Summary of "馃挼 Buy Sell Pressure Indicator for MetaTrader 4/5 Download - Free - [TradingFinder]"
The video presents the Buy Sell Pressure Indicator available for MetaTrader 4 and 5, downloadable for free from the TradingFinder website. This indicator helps traders detect buying and selling pressure on price charts through an oscillator displayed below the chart.
Main Financial Strategy and Market Analysis:
- The indicator measures buying pressure by calculating the difference between the current candle鈥檚 close and the lowest price over a specified period.
- It measures selling pressure by calculating the difference between the current candle鈥檚 close and the highest price over the same period.
- The oscillator displays two lines:
- Blue line: buying pressure
- Red line: Selling pressure
- When the blue line crosses above the red line, it signals increased buying pressure, often followed by a price increase.
- When the blue line crosses below the red line, it signals increased selling pressure, often followed by a price decrease.
Methodology / Step-by-Step Guide to Use the Indicator:
- Download the indicator file for MetaTrader 4 or 5 from the TradingFinder website.
- Load the indicator from the Navigator section in MetaTrader.
- Apply it to the chart by clicking on the indicator file.
- Activate the "Hello Dealer" option in the comment section and confirm.
- Adjust the calculation period in the input settings (default is 13, but can be changed, e.g., to 21).
- Observe the oscillator window on the chart to interpret buy/sell pressure signals based on line crossovers.
Presenters / Sources:
- The tutorial is provided by TradingFinder.
Category
Business and Finance
