Waddah Attar Buy Sell Volume Indicator MT4

Waddah Attar Buy Sell Volume Indicator for MetaTrader 4

The Waddah Attar Buy Sell Volume Indicator is a well-known tool in MetaTrader 4, developed by Waddah Attar. This oscillator specializes in volume analysis, visually displaying buying and selling activity in the lower chart panel. By tracking momentum strength, it enables traders to pinpoint critical buying and selling zones with accuracy.

«Indicator Installation & User Guide»

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Indicator Specifications

The table below outlines the key specifications of this indicator:

Category

Trading Tool - Oscillator - Volatile

Platform

MetaTrader 4

Skill Level

Intermediate

Indicator Type

Continuation - Reversal

Timeframe

Daily

Trading Style

Intraday Trading

Market

Crypto - Forex - Stocks


Indicator Overview

The indicator presents buy and sell volumes using histogram bars. Blue bars represent buying pressure, while red bars indicate selling pressure. The taller the bars, the higher the activity level, giving traders valuable insight into price momentum.

 

Bullish Market Trends

In an uptrend, blue bars grow taller, indicating increasing buying pressure and stronger market interest. This momentum often precedes resistance breakouts and upward price movements.

 

Bearish Market Trends

In a downtrend, as illustrated with the GBP/USD chart, red bars dominate and expand in height, signaling intensified selling pressure. This pattern is typically accompanied by falling prices and support breakouts, with blue bars shrinking or disappearing, reflecting reduced buyer interest.

Indicator Settings

Below is an overview of the customizable settings for this indicator:

  • Timeframe: Define the time interval for analysis.
  • Theme: Adjust the background design and color scheme.

 

Conclusion

The Waddah Attar Buy Sell Volume Oscillator gives traders a visual understanding of market dynamics by analyzing the size and color of histogram bars. These assists in determining the dominant market force—buyers or sellers—and helps forecast possible trend continuations or reversals.

It works best when combined with other analytical tools for a comprehensive trading strategy.

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