Description
The supply and demand indicator is an indicator that is used to recognize the supply and demand factor in the market model. They are both money tied to ratings and focus on the law of flexibility and demand.
This indicator also shows where flexibility and demand cause a strong increase or decrease and directly indicates the areas of supply and demand. The latter are both monetary conditions that imply the massive presence of buyers or sellers.
The indicator is based on the activity of increasing and wearing out the value in the advertising model, as previously mentioned. the essential idea of this indicator is an exchange that in the area where flexible and demand rates are more entrenched and the cost for them is equally high.
There are two principles of supply and demand in the market.
1. If there is an oversupply of something, the value decreases.
2. If there is a lot of interest in something, at that point the cost increases.
This standard is the equivalent for each stage of exchange. In Forex trading, on the off chance that there is a large amount of interest in cash sets, at that point the cost will increase accordingly and on the off chance that there is an oversupply of cash sets.
Functionality
- Colored supply or demand box
- Customizable box, with the choice of including or not the body of the candle that creates our area.
Parameters
- Depth: Number of candles needed to confirm our zone.
- Includes Bodysuit: Select yes if you want to include the body of the reference candle, or select no to include only the Spike.
- High Color: Choose the color you prefer for all Demand zones.
- Low Color: Choose the color you prefer for all areas of Supply.
- Opacity: Choose the percentage of opacity of six boxes drawn in the Chart.
