The Shved Supply & Demand Indicator is a trend-following tool for MT4 and MT5. Also, it plots directional context straight on the chart so you can stay on the right side of the move and filter out counter-trend noise. Alerts fire the moment the trend read flips.
For more like this, browse the more trend indicators for forex or jump to the full MetaTrader indicator hub.
What the Shved Supply & Demand Indicator does on the chart
Under the hood the indicator uses standard math you know. It plots one clear layer. It does not call external libraries. Indeed, it does not slow down the chart.
The Shved Supply & Demand Indicator reads price, volume, and recent bar structure. Still, it plots the result on the chart. You can read it at a glance. Thus, it is built for MT4 and MT5. You drag it onto any chart in one step.
Key features and settings
- Plots a directional reference line on the chart
- Configurable period and method (SMA, EMA, or HMA where applicable)
- Optional colour change on direction flip
- Designed to stay out of the way until the trend changes
- Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled independently from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
- Built for MT4 and MT5; works on every timeframe the platform supports.
- Lightweight code that does not slow down the chart.
| Setting | Description | Recommended default |
|---|---|---|
| Period | Lookback length used to compute the trend reference | 50 |
| Method | Smoothing method for the reference line (SMA, EMA, HMA) | EMA |
| Color flip | Change colour when the direction flips | On |
| Color theme | Switch between dark and light chart palettes | Dark |
| Show on chart | Toggle the on-chart visual without removing the indicator | On |
How to read signals from the Shved Supply & Demand Indicator
The Shved Supply & Demand Indicator highlights the dominant direction over the chosen lookback. Hence, a typical workflow looks like this.
Entry idea (long). Wait for price to pull back to the reference line and resume higher with a strong-bodied candle. Next, wait for the bar to close. Intra-bar values can shift.
Entry idea (short). Wait for price to pull back to the reference line from below and continue lower with a strong-bodied bearish candle. The same close rule applies.
Exit idea. Some traders take partial profit at one R and trail the rest with structure. Some traders trail with structure. Others trail with the indicator itself.
These are concepts, not rules. Then, backtest on your instrument and timeframe before live capital.
Tuning the Shved Supply & Demand Indicator inputs
Start with the defaults, then tune for your market. PivotLookback (default 3) tunes how the calculation behaves; MaxZones (default 60) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones; ZoneExtendBars (default 220) sets the averaging length — raise it for smoother, slower signals or lower it for faster, more sensitive ones. Yet, every alert channel — pop-up, sound, email and mobile push — toggles independently in the same inputs panel, and alerts fire once per closed bar.
Recommended timeframes and instruments
Shved Supply & Demand Indicator maps supply, demand and key levels, which are cleanest on higher timeframes.
- H4 and Daily to map the levels that matter.
- M15 to H1 to time entries off those levels.
Mark the higher-timeframe zones first, then drop down for the entry. Truly, most useful on EURUSD, GBPUSD, USDJPY and XAUUSD.
How to install on MT4 and MT5
Installation is the same for every indicator on this site. Plainly, unzip the download, copy the compiled .ex4 into your MT4 MQL4/Indicators folder (or the .ex5 into MT5 MQL5/Indicators), refresh the Navigator, then drag it onto the chart. For the full step-by-step with alert setup and troubleshooting, see our guide to installing MT4 and MT5 indicators.
Best practices and tips
- Mark higher-timeframe zones first and trade reactions, not the raw level.
- Look for a rejection wick or momentum shift before entering at a zone.
- Wait for the bar to close before acting on a signal.
- Backtest your configuration on at least 200 closed bars before trading live.
- Keep position sizing small while you learn how the tool behaves on your instrument.
- Review your results weekly and prune settings that underperform.
Get the Shved Supply & Demand for MT4 and MT5
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Related on forexmt4systems.com: Supply and Demand Strategy.
Built by forexmt4systems.com
This Shved Supply & Demand Indicator is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Indeed, every tool ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files, a 4-channel alert system (popup + mobile push + email + sound), and is loaded on EURUSD H1 before release to confirm it draws cleanly without repainting. The same one-step email opt-in below unlocks the entire library – not just this one indicator.
FAQ
What does the Shved Supply & Demand measure?
It plots a clear signal layer that the Shved Supply & Demand computes from recent price and volume on the chart.
Is the Shved Supply & Demand Indicator non-repaint?
By default the indicator only confirms a signal on the bar close, so the printed signal locks once that bar closes. Still, some users prefer the early intra-bar mode for faster signals — both options are in the inputs.
Which timeframe should I use?
There is no single best timeframe. Thus, m15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the configuration on the timeframe you actually trade.
Does it work on instruments other than forex?
It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Hence, fast-moving instruments may need a smaller period setting.
Working it into your routine
Can I add alerts?
Yes. Next, Pop-up, sound, push, and email alerts switch on or off from the inputs. On MT4 and MT5 the alert plays on the bar close that triggers the signal. Then, the Shved Supply & Demand Indicator ships with full alert functionality built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts, and a sound alert with a configurable .wav file. Each channel switches independently from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Yet, alerts trigger once per closed bar.
For external background reading, see the background reading on moving averages. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the Shved Supply & Demand Indicator as one input. Always backtest before trading live.
Authoritative references
- Learn more about support and resistance.
- General background on technical indicators.