The Waddah Attar Buy Sell Volume Indicator is one of the MetaTrader 4 indicators developed by Waddah Attar. This indicator displays the Buy and Sell Volume in an oscillator window.
By focusing on volume and analyzing momentum strength, it effectively identifies buy and sell zones.
Indicator Specifications
The table below provides an overview of the indicator's specifications.
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Indicator Categories:
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Oscillators MT4 Indicators
Volatility MT4 Indicators
Trading Assist MT4 Indicators
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Platforms:
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MetaTrader 4 Indicators
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Trading Skills:
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Intermediate
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Indicator Types:
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Reversal MT4 Indicators
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Timeframe:
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Multi-Timeframe MT4 Indicators
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Trading Style:
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Intraday MT4 Indicators
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Trading Instruments:
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Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators
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Indicator at a Glance
The Waddah Attar Buy Sell Volume Indicator visualizes Buy & Sell Volume as bars in the lower chart window. Blue bars indicate Buying Pressure, while red bars show Selling Pressure. Taller bars suggest higher buying or selling activity.
Bullish Market Trends
In an uptrend, the blue bars gradually grow taller, signifying increasing Buying Pressure and greater market demand.
This rise in volume often leads to resistance breakouts and continued price growth.
Bearish Market Trends
The GBP/USD pair is in a downtrend in the following chart. Red bars consistently grow taller, reflecting rising Selling Pressure, while sellers dominate the market.
This trend correlates with falling prices and support breakouts. Simultaneously, blue bars shrink or disappear, reducing Buying Pressure.
Indicator Settings
The detailed settings for the Waddah Attar Buy Sell Volume Indicator are shown below:
- TimeFrame: Adjust time intervals
- Theme: Customize the background theme of the indicator
Conclusion
The Waddah Attar Buy Sell Volume Oscillator evaluates market conditions by analyzing changes in blue and red bars, assessing whether buyers or sellers dominate the market.
These changes are used to identify continuation trends or market reversals. Alongside this indicator, traders can also utilize a variety of Trading Assist Indicators for MT4 to enhance their strategies.
What is the Waddah Attar Buy Sell Volume Indicator?
It is a tool that displays Buy and sell Volume in financial markets as green bars (Buying Pressure) and red bars (Selling Pressure).
Does it provide direct buy/sell signals?
No, but traders can analyze the bar changes to identify market trends.