Buyers Vs Sellers Metatrader 4 Forex Indicator
The Buyers Vs Sellers Metatrader 4 Forex indicator is a technical tool that reacts quickly to price change.
The indicator reveals the ratio between buyers and sellers that are currently in the market.
Vertical colored (red & lime) bars represent the changing market trends.
The indicator can be used for short-, medium- and long- term trading.
- In order to get a better picture of how things are developing in the market, more attention should be given to the changing color of the vertical bars found within the indicator’s window.
- Generally speaking, the indicator tends to periodically alternate the color of the vertical bars between lime and red to fully demonstrate current market sentiments.
- When the vertical bars are filled red, price is said to be bearish. Bullish trends become most probable when the color changes to lime.
- The Buyers Vs Sellers MT4 indicator provides users with the ability to revert to histogram view. Simply change the value of the “ShowHistogram” inputs variable to “true”.
Feel free to explore the Buyers Vs Sellers indicator’s different parameters and settings to create your own personalized indicator setup.
Buyers Vs Sellers Indicator Chart (EUR/AUD M30 Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Buyers Vs Sellers MT4 Indicator
Buy Signal: Go long when the Buyers Vs Sellers indicator pops up a lime vertical bar within the indicator window, and the blue line of the Alligator MT4 indicator crosses below the lime and red lines in a bottom up manner.
Sell Signal: Go short when the Buyers Vs Sellers indicator pops up a red vertical bar within the indicator window, and the blue line of the Alligator forex indicator crosses above the lime and red lines in a top downward fashion.
Exit buy trade: Close all buy orders if while a bullish trend is running, the Buyers Vs Sellers Indicator prints a red vertical bar, or the lime Alligator indicator line intersects its red line.
Exit sell trade: Close all sell orders if while a bearish trend is ongoing, the Buyers Vs Sellers Indicator prints a lime vertical bar, or the lime Alligator indicator line intersects its red line.
Tips: It is important to tryout the Buyers Vs Sellers indicator in combination with other technical indicators for best trading results.
To best demonstrate this, we have pitched the indicator alongside the Alligator MT4 indicator.
Download This Forex Indicator Now
Indicator name, options, bvs period, show histogram, show delta, label color, buyers color, sellers color.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: Trend
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.