MT4 Indicator - Sam Seiden Support & Demand Levels


The idea of supply and demand zones have been used profitably and successfully in manual trading for decades by many experienced professional traders. Idea of S&D zones apply to all market and timeframes, but emphasis for accuracy is on + H1 frames. I my opinion S&D zones are the single most import guide or ‘indicator’ to base all of my trades on independent of the trade duration, strategy or position size. I also think that Sam Seiden has been most successful in defining the S&D zones and I have been using his strategy successfully for manual trading for a while now.

Who am I looking for:

First of all I’m looking for an experienced programmer with good knowledge of MQL and MT4 programming as well as interest and experience in developing and programming MT4 indicators and EA’s. The compensation for this project might not be in par with the overall challenges and workload of this project, mostly due to the difficulty of exactly identifying the detailed project outline and specifying the amount of work required to finish this project. Therefore the programmer involved should also have personal interest to develop this indicator! This personal dedication and interest toward the project will make it more likely for us for succeed together.

Project in short:

I’m looking to build an indicator as close as possible to the original Sam Seiden idea of support and demand levels. The indicator idea is to look at pure price action to determine S&D zones based on fairly simple rise-base-rise, rise-base-drop, drop-base-drop and drop-base-rise zones with rise-base-drop and drop-base-rise zones being the primary strong S&D zones and the drop-base-drop and rise-base-rise secondary (semi-strong) S&D zones. The biggest challenge of this project is to define fairly subjective and visual rules into code, so that indicator is not too selective and on the other hand will find enough zones and allow some tolerance.

Indicator will be used as basic logic on most of my automated systems and will be incorporated into my core EA template. However this is not part of this project outline, and I’m only mentioning this because I am also willing to consider sharing my template with the person participating in this project.

I apologize for being so vague on the project specifications, but I hope to find someone on this site who would be interested to take on this project with me. I can also code MQL myself, but this project requires more complex programming skill than I have,

I have also attached a S&D indicator ([url removed, login to view]) that is available on forums. However this indicator fails to correctly identify the S&D zones, however it could work as a good starting point for this project. Indicator has been modified to provide better info for an EA than the original one. I also like the way it draws the S&D zones. Primary zones could look like the ones drawn by this indicator and the secondary zones on different buffers with another color.

Resources for Project Specifications

Good Videos on the subject (FxStreet videos are by Sam Seiden):

Supply / Demand and Odds Enhancers - Part 1: Foundation

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Supply / Demand and Odds Enhancers - Part 2: Foundation

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Supply / Demand and Odds Enhancers - Part 3: Application

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Supply and Demand Strategy Application

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Forums on the subject:

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About Sam Seiden:

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I have added some material explaining the Supply & Demand Zones. Word document is just a random collection of good screen shots and Sam's seminar materials

Skills: Metatrader

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About the Employer:
( 6 reviews ) Espoo, Finland

Project ID: #2558460

8 freelancers are bidding on average $463 for this job


HI, I am expert in making EA and CI for MT4. Check PMB for details.

$250 USD in 3 days
(37 Reviews)

Please see your PMB for my detailed message.

$500 USD in 3 days
(15 Reviews)

I am very interested in the project. Please check my reviews and your PM.

$250 USD in 15 days
(40 Reviews)

Our team of experienced MQL developers can do it professionaly

$250 USD in 2 days
(10 Reviews)

hello, please see the PM for details.

$750 USD in 10 days
(4 Reviews)

Please see PM.

$250 USD in 10 days
(3 Reviews)

Hello, I have a couple of guys who would be perfect fit with significant experience in development of financial software and MT4 indicators. Some examples of our work: [url removed, login to view] We would be glad t More

$250 USD in 1 day
(0 Reviews)

I know exactly what you need. Please see pm for details.

$1200 USD in 4 days
(0 Reviews)

Hello I would like to try make this project with you. No milestone really required. If you want to do I need to study a little (one day) about Sam Seiden S&D Levels. Hope we can do some work. Regards.

$250 USD in 5 days
(0 Reviews)