Introduction to the Buy Sell Volume Indicator
- 1 Introduction to the Buy Sell Volume Indicator
- 2 What is the Buy Sell Volume Indicator?
- 3 How the Buy Sell Volume Indicator Works?
- 4 How to use the Buy Sell Volume Indicator for MT5
- 5 Isiphetho
Volume is one of the most important information that seasoned traders take note of. This is because trade signals with high volume tend to indicate that the trade signal has strong momentum. The Buy Sell Volume Indicator is a trading tool which is based on the concept of using volume to identify strong momentum.
What is the Buy Sell Volume Indicator?
The Buy Sell Volume Indicator is a momentum technical indicator which uses volume as its basis for identifying momentum direction.
This indicator is an oscillator type of indicator which plots histogram bars. The bars that this indicator plots oscillate around its midline which is zero. It plots lime green bars to indicate a strong buy trade volume and sandy brown bars to indicate a strong sell trade volume. It also plots a lime green dotted line connecting the highs of the positive bars and a sandy brown dotted line connecting the lows of the negative bars. This creates a channel like structure enveloping the histogram bars.
How the Buy Sell Volume Indicator Works?
The Buy Sell Volume Indicator attempts to isolate the buy trade volume from the sell trade volume. It does this either by using the “Real Volume” or “Tick Volume” depending on what is available from the broker price feed, although the Real Volume is more reliable. It then smoothens the volume data using a moving average. It then compares which has more volume between the buy volume or the sell volume. It plots positive bars if the buy volume is higher than the sell volume. Ngokuphambene, it plots negative bars if the sell volume is higher than the buy volume.
How to use the Buy Sell Volume Indicator for MT5
The Buy Sell Volume has several variables and parameters which can be modified within its settings.
“Timeframe” allows users to choose which timeframe the volume is based on.
“Smoothing period” modifies the number of periods used to calculate for the smoothing of the volume data.
“Smoothing me” allows users to choose the moving average method used for the smoothing.
“Volume to use” allows users to choose between Real Volume and Tick Volume.
The other options toggle the alert signals and Email push notifications on and off.
Thenga ukusethwa kwezohwebo
Open a buy order if the bars shift to positive with high volume in confluence with other bullish technical indications.
Close the trade if the bars shift to negative.
Thengisa ukusethwa kwezohwebo
Open a sell order if the bars shift to negative with high volume in confluence with other bearish technical indications.
Close the trade if the bars shift to positive.
This indicator can be a very useful momentum indicator especially when used in confluence with other technical indications as part of a complete trading strategy. Noma kunjalo, it tends to be susceptible to false signals whenever the market is choppy and is not showing a clear momentum direction. Kanjalo, it is best to wait for momentum reversal signals that are in confluence with a momentum candle.
Izinkomba ze-MT5 – Landa Imiyalo
Buy Sell Volume Indicator for MT5 is a Metatrader 5 (MT5) inkomba kanye nengqikithi yale nkomba yezobuchwepheshe ukuguqula idatha yomlando onqwabelene.
Buy Sell Volume Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Ngokusekelwe kulolu lwazi, abathengisi bangathatha ukunyakaza kwentengo okuqhubekayo futhi balungise isu labo ngokufanele. Chofoza lapha ukuthola amasu we-MT5
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How to install Buy Sell Volume Indicator for MT5.mq5 to your MetaTrader 5 Ishadi?
- Download Buy Sell Volume Indicator for MT5.mq5
- Copy Buy Sell Volume Indicator for MT5.mq5 to your Metatrader 5 Uhla lwemibhalo / ochwepheshe / izinkomba /
- Qala noma qala kabusha i-Metatrader yakho 5 Iklayenti
- Khetha Ishadi nesikhathi esibekiwe lapho ufuna ukuhlola inkomba yakho ye-mt5
- Sesha “Izinkomba Zokwezifiso” ku-Navigator yakho ikakhulu kwesobunxele ku-Metatrader yakho 5 Iklayenti
- Right click on Buy Sell Volume Indicator for MT5.mq5
- Namathisela eshadini
- Shintsha izilungiselelo noma cindezela ok
- Indicator Buy Sell Volume Indicator for MT5.mq4 is available on your Chart
How to remove Buy Sell Volume Indicator for MT5.mq5 from your Metatrader 5 Ishadi?
- Khetha Ishadi lapho i-Indicator isebenza ku-Metatrader yakho 5 Iklayenti
- Qhafaza kwesokudla kuShadi
- “Uhlu lwezinkomba”
- Khetha inkomba bese ususa
Thenga Thengisa Ivolumu Inkomba ye-MT5 (U-downloader mahhala)
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