Aurora FX Indicator for MetaTrader 4: Automatic Supply and Demand Zone Detection
The Aurora FX Indicator for MetaTrader 4 (MT4) is a powerful tool designed to automatically detect and highlight key Supply And Demand zones on your trading charts. By identifying these critical price levels, it helps traders anticipate potential market reversals or trend continuations, giving them a strategic edge in forex and other markets.
Key Features of the Aurora FX Indicator
Automatic Zone Detection: Green rectangles mark strong demand/support zones, and red rectangles highlight supply/resistance areas.
Signal Filtering & Alerts: Real-time notifications help traders act on significant price interactions.
Visual Markers: Arrows and symbols indicate active trading signals for easier decision-making.
Sentiment Panel: Displays the count of long and short signals to quickly gauge market bias.
How It Works
The indicator calculates zones based on Price Action and candle formations, highlighting areas where the market is likely to react:
Demand Zones (Green): Indicate strong buying areas where price may reverse upward.
Supply Zones (Red): Highlight resistance levels where price may face selling pressure.
Active Signals: Arrows appear as price approaches these zones, showing potential entries for zone rejections or breakouts.
Market Bias Overview: The built-in panel provides a snapshot of current long and short positions, helping traders make informed decisions quickly.
This systematic approach helps traders focus on high-probability setups, reducing the guesswork often associated with manual zone analysis.
Benefits for Traders
Simplified Chart Analysis: Automatic detection eliminates manual zone drawing.
Enhanced Accuracy: Zones are calculated using price and candle formations for reliable signals.
Real-Time Alerts: Stay on top of potential trades without constantly monitoring charts.
Visual Clarity: Color-coded zones and markers improve readability and decision-making.
Market Sentiment Insight: Signal panel helps understand Trend Strength and bias.
Conclusion
The Aurora FX Indicator is an essential tool for traders who rely on supply and demand dynamics. Its automatic zone detection, live alerts, and intuitive visual interface simplify technical analysis while maintaining accuracy. Whether planning entries, exits, or monitoring market sentiment, Aurora FX offers a comprehensive solution for structured trading and smarter decision-making.
