Buy/Sell Volume Forex Indicator (MT4)

About the Indicator

The Buy/Sell Volume Indicator for MT4 is a simple yet powerful volume-based tool that generates trade signals based on the relationship between bullish and bearish volume.

It helps traders identify potential market reversals or continuations by analyzing the strength behind price moves.

The indicator appears as a line that indicates high & low market volume.

Combine this indicator with an existing trading strategy or system to identify profitable buy and sell trade entries and exits.

Key Features

• Detects bullish and bearish volume pressure
• Works on all timeframes and Forex instruments
• Can be used for scalping, day trading, or swing trading

Free Download

Download the “buy-sell-volume-indicator.mq4” indicator for MT4

Benefits of Using the Indicator

• Helps confirm trend strength or potential reversals
• Reduces noise by focusing on volume pressure
• Supports multiple trading styles and strategies
• Suitable for beginner and experienced traders

Indicator Example Chart (EUR/USD H1)

The example chart below displays the Buy/Sell Volume MT4 indicator in action on the trading chart.

Trading Signals (example):

Utilize your favorite trade entry, stop loss, and take profit method to trade with the Buy/Sell Volume indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Pros

• Simple volume-based logic
• Works across various timeframes

Cons

• May produce false signals during low-volume periods
• Best used with trend confirmation tools

Download Now

Download the “buy-sell-volume-indicator.mq4” indicator for Metatrader 4

Buy Sell Volume + Hull Trend Forex Indicator Strategy (MT4)

This strategy combines the volume-based signals of the Buy Sell Volume Forex Indicator with the smooth trend detection capabilities of the Hull Trend Forex Indicator.

The goal is to enter trades that align with both strong volume momentum and clear trend direction, improving the accuracy of entries on intraday timeframes like M15 to H1.

What This Strategy Is About

The Buy Sell Volume Indicator signals entry points by analyzing volume spikes related to buying or selling pressure, while the Hull Trend Indicator identifies trend direction using a Hull Moving Average-based color-coded system.

When both indicators agree, traders get a strong confirmation to enter high-probability trades with defined risk management.

Buy Rules

• Wait for a volume spike from the Buy/Sell Volume indicator.
• Confirm with the Hull Trend indicator showing a blue uptrend.
• Enter a buy trade at the next candle open after confirmation.
• Place the Stop Loss below the recent swing low or support zone.
• Take Profit at nearby resistance or use a 1:2 risk-reward ratio.

Sell Rules

• Wait for a volume spike from the Buy/Sell Volume indicator.
• Confirm with the Hull Trend indicator showing an orange downtrend.
• Enter a sell trade at the next candle open.
• Place a Stop Loss above the recent swing high or resistance level.
• Take Profit near support or use a 1:2 risk-reward ratio.

Case Study 1

EUR/USD M15 Chart Analysis (45-Day Sample Period):

• Total Signals: 65 trades
• Winning Trades: 42 (64.6%)
• Average Win: +28 pips
• Average Loss: -13 pips
• Net Result: +877 pips over the testing period

Case Study 2

GBP/JPY H1 Chart Analysis (6-Week Sample Period):

• Total Signals: 30 trades
• Winning Trades: 20 (66.7%)
• Average Win: +52 pips
• Average Loss: -21 pips
• Net Result: +830 pips over the testing period

Advantages

• Combines volume momentum with smooth trend filtering for strong confirmations.
• Helps reduce false breakouts and whipsaws in volatile markets.
• Easy to interpret and apply across multiple timeframes.

Drawbacks

• It may produce fewer signals due to strict confirmation rules.
• Lag in Hull Trend smoothing can delay entries slightly.
• Less effective in ranging or low-volume conditions.

Strategy Conclusion and Tips

This strategy is designed for traders seeking reliable trend-following setups supported by volume strength.

For optimal results, trade during London and New York sessions on pairs like EUR/USD, GBP/JPY, and USD/JPY.

Always use proper risk management and consider combining with higher timeframe trend filters for enhanced precision.

Indicator Specifications

FAQ

Does it repaint?

No, the indicator provides non-repainting signals.

Can I use it with other indicators?

Yes, it works well with moving averages, RSI, or trendline strategies.

Which timeframe is best?

It performs well on M15 to H1, but is also suitable for other timeframes depending on your strategy.

Final Words

The Buy/Sell Volume Forex Indicator is a practical and easy-to-use tool that combines volume and direction to highlight potential trade opportunities.

Download it today and start using volume confirmation in your Forex trading strategy.