Order Flow Trader Oscillator for MT4 Download – Free – [TradingFinder]

The Order Flow Trader Indicator is designed to analyze buy and sell order volumes. This oscillator gives users deeper insight into actual market conditions, beyond standard price charts.

This trading tool precisely tracks the volume increase or decrease in each candle through histograms and displays the data within the oscillator panel.

Order Flow Trader Oscillator Specifications Table

The technical specifications of the Order Flow Trader Indicator are outlined below.

Order Flow Trader at a Glance

The Order Flow Trader Oscillator is a key tool in technical analysis. It helps traders identify optimal entry and exit points.

Histogram bars are formed as follows:

• Green Bar: Created when the current candle's volume is higher than the previous candle's volume
• Red Bar: Created when the current candle's volume is lower than the previous candle's volume

Bullish Trend Conditions

In the 1-minute GBP/USD chart example, the Order Flow Trader Oscillator's performance in an upward trend is demonstrated. Green histograms beneath bullish candles confirm volume strength and buying pressure.

Bearish Trend Conditions

Based on the 1-minute chart analysis of the cryptocurrency Ethereum (ETH),green histograms below bearish candles indicate high volume and strong seller dominance.

Under such conditions, a sell position can be maintained until the volume of the bearishcandles changes.

Order Flow Trader Indicator Settings

The image below shows the settings of the Order Flow Trader Indicator:

• Number of bars: Number of previous candles used for indicator calculations

Conclusion

The Order Flow Trader Indicator is built to display candle by candle volume in the MetaTrader 4 platform. It compares the current candle's volume with the previous one and visualizes the result using color coded histogram bars.

This indicator applies to all financial markets, including cryptocurrencies, forex, stock indices, and commodities.