Waddah Attar Buy Sell Vol Indicator

Waddah Attar Buy Sell Vol Indicator

Waddah Attar Buy Sell Vol Indicator For MT4 plots the buy and sell volumes and the difference between them Best for forex trading using volumes

The Waddah Attar buy sell vol indicators for MT4 provides an exciting insight of the buy volume and sell volume of any given candlestick. Additionally, it plots the difference between the buy and sell volumes in real time. This helps forex traders to understand the current market bias and identify the bullish and bearish market trend.

The indicator is suitable for new and advanced forex traders. However new traders should educate themselves with volume based trading strategies to effectively trade using this indicator. Furthermore, this indicator works in all chart time frames and especially useful for scalpers as it reflects the M1 and M5 volumes. Obviously, this indicator performs its best in any volume based auto trading systems.

Waddah Attar Buy Sell Vol Indicator For MT4 Trade Setup

The indicator is a histogram in a separate indicator window with green, red and yellow bars. Green histogram bars represent the buy volumes, while the red indicates sell volumes. However, the yellow provides the most important information as it is the difference in volume between the buyers and sellers.

The indicator does not provide outright buy and sell forex trading signals, but provides valuable information by means of the yellow bars. If the volume of the yellow bars aligns towards the buy volumes, forex traders should consider entering the market with buy trades.
Similarly, when the length of the yellow bars is higher and aligned towards the lower side it indicates a strong presence of sellers.

Conclusion
In summary, the Waddah Attar buy sell vol indicator for MT4 is beneficial for forex traders using volume based trading strategies and technical analysis.