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    cTrader Supply & Demand Zones


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    Supply and demand zones are visible areas on a Forex chart where the price has been hit many times in the past, unlike our support and resistance cTrader indicator, this resembles zones more closely than precise price lines. A Supply & Demand indicator is a fantastic tool used in cTrader to show on your charts using boxes where a Forex currency may increase or fall in price.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0
    Updated: Saturday, 3 February 2024
    Author: ClickAlgo Team

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    cTrader Software





    The supply & demand indicator is probably one of the most used indicators for trading Forex & other assets as it shows all the price action that has taken place in the past, this will show where many buyers and sellers are waiting for the price to reach these levels to either open new trades, close existing trades or where their stop loss or take profits are waiting.

     

    cTrader Supply & Demand Forex Indicator

     

    How to Trade Supply & Demand Levels

    Traders who use supply and demand usually use the indicator for range trading if the zones are well established, they can incorporate the use of a stochastic indicator or a Relative Strength Indicator to assist in identifying overbought and oversold conditions. After viewing oversold & overbought conditions on a longer-term chart, it is possible to zoom into a smaller time frame to spot an ideal entry.

     

    Custom Parameters

    There are just a few settings for this indicator, the period, supply & demand colours and the opacity, the opacity is the setting for the amount of sharing in the boxes, the higher the period value the more bars back the indicator looks for calculating the price levels. The Line's colour and settings do nothing.

     

    cTrader supply & demand settings

     

    How to use an Automated cBot

    If you wish to use the supply & demand indicator in your automated trading robot then we can help you do this so you can enter or close trades when the asset price touches the zones or if you want to add alerts or new features.

     

    Support & Resistance with Telegram Alerts

    If you need a support & resistance indicator that will send you Telegram alerts when the price of an asset touches the important zones, then we have one in our web store.

     

    How To Install & Remove

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.

     

    Any Questions?

    If you have any questions, please first search our product help forum for the answer, if you cannot find it, post a new question.