Buy and Sell Volume Indicator Download for MetaTrader 4 | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources

The Buy-Sell Volume indicator is a trend oscillator in technical analysis that determines the direction of price movement by isolating and analyzing volume data to identify the strength of buyers and sellers .

In the MetaTrader 4 platform, the indicator is displayed as a histogram around the Zero Line :

• Green bars represent increasing Buy Volume pressure in each time interval.
• Blue bars indicate selling volume pressure within each time interval.

Buy and sell volume specification table

The general specifications of Buy Sell Volume Trading tools are shown in the following table:

Indicator Overview

In the Buy Sell Volume indicator, Buy and Sell Volume are first calculated separately.

Then, by comparing these two values, if the buying volume pressure increases , the histogram has positive values ​​(bars above the zero line); if sales dominate , the histogram has negative values ​​(bars below the zero line).

Uptrend Conditions

On the AUD/CHF chart, whenever the oscillator enters high positive areas and other bullish technical signals are confirmed, the indicator defines potential entry points for buy trades .

downtrend conditions

The chart below shows the price chart of USD/JPY on a 15 minute time frame .

When the histogram bars fall below the Zero Line and their height exceeds the average volume of the previous period, it may indicate a suitable condition to enter a sell position .

Buy and sell volume indicator settings

The setting panel of the buy and sell volume indicator is as shown below:

• Smoothing period number : displays the smoothing period number
• Moving average for smoothing : type of moving average used
• Enable alerts : Activate alerts
• Enable alert for current (open) bar : Activate alert for current (open) candle
• Show pop-up message for alert : Show pop-up alert message
• Play sound alerts : Play sound alerts
• Send push alerts : Send push alerts
• Send alert email notification : Send email notification

Conclusion

The Buy Sell Volume indicator divides the volume of each candle into Buy and Sell and shows the dominance of buyers (positive bars above zero) or sellers (negative bars below zero) in the form of a trend histogram near the zero line.