Supply and demand indicator.

Sometimes, analyzing the supply and demand of a currency on Forex allows one to understand the current situation in the Forex market. Obtaining reliable data for this purpose is quite difficult, so a specialized indicator is usually used for this purpose.

The supply and demand indicator allows you to build a bid and ask channel and track how changing trends affect the supply and demand situation for currency.

After conducting an analysis, you can sometimes draw completely unexpected conclusions, which allows you to use the identified patterns in your future Forex trading.

It's difficult to assess the practical usefulness of this tool, but perhaps some traders will find it useful.

Installing the Forex indicator follows a standard procedure; after restarting the terminal, it's practically ready for use; all you need to do is add it to the chart of the desired currency pair.

The only caveat is changing the color of the vertical lines. By default, they appear black, so if your terminal background is also black, merging will occur. In my case, I changed the color to red. However, you have to change the color for each Forex time frame , and sometimes repeat this process.

After installing and making changes to your working chart, you'll see that each candlestick now has additional shadows. I wasn't able to discover the logic behind these changes, but perhaps someone else will be able to.

Download the supply and demand indicator .