Advanced Supply and Demand Indicator
The Advanced Supply and Demand Indicator helps traders identify key price levels where supply and demand shifts occur, often indicated by zones where price tends to reverse. To trade using this indicator, first, identify significant supply and demand zones on the chart, which are areas where price has previously reversed sharply. When price approaches these zones, watch for confirmation signals such as candlestick patterns, volume spikes, or divergence with momentum indicators. Enter trades when price shows rejection from these zones, setting stop-loss orders just outside the zones to manage risk. Finally, establish profit targets based on previous support and resistance levels or expected price movement within the trend. Always ensure to practice good risk management.
