Platform: MetaTrader 4
Skill Level: Advanced traders
Indicator Categories: Oscillators, Signal & Forecast, Trading Assist
Indicator Types: Entry & Exit, Trend, Reversal
Timeframes: Multi-timeframe compatible
Trading Styles: Day trading, Intraday, Scalping
Trading Instruments: Forex, Stocks, Indices, Cryptocurrency
Functionality:
- Measures buying and selling pressure in the market
- Uses histograms, oscillator lines, and blue points for analysis
- Blue points above zero → buying pressure
- Blue points below zero → selling pressure
- Green line vs moving average → blue histogram shows buying strength
- Red line vs moving average → yellow histogram shows selling strength
Bullish Trend Example:
- Blue points above zero + blue histogram → strong buying pressure → buy signal
Bearish Trend Example:
- Blue points below zero + yellow histogram → strong selling pressure → sell signal
Provides deeper insight into buyer/seller balance
Helps traders identify probable market direction
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