't be purchased by the market players then the price will start to drop. PipTick Supply Demand indicator marks zones of supply by purple color.
Demand is a amount of currency that someone is wanting to buy at a certain price (price zone). Demand represents a stack of orders that has to be moved out of the way before we can move to a lower level. On the other hand, if that demand of currency can't be purchased by the market players then the price will start to rise. PipTick Supply Demand indicator marks zones of demand by green color.
The indicator shows supply and demand
Simple prediction of market turning points
Two methods of zone calculation
Multi timeframe zones support
Alert notifications for retouched zones
Displaying width of zones
Works on every timeframe (M1, M5, M15, M30, H1, H4, D1, W1, MN)
Customizable parameters (Colors, Text size, Visibility of zones, Periods...)
Excellent results in conjunction with PA and Candlestick patterns
Ideal tool for all kinds of trading (Scalpers, intraday traders...)
Very fast calculation
Can be used for creating EA
Available for MT4 and MT5
ZigZag_Depth - Depth for ZigZag calculation
ZigZag_Deviation - Deviation for ZigZag calculation
ZigZag_Backstep - Backstep for ZigZag calculation
Counting_Methods - Allows to choose between two different methods of zone calculation
TimeFrame_Mode - Allows to choose timeframe for supply and demand calculation
Recolor_Retouch_zones - Allows to enable or disable retouch zones functionality
Visibility_Zone_Width - Allows to enable or disable showing of zone width labels
Zone_Background - Allows to enable or disable zone rectangle background
Large_Zone_Filter - Allows to enable or disable large zone filter according to ATR
ATR_Period - Period for ATR calculation
ATR_Multiple - Multiple for large zone filter calculation
Alert - Allows to enable or disable alert notifications when the zone is retouched
Alert_Notice - Allows to enable or disable displaying alert window when the zone is retouched
Alert_Sound - Allows to enable or disable playing alert sound when the zone is retouched
Text_Size - Text size of the zone labels
Color_Supply - Color of the supply zone rectangle
Color_Supply_Retouch - Color of the supply retouch zone rectangle
Color_Supply_Text - Color of the supply zone label
Color_Demand - Color of the demand zone rectangle
Color_Demand_Retouch - Color of the demand retouch zone rectangle
Color_Demand_Text - Color of the demand zone label
Color_Broken_Zone - Color of the broken zone rectangle
Color_Broken_Zone_Text - Color of the broken zone label
PipTick SD - Indicates when the supply or demand zone is touched. If supply zone is touched by bar the result equals 1. If demand zone is touched by bar the result equals 2. If neither of the condition is not fulfilled then it is empty.