LMBFZones

A fast indicator that quickly identifies zones of supply and demand, with complete flexibility of which zones are displayed on which time frame. Comprehensive backtesting functionality included.

The LMBFZones indicator is an efficient and adaptable indicator with a primary purpose to display potential zones of supply and demand on your Metatrader 4 charts, but with the capability to go much further, including complete backtesting capability.

Key features:

In Standard mode

(see part 1 of video)

  • Zones calculated for all time frames from M1 to MN1

  • The latest line of support or resistance calculated for all timeframes

  • Provides complete flexibility to change which time frame zones appear on your current chart. There is no limit to what combination of zones can be displayed, For example:

    • show daily and current time frame zones only

    • show lower time frame zones only

  • Gives visual clarity of timeframe for zones by colour

  • Easy to increase or decrease the time frame of zones shown on your chart with a single key-stroke.

  • For any chosen time frame, use a single key to filter zones

    • toggle supply and demand zones on or off

    • display only zones in line with the trend

    • merge overlapping zones, or hide the zone closest to the current price

    • hide zones that have already been retested at least once

  • For selected time frames, add/remove fill for zones to provide greater visibility on your charts.

  • Display recent support/resistance for the chart time frame.

  • Temporarily hide any displayed zone just by double-clicking on it

  • Toggle the display of all zones on/off with one keystroke

  • Continuously see an indication of the trend across all time frames from W1 to M15

  • Whilst the markets are open, see what the time is in each of the major zones (Tokyo, London, New York) - automatically configured and adjusted for daylight savings.

  • Display zone labels that include lot size calculation based on parameters of account balance and percentage risk set for the indicator

  • Remove the indicator completely with a single keypress.

  • On-screen menu of shortcut keys available to toggle on/off

In Backtest mode

(see part 2 of video)

  • All of the features available in standard mode also present in backtest mode

  • Double click any candle to view zones and S&R as of that time

  • Step back or forward in time candle-by-candle on the chart

  • Step back or forward in time, candle-by-candle on a smaller time frame and see smaller time frame zones as they come and go.

  • Candles from the future hidden from view to give a more realistic chart display.

  • Display of what the time is in each major zone updated based on the backtest candle time.

  • Display of trend for each time frame updated based on the backtest candle time.

Chart Annotations

Refer to the diagram below:

  1. Local time for Tokyo, London, New York and your local area (based on computer time).

  2. Current and next higher time frame trends

  3. Trends for all time frames from W1 down to M15

  4. The currently selected period (e.g. for hiding/displaying zones or adding filters)

  5. A list of filters or settings currently applied to the chart

  6. A list of the zone time frames being displayed on the chart

  7. Line of recent support or resistance (thick line protruding out to right)

  8. An untested zone (drawn with thick solid lines)

  9. A zone that has been retested at least once (drawn with thin solid lines)

It's possible to toggle the menu on or off any time the indicator is loaded on the chart by pressing the key with "?" on it. The following menu items will be listed:

  • C - Display on/off

  • H - Show next HTF zones

  • L - Show next LTF zones

  • T - Zones With trend only

  • D - Demand zones on/off

  • S = Supply zones on/off

  • M - Merge overlapping zones

  • O - Ignore overlapping zones

  • < - Select lower TF

  • > - Select higher TF

  • Z - Zones on/off for TF

  • X - S/R on/off for TF

  • R - Retested zones on/off for TF

  • F - Shade zones on/off for TF

  • Mouse double click on zone - hide zone

  • -------------------

  • B - Backtest mode on/off

  • < - Go back a candle

  • > - Go forward a candle

  • Mouse double click on candle - go to candle

  • -------------------

  • ? - Menu on/off

  • ' - Labels on/off

  • 0 - Reset indicator

  • Q - Delete indicator