Why you need the BG Supply Demand Indicator.
Designed for analyzing the financial markets with both the novice and expert trader in mind, BG Supply Demand displays areas of support and resistance, and assists in identifying market rotation and cycles, trends, supply and demand, swings, turning points, break outs, and determining specific areas of interest.
A Supply/Demand level is a level where the price tends to find support as it rises/falls. This means the price is more likely to “bounce” off this level rather than break through it. However, once the price has breached this level, by an amount exceeding some noise, it is likely to continue rising or falling until meeting another supply/demand level.
Our super indicator discovers supply/demand zones by searching for large moves happening within a very short period It allows you to fully define criteria of a large move.
Supply/Demand Discovery is extremely helpful for many common trading styles:
* Reversal trading: If a false breakout occurs, the odd for seeing a successful reversal is very high.
* Support and resistance: Supply and demand zones are natural support and resistance levels.
* Stop loss and take profit: Always place your profit target ahead of a zone and set your stop order behind a zone.
- Works on any timeframe.
- Works on any market.
- Works on any bar-type.
- Works with any NinjaTrader license.