Bull Bear Volume Indicator Mt4
The bars are separated into 2 colors to clearly identify the bull and bear volumes in each price range.
Bull bear volume indicator mt4. Many do this by means of a single indicator that gauges momentum both bullish and bearish. Could you perhaps further elaborate it by creating another similar indicator that at the start of each horizontal interval identified by any hh hl lh ll coming for ex by a zigzag on price starts to paint an histogram plotting the cumulative volume traded during that swing its shape would appear similar to the histogram of this bull bears indicator you have. 3 vice versa for when the bear line crosses the bull line. Fdm power trading system.
Bullsbearsvolume indicator for metatrader 5 is a metatrader 5 mt5 indicator and the essence of the forex indicator is to transform the accumulated history data. Download forex quote spread indicator. 1 corresponding volume bar or histogram on this indicator 2 on the corresponding price candle. If candle is bull it shows green volume if candle is bear it shows red volume if open close it shows yellow volume.
Bullsbearsvolume indicator for metatrader 5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Possibility to ad a moving average on it. I want to share with you my volume indicator. Bears vs bulls indicator.
To apply both indicators to one window you add one indicator. By combining volume and closing prices this indicator can be used to identify high volume price ranges to mark support or resistance. Many oscillators attempt to measure how much buying or selling power lies behind price moves in a financial market. I would like the bull text to appear just above the candle stick.
Unfortunately the standard volumes mt4 indicator doesn t always meet the expectations of traders so we offer you to download an alternative indicator of volumes called better volume. Download colored bull bear volume indicator. You don t have to do this but i find it easier to look at this way. The bars are horizontal and shown on the left side of the chart to correspond with these price ranges.
Thanks for the indicator. On the chart below you can see i have added both mt4 indicators to one indicator window. The colors can be changed. Colored bull bear volume indicator related.
Some well known trading indicators that work this way include the relative strength index. Bull bear color normal bull bear color only when current is higher than previous fake auto scale when zooming by doubling the bars. Colored bull bear volume indicator shows different colors for different volume. The bulls and bears mt4 indicator are two indicators that are designed to show the underlying strength of the current trend.
It is currently one of the best or rather the most popular volumes indicator designed for metatrader trading terminal.
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