Demand and Supply Trading Strategy AFL Free Download

Hey, traders are you looking for best demand and supply trading strategy? So in this article today you will get to know about best price action supply and demand trading strategy.

Lets get started,

What is Demand and Supply Zones?

Demand and supply trading strategy is highly used strategy by pro traders. This will guide you regarding exact reversal points on the charts.

One can easily analyze stock movement based on this demand and supply zones.

Demand Zone

This is the area where we can say that more buyers are waiting to purchase the entity. Thus creating demand on the point.

As demand increases the price will move up from that zone.

Its also called support zone where falling stock or scrip may take pause and get reverse due to buyers demand

Supply Zone

Supply zone is also known as resistance area where stock or script after bullish move likely to take stoppage and may get reverse.

Over the supply zone sellers are aggressive to sell the entity and thus can find reversal from that zones

This used as indication for selloff

Apply Demand and Supply Trading Strategy in Trading

This strategy will plot separate demand and supply zones on chart. Also trend channels will be plotted along side the candles.

Upper channel will be referred to resistance line and lower channel will be treated as support channel lines

When either side candle crossed and closes above the channel line you will treat this as signal for breakout.

Like, if candle close above upper resistance line then breakout for buy and if candle close below lower support line then its breakout for sell

Similarly,

When supply zones are broken then its indication for buy and demand zone if broken then its consider as sell

AFL Code for Amibroker Free Download Steps

Click on below link to download the amibroker AFL file

Demand and supply amibroker afl code download file

Next extract the zip and copy the code from notepad file with name demand-supply.afl

Go to amibroker and then paste code in new formula under charts tab as mentioned below.

You can also rename the file. That’s it.

Now you can open it from charts tab by double clicking on the file.

Final Takeway

So we have discussed the supply and demand trading strategy for intraday traders. Also we got to know how to download and get it AFL installed on you amibroker system.

Thanks for reading article !!