Forex Shved Supply Demand Indicator 2
This Old Kings indicator for MetaTrader 4 is called Forex Shved Supply Demand Indicator 2. Its name points to supply / demand zones. In the code it works with ATR. It draws arrows on the chart and can send alerts. It has 40 settings, for example Back Limit (default 1000), pus1 (default ////////////////////////) and zone show weak (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 2 indicator files with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About Forex Shved Supply Demand Indicator 2
Forex Shved Supply Demand Indicator 2 is an indicator for MetaTrader 4 based on ATR. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 40 settings, such as Back limit, Pus1 and Zone show weak. MQL source code included.
Files in the download: installation manual.txt, Shved-Supply-and-Demand-e600(1).ex4, Shved-Supply-and-Demand-e600(1).mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Back limit | 1000 | |
| Pus1 | //////////////////////////////////////// | |
| Zone show weak | true | |
| Zone show untested | true | |
| Zone show turncoat | false | |
| Zone fuzzfactor | 0.75 | |
| Pus2 | //////////////////////////////////////// | |
| Fractals show | false | |
| Fractal fast factor | 3.0 | |
| Fractal slow factor | 6.0 | |
| Set globals | true | |
| Pus3 | //////////////////////////////////////// | |
| Zone solid | true | |
| Zone linewidth | 1 | |
| Zone style | 0 | |
| Zone show info | true | |
| Zone label shift | 4 | Bar shift (0 = current bar) |
| Zone merge | true | |
| Zone extend | true | |
| Pus4 | //////////////////////////////////////// | |
| Zone show alerts | false | Turn this alert on or off |
| Zone alert popups | true | Turn this alert on or off |
| Zone alert sounds | true | Turn this alert on or off |
| Zone alert waitseconds | 300 | Turn this alert on or off |
| Pus5 | //////////////////////////////////////// | |
| Text size | 8 | |
| Text font | Courier New | |
| Text color | White | Colour on the chart |
| Sup name | Sup | |
| Res name | Res | |
| Test name | Retests | |
| Color support weak | DarkSlateGray | Colour on the chart |
| Color support untested | SeaGreen | Colour on the chart |
| Color support verified | Green | Colour on the chart |
| Color support proven | LimeGreen | Colour on the chart |
| Color support turncoat | OliveDrab | Colour on the chart |
| Color resist weak | Indigo | Colour on the chart |
| Color resist untested | Orchid | Colour on the chart |
| Color resist verified | Crimson | Colour on the chart |
| Color resist proven | Red | Colour on the chart |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Supply & Demand · Buy/Sell Arrows · Alerts · ATR · MT4 Indicator · MQL4 Source Code