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Candlestick buy/sell volume indicator?

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santos2301
224
santos2301 2013.10.31 19:04 
Is there some indicator that will tell me which way the current candlestick is more likely to go, i.e which side the money is most on buy or sell.
Simon Gniadkowski
Moderator
18002
Simon Gniadkowski 2013.10.31 19:09  
santos2301:
Is there some indicator that will tell me which way the current candlestick is more likely to go, i.e which side the money is most on buy or sell.
Have you turned on Depth of Market ?
Shohug Shaheen
1251
Shohug Shaheen 2013.12.06 09:41  
santos2301:
Is there some indicator that will tell me which way the current candlestick is more likely to go, i.e which side the money is most on buy or sell.


There are two indicators. One is a Raw Buying and selling pressure Indicator.  The Raw buying and selling indication is provided in terms of a Histogram. Green bars above zero show the buying pressure and the red bars below the zero line show the selling pressure.  This presents a good visual representation of the dominating pressure.

The second is a smoothed version with version with a yellow line representing the selling pressure and a turquoise line which represents the Buying pressure. If the turquoise line is above the yellow line it would mean that the Buying pressure is more and vice versa. The difference between the two is plotted as a Histogram. This is a cumulative value of the buying and selling pressure and provides a easy visual presentation of the dominating pressure. These two indicators can easily compliment your main strategies like Volume Spread Analysis..

  1. BASP Smoothed with Histogram
  2. BASP Raw

Here is the Image of two AFLs.


Credit: (www.stockbangladesh.com)

Tiyanto Tiyan
1229
Tiyanto Tiyan 2013.12.14 06:20  
waaw amazing... good indicator.. i will use..
Rex Velos
830
Rex Velos 2013.12.14 15:23  
ib.ironfx:
waaw amazing... good indicator.. i will use..
is this indicator for free?
Simon Gniadkowski
Moderator
18002
Simon Gniadkowski 2013.12.14 18:36  
forrexnibai:
is this indicator for free?
If you use Amibroker then you can get them . . . 
Simon Gniadkowski
Moderator
18002
Simon Gniadkowski 2013.12.14 18:37  
saminnaf:


  1. BASP Smoothed with Histogram
  2. BASP Raw

Here is the Image of two AFLs.


Credit: (www.stockbangladesh.com)

Your post if off topic for this forum,  why are you recommending AFL indicators on a MT5 bsed forum ?
Tiyanto Tiyan
1229
Tiyanto Tiyan 2013.12.16 01:39  
I was sell for Euro - Jpy !!!
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