Buy Sell Volume Indicator MT4
- Indicators
- Eda Kaya
- Version: 2.1
Buy Sell Volume Indicator MetaTrader 4
The Buy Sell Volume Indicator is a trend-based oscillator designed for the MetaTrader 4 platform. It separates and evaluates buy-side and sell-side volume independently to assess market pressure and trend direction. This indicator presents its output as a histogram around the zero line, offering visual clarity on volume dominance within each timeframe.- Green bars indicate increased Buy Volume pressure.
- Blue bars indicate increased Sell Volume pressure.
«Indicator Installation & User Guide»
MT4 Indicator Installation | Buy Sell Volume Indicator MT5 | ALL Products By TradingFinderLab | Best MT4 Indicator: Refined Order Block Indicator for MT4 | Best MT4 Utility: Trade Assistant Expert TF MT4 | TP & SL Tool: Risk Reward Ratio Calculator RRR MT4 | Prop Firm Protector: Trade Assist Prop Firm Plus TF Expert MT4 | Money Management + DrawDown Protector: Trade Panel Prop Firm Drawdawn Limiter Pro MT4
Buy Sell Volume Specifications Table
Category | Trading Tool – Oscillator – Volume Trading |
Platform | MetaTrader 4 |
Skill Level | Intermediate |
Indicator Type | Continuation – Reversal |
Timeframe | Multi Time Frame |
Trading Style | Intraday Trading |
Trading Market | All Markets |
Indicator Overview
The indicator first calculates Buy and Sell volumes separately. It then compares the two values to determine market pressure:
- When Buy Volume exceeds Sell Volume, the histogram plots positive bars above the zero line, indicating bullish strength.
- When Sell Volume exceeds Buy Volume, the histogram plots negative bars below the zero line, suggesting bearish pressure.
This separation enables traders to interpret market sentiment based on real volume dynamics.
Uptrend Conditions
In the AUD/CHF chart, whenever histogram bars appear well above the zero line and align with other technical confirmation signals, the indicator provides a potential setup for initiating long positions. High positive values suggest strong buyer presence and upward price momentum.
Downtrend Conditions
In the USD/JPY 15-minute chart, when the histogram bars fall below the zero line and display significant height—exceeding average recent volume levels—this suggests intensified selling pressure. It may offer favorable conditions for short entries when supported by additional bearish signals.
Buy Sell Volume Indicator Settings
Setting | Description |
Number of periods for smoothing | Defines the smoothing period length |
Moving average for smoothing | Selects the moving average type |
Enable alerts | Turns on alert notifications |
Enable alerts for the current (open) bar | Enables alerts for the current candle |
Display pop-up messages for alerts | Shows on-screen pop-up messages |
Play sound notifications for alerts | Plays sound on alert trigger |
Send push notifications for alerts | Sends push alerts to mobile devices |
Send email notifications for alerts | Sends alerts via email |
Conclusion
The Buy Sell Volume Indicator offers a clear perspective on market volume dynamics by plotting a histogram based on buyer versus seller dominance. Green bars above zero indicate bullish control, while blue bars below zero highlight bearish strength.
This indicator is highly useful for intraday traders seeking to confirm trend direction through volume-based signals.