MTF Supply Demand Zones can be found in the MQL5 marketplace under the indicators category. We have provided a link to it below just in case there are other indicators with similar names. The indicator was uploaded by Georgios Kalomoiropoulos on the 4th of March 2019, it recently received an update on the 5th of March 2020 and this brought it up to version 2.0.
Overview
MTF Supply Demand Zones is an indicator, it can be sued with the MetaTrader 4 trading platform and will automatically generate supply and demand zones. The zones will be created dynamically and are based on the price action of the markets, there are some additional features such as alerts when the zone is created, zone widths, additional timeframes and buttons to enable the functions of the indicator.
Some advantages of using the indicator:
- Remove emotions from your trading.
- Objectify your trading entries.
- Elevate your profits by taking high probability setups.
- Save time from drawing zones.
- Trade financial markets like a professional.
- Instant multi-timeframe analysis of any market.
Service Cost
The indicator can be purchased for $149, this will get you an unlimited version of the indicator that does not have any limitations. Unlike many other indicators on the MQL5 marketplace, there are no options to rent it, so you are required to purchase it outright as the only option.
There is a free demo version, the site does not indicate what the free version involves or what the limitations of it are, we would still suggest downloading it and trying it out.
Conclusion
There are five different user reviews, they are all positive and give the indicator and overall rating of 5 out of 5.
“I spent years trying to find a solid, reliable supply and demand indicator and I now have to look no further!!! This has been by far the best purchase of any indicator I’ve made in my years trading Forex. This tool will help taking your current level of trading up a few notches right away. I hesitated on making the actual purchase because I figured it would be like any other indicator I wasted my money on but I took the leap of faith and made the purchase. In just a few months, my trading has increased by 20% profitability at least. Georgios is such a breath of fresh air in the scam filled world of Forex trading. No matter what question I may have, he always responds with an answer and always has encouraging words to share. If you are looking for an indicator to take the guesswork out of supply and demand, look no further…just go ahead and click the buy button…you won’t regret it.” – A 5-star review.
“Have recently bought this indicator. I’ve scanned through many pair and have noticed some nice turning point on the 30 min charts. Easy to use and very happy with my purchase.” – A 5-star review.
The reviews are all incredibly positive, there are also a number of comments, the developer has been replying to them in a prompt manner which is a good sign as to the kind of support that you will receive should you decide to purchase it. We would still recommend trying out the free version and sending andy questions to the developer just to make sure it is the right indicator for you, do this prior to making a purchase.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/36409
