Forex Shved Supply Demand Indicator
Forex Shved Supply Demand Indicator is an indicator for MetaTrader 4 from the Old Kings collection. Judging by its name, it is built around supply / demand zones. Its source code uses 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). Load it on a demo chart and check whether its signals repaint before trusting them. Inside: 1 indicator file 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
Forex Shved Supply Demand Indicator 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.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