Summary of 📝 Waddah Attar Buy Sell Volume Indicator for MetaTrader 4/5 Download - Free [TradingFinder]
The video presents the Waddah Attar Buy Sell Volume Indicator (VADAK Indicator), available for free download on the TradingFinder website for MetaTrader 4 and MetaTrader 5 platforms. The indicator helps traders analyze market volume trends by distinguishing between buy (positive) and sell (negative) volumes.
Main Financial Strategies and Market Analyses:
- The indicator uses volume data to identify market trends:
- Downtrend: Negative volume (sell volume) increases, positive volume decreases or stays constant, signaling potential price decreases. This is visually represented by fuller red bars (negative volume) and smaller blue bars (positive volume).
- Uptrend: Positive volume increases or remains stable, while negative volume remains stable or low, indicating upward price movement.
- Sideways/Neutral Market: Gray bars indicate neutral volume and sideways price movement.
How to Use the Indicator:
- Download the indicator file from TradingFinder for MT4 or MT5.
- Load the indicator onto a chart by dragging it from the Navigator section.
- Enable “Allow DLL Imports” in the settings before confirming.
- The indicator appears as an oscillator window below the price chart.
- Users can select the timeframe for volume calculation in the input settings:
- The chosen timeframe must be lower than the chart’s timeframe.
- For example, if the chart is set to 1 hour, the indicator can use 30 minutes or less.
- Selecting a timeframe higher than the chart’s timeframe triggers a warning.
Summary of Methodology:
- Download and install the indicator on MT4/MT5.
- Enable DLL imports for full functionality.
- Apply the indicator to a chart.
- Choose an appropriate lower timeframe for volume calculation.
- Interpret the volume bars:
- Red bars = increasing sell volume (bearish signal)
- Blue bars = increasing buy volume (bullish signal)
- Gray bars = neutral/sideways market
Presenters/Sources:
- The tutorial is provided by TradingFinder (no individual presenter named).
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Category
Business and Finance