Blahtech Supply Demand it an indicator that can be located on the MQL5 marketplace, they may be others with similar names so we have provided a link below. The indicator was created by Blahtech Limited, it was first released on the 4th of January 2016, it has been updated a few times since then, the most recent update was on the 17th of October 2019 and is currently at version 3.1.
The Blahtech Supply Deman is an indicator that can be used with the MetaTrader 4 trading platform. The indicator uses previous price action in order to identify potential imbalances between buyers and sellers. It will not only highlight the higher probability zones using multiple criteria, but it will also combine it with multi-timeframe trend analysis.
The Blahtech Supply Demand feature list:
- Multi-timeframe display
- Backtest directly on the chart
- Summary panel
- Multi-timeframe trend analysis
- Confirmed swings (high and low QPoints)
- Zone strength engine (seven criteria)
- Advanced level detection (peaks, consolidations, drop-base-drops)
- Quarterly and Yearly levels
- Control of overlapping levels
- Configurable level information
- Fast access hot-keys
- Engulfing detector – Multi-timeframe
- Visibility Filters (customizable)
- Old zones (broken levels or trend changes)
- A highlight of Nested zones
There is also a range of settings that can be changed to slightly alter the way that the indicator functions, these include things like Q Points, timeframes, hot eys, the strength engine, visibility filters, old zones, alerts, and more.
The indicator will cost you $149 to purchase, this will give you unlimited access to it, should you prefer, you are also able to rent it, you can rent if you one month which will cost you $30, or you can rent it for 3 months which will cost you $40. There is also a limited free version available, this will allow you to use it on demo accounts and not on live accounts.
There are 23 reviews available for the Blahtech Supply Demand indicator, these reviews have resulted in it receiving a rating of 5 out of 5.
“Excellent indicator ….. a must for any supply-demand trader …… the backtest mode is a great tool …… thanks for the developers” – A 5-star review.
“Best SD indicator ever. Zero lag on CPU despite a boatload of useful features. Backtest mode is the bomb. You can tell these guys know what they’re doing. Highly recommended if you’re an SD trader” – A 5-star review.
“Isn’t any better than the free ones out there. Certainly isn’t worth $200” – A 2-star review.
So not everything is perfect but the majority of reviews seem to indicate that the indicator is working well and doing what it is supposed to, there are also a lot of comments, the creator seems to be replying to them pretty quickly which is a good sign for you customer service that you may receive. As always, be sure to download the free demo version, just to make sure that you are able to get it to work and that it suits your needs prior to making a purchase.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/13712