Buy Sell Pressure Indicator for MetaTrader 4 Download - Free - [TradingFinder]

The Buy-Sell Pressure Indicator is one of the practical technical analysis tools available in the MetaTrader 4 platform. It enables traders to identify market momentum.

This indicator analyzes real-time market momentum, displaying Overbought and Oversold zones in its oscillator window. Thanks to its simple trading rules and ease of use, this tool is ideal for beginner traders.

Indicator Specifications

The key features of this indicator are explained in the table below:

The Indicator in an Uptrend

The chart below corresponds to the CAD/JPY pair on a 4-hour timeframe. In this chart, the price starts an upward trend after reaching the oversold zones.

These areas indicate an increased tendency of buyers and a return to the upward trend. This price rebound forms an upward trend and allows traders to enter Buy trades after receiving the necessary confirmations.

The Indicator in a Downtrend

The following chart shows Bitcoin (BTC) price movements in one 1-hour. After the price reaches the overbought zone, weakness in the upward trend is observed, and with increasing selling pressure, the price decreases.

This drop begins with corrective movements and stabilizes into a downtrend after breaking key support levels.

Indicator Settings

The image below pertains to the adjustable parameters of the indicator:

• Chart Theme: Background color of the chart;
• Period: The calculation period for candles (default is 13).

Conclusion

The Buy-Sell Pressure Indicator is a practical tool for improving trend-based trading strategies. It allows traders to simply observe market momentum and strength on the chart.

Additionally, this indicator's overbought and oversold zones are updated in real-time and serve as critical points for Entry into trades.