The Buy Sell Volume Scalper indicator for Metatrader 5 is based on market volume and delivers precise non-repainting signals to scalpers and intraday traders.
The indicator remains consistently active in the market, executing either buy or sell trades, depending on market conditions.
The Buy Sell Volume Scalper gets displayed as a series of green and brown colored histogram bars.
Understanding the histogram scalper bars:
- Green colored bars represent an uptrend.
- Brown colored bars represent a downtrend.
The following indicator inputs and parameters can be customized: time frame, smoothing period, volume to use, alerts, push notifications, etc.
When utilized on the M1, M5, and M15 trading charts, the Buy Sell Volume Scalper exhibits optimal performance during the London and American trading sessions.
Make yourself familiar with this technical indicator and thoroughly test and evaluate it until you fully understand how it works.
It supports all time frames and Forex pairs.
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Buy_sell_volume.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Buy Sell Volume Scalper indicator looks when applied to the MT5 chart.
How To Buy And Sell Currency Pairs With The Buy Sell Volume Scalper Forex Indicator?
Find a simple trading example below:
Buy Signal
- The first green colored volume histogram bar is a buy signal.
- Execute a buy order @ market price and place your stop loss below short-term support.
- Close the buy trade for 10-30 pips potential profit, or wait for a trend reversal signal.
Sell Signal
- The first brown colored volume histogram bar is a sell signal.
- Execute a sell order @ market price and place your stop loss above short-term resistance.
- Close the sell trade for 10-30 pips potential profit, or wait for a trend reversal signal.
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Buy_sell_volume.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Buy_sell_volume.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration