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

Buy and sell volume indicators are trend oscillators . It is designed for technical analysis to detect the direction and intensity of supply and demand flows.

This MetaTrader 5 oscillator displays buyer pressure (yellow bars) and seller pressure (pink bars) as a histogram around the zero line. It divides the volume of each candle into buy and sell volumes and calculates the difference.

Buy and sell volume specification table

The table below lists the general specifications of the buy and sell volume indicators :

Indicator Overview

In the Buy and Sell Volume indicator , the buy and sell volumes for each candle are first calculated separately.

Then, by comparing the two components , positive values ​​on the histogram show when purchases dominate , and negative values ​​when sales dominate, visually revealing the actual market pressure.

Uptrend Conditions

The image below shows a price chart of the Dow Jones Industrial Average (DJI) on a 30-minute time frame.

When the histogram bars move into positive areas with significant volume height, it can be a signal to enter a buy position Trading Tools .

downtrend conditions

On the 5-minute chart of Ripple (XRP/USD) , the sell position opportunity is triggered when the histogram bars drop below the zero line and their height exceeds the average volume of the previous period.

Buy and sell volume indicator settings

The image below shows the settings panel buy and sell volume indicator :

• Time range for indicator : Select the time range for calculation
• Periods for smoothing calculation : number of periods for smoothing
• Smoothing methods (such as SMA, EMA, etc.) : Smoothing methods (such as SMA, EMA)
• Trading volume type used (real-time trading volume, real trading volume, etc.) : Trading volume type (real-time trading volume, real trading volume, etc.)
• Enable or disable alerts : Turn alerts on or off
• Trigger alert only on current bar : Enable alert only on current candle
• Show message when alarm is triggered : Show message on alarm
• Play a sound when an alarm is triggered : Play a sound alarm
• Send email notifications about alerts : Email notifications on alerts
• Send push notifications on alerts : Alert Push Notifications

Conclusion

The Volume indicator separates buying and selling volume for each candle. It shows the dominance of buyers (positive bars above zero) or sellers (negative bars below zero) as a trend histogram around the zero line.