The Supply and Demand Dashboard: A Comprehensive Trading Tool for Market Analysis

The Supply and Demand Dashboard is a highly effective trading tool powered by the Supply and Demand Indicator. It’s designed to work across multiple symbols and up to nine timeframes, providing traders with a broad view of market conditions. With its advanced features and customizable settings, the dashboard delivers valuable insights and alerts that can significantly enhance the trading experience.

Key Features of the Supply and Demand Dashboard

• Filtered Supply and Demand Values: The dashboard displays filtered supply and demand values, along with a zone strength rating, helping traders pinpoint significant zones with high price movement potential.
• Pip Distances to and Within Zones: It shows the distance in pips to and within supply and demand zones, offering essential data for planning entry and exit points.
• Highlighted Nested Zones: Highlighted nested zones make it easier to identify confluence areas and potential reversal points.
• Zone Strength Rating: A special strength rating is displayed with a yellow number when a minimum strength level is reached.
• New or Tested Zones: An “N” indicates untested or new zones.
• Nested Zones: Background highlights show if a zone is nested within a higher timeframe zone, with nested and new zones displayed in bold.
• Multiple Alerts: The dashboard provides four types of alerts for chosen symbols across all nine timeframes: new zone appearance, price entering a zone, price leaving a zone, and zone breakage. Alerts can be filtered for nested zones, specific timeframes, and selected symbols.:
• A new zone appeared.
• Price entered a zone.
• Price left the zone.
• The zone is broken.

The Supply and Demand Dashboard isn’t a standalone trading system but can be an excellent addition to your chart analysis for locating trade exits, setting TP/SL positions, and more. While suitable for all trading experience levels, practicing with an MT4 demo account is recommended until consistent results are achieved.

This versatile indicator works across all currency pairs, stocks, commodities, cryptocurrencies, metals, oil, and gas. It’s compatible with all timeframes, making it useful for various markets.

Visual Features of the Supply and Demand Dashboard

• Prices for Supply and Demand: The display includes the supply upper/lower prices and demand upper/lower prices.
• Pip Distances: Shown in green when the price is far from the zone and in pink and bold when it enters the zone.
• Chart Integration: The sub-window can be dragged down to view the chart. Clicking on symbol names changes the chart, with timeframes color-coded to indicate whether zones are new or tested.

Benefits for Traders

• Optimal Entry Levels: Improve your chances of success by entering trades within or near strong supply/demand zones.
• Strategic Stop Loss Placement: Place stop losses above or below strong zones for maximum safety.
• Effective Profit Targets: Use higher-timeframe zones to set profit targets for buy/sell trades, ensuring favorable risk/reward ratios and higher profitability

Conclusion

The Supply and Demand Dashboard offers a robust and versatile market analysis tool for traders. By leveraging its advanced features, traders can make informed decisions, optimize entries and exits, and enhance their trading strategy. With its high configurability and wide-ranging compatibility, this dashboard is a valuable addition to any trader’s toolkit.