The Bull Bear Volume indicator is a powerful tool that helps traders dissect market volume into buyer and seller segments. By visualizing volume pressure through overlaying histograms, it offers a clear picture of market dynamics.
This indicator was initially part of a trading software called Amibroker. It sparked discussions on trading forums, where many traders expressed interest in converting it to mql4. However, I took it a step further and decided to convert it to mql5, using my best understanding of the original design.
While I’m proud to have authored this mql5 version, I want to give credit where it’s due. The original design is the brainchild of Nick Molchanoff, and his work greatly inspired this adaptation.
For those interested in further details, you can check out the original forum discussion here.
Related Posts
- Unlocking MetaCOT 2: Your Ultimate CFTC Indicator Toolkit for MT4
- Hourly Buffers for Data Collection in MetaTrader 5: A Simple Guide
- Mastering the MACD Candle Indicator for MetaTrader 4
- Unlocking the Power of Master Tools for MetaTrader 4
- Visualize Current Trends Across All Time Frames with This MetaTrader 4 Indicator