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The Uni Volume Delta Indicator (Uni Volume Delta) is an MetaTrader 4 oscillators used to analyze trading volume. It displays data in a separate window below the price chart.
This indicator plots bars below the price chart to show the difference between buying and selling volume.
Uni Volume Delta Indicator Specifications
The specifications of the Uni Volume Delta Indicator are summarized in the table below:
| Category | Power - Oscillator - Trading Tool |
| Platform | MetaTrader 4 |
| Skill Level | Intermediate |
| Indicator Type | Trend-following - Reversal |
| Time Frame | Multi-time frame |
| Trading Style | Intraday Trading |
| Markets | Cryptocurrency - Forex - Stocks |
Indicator in an Uptrend
In uptrends, such as the AUD/USD (Australian Dollar to US Dollar) pair, if the green buying volume bars are larger than the red selling volume bars, it indicates increasing demand and dominance of buyers.
This condition can be a signal of a continued bullish price movement.
Indicator in a Downtrend
In the GBP/NZD (British Pound to New Zealand Dollar) pair, increasing red bars alongside decreasing green bars indicate the dominance of sellers in the market.
This MT4 trading assist can also determine exit points, especially when green bars increase, signaling a possible buyer comeback.
Indicator Settings
The indicator settings are fully displayed in the image below:
- Up Bar Color: Color of bullish bars
- Down Bar Color: The color of bearish bars
- Lookback: The calculation period of the indicator
Conclusion
The Uni Volume Delta Indicator is an effective tool for analyzing trading volume flow. It displays the difference between buying and selling volume in a simplified manner.
This indicator allows traders to measure buyer and seller strength and identify buying or selling pressure in the market.
What is the function of the Uni Volume Delta Indicator?
This indicator displays the difference between buying and selling volume and highlights buyer and seller strength using color-coded bars below the price chart. It is used for volume analysis and identifying buying and selling pressure.
What are the best markets for using the Uni Volume Delta Indicator?
This indicator suits high-liquidity markets, including Forex, Stocks, and Cryptocurrencies.