Rectangle Reader indicator for Metatrader 4

how to trade stocks for beginners

I have the pleasure to communicate you that version 12 of Rectangle Reader supply and demand rectangle extender indicator for Metatrader 4 has just been released. It supports latest Metatrader 4 Builds 600 and higher, you just need to copy it to the right folder (folder structure changed, copy it to MQL4/Indicators).

Some of the new features are:

  • It will show a 50% line of the curve for Monthly, Weekly and Daily timeframes, you choose which one you want to display
  • It shows freshness of the higher timeframe levels on the upper right corner next to the curve percentages
  • It calculates the risk to be taken on each supply and demand zone based on percentage risk parameter, spread, padding pips and wiggle room pips. By doing so, you will be able to plan your supply and demand limit orders faster since the lots calculation together with wiggle room and padding will be done for you automatically on each supply and demand level

The new indicator is only available for now to subscribers of Set and Forget Supply and Demand Trading Community.

This video shows in more detail the new features added to version 12 of the Rectangle Reader supply and demand rectangle extender indicator for Metatrader 4.

Happy trading to you all!


  1. What I write is enough. The video explains how one of my indicators work, needed for others to understand how it works. I am not wasting my time or “intelligence”, I am helping others understand how the the indicator works. Giving us something informative to read? There are hundreds of posts in the blog, eBook, etc? What do you want me to do? Write a Bible? 🙂 If that’s not enough, then you should look for information somewhere else because you are insatiable.

  2. nayan says:

    where can i get the rectangle reader indicator for pine editor….. can you help

  3. ammarqadah says:

    where can i get the rectangle reader indicator for mt4

  4. Edward Thobela says:

    how do i download the rectangle extender after subscribing
    please assist

  5. Edward Thobela says:

    Still I’m having difficulties to download the rectangle reader even when i use the confirming subscription to re directing tool still it says Oops error
    Please assist my leader

  6. Jayson Batbatan says:

    Please post download link. Thanks

  7. Rafiq Imtihan says:

    thank for indicator

  8. Osman says:

    Lütfen indirme bağlantısını gönderin. Teşekkürler

  9. Daniil says:

    Hello dear Alfonso! I have been following your progress for a very long time and express my deep gratitude for putting my brains in my place! I dream of subscribing to your private club once, I’m sure I will soon be able to buy a subscription. I’m good at trading according to your method. I ask you to share with me the Rectangle extender indicator so that I can use it in Forex Tester 4. Once again, thank you so much for everything what you do!

  10. HamidTrader says:

    I have been using Rectangle Reader V3.3 indicator for a while, Recently I have been facing the problem of missing candle in the chart which leads to gpas. this problem persist even after trying many ways including refreshing, clearing the history, changing server and etc. Interestingly this problem comes out only when I am working with Alpari broker though other brokers seems to have no such problem (I have tried this myself and also asked a few friends of mine). anybody can help me out?

    • I wish I could help but the indicator hasn’t been updated for years. It’s being used by members of Set and Forget and no weird errors have been reported. It’s no longer being updated since I no longer use Metatrader. It seems to me that the problem is not related to the indicator but to the broker, you said it yourself in your comment!

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