Trading Volume

Trading Volume indicator shows the volume of Buying and Selling Trades on the Current Bar Or on average of specific number of last bars as you want . Both volumes are shown simultaneously with green and red colors for Buying and Selling Trading Volumes respectively. And a Percentage ratio of both Volumes appears too in same colors. And Buying and Selling Volumes Expressed By Bulls & Bears .

Notice : This indicator Works on any timeframe and any Pair of Currencies

Calculation Methods:

There are three ways of calculations to be made (you can select your suitable way from inputs)

First: if you choose (CalculationBy = BidRatio)

The indicator calculates Buying and Selling Volumes based on

Bid Price(Close Price)

Means that Bulls = Bid Price - Low Price

Bears = High Price – Bid Price

Second: if you choose (CalculationBy = OpenRatio)

The indicator calculates Buying and Selling Volumes based on

Open Price

Means that Bulls = High Price - Open Price

Bears = Open Price – Low Price

Third: if you choose (CalculationBy = BodyRatio)

The indicator calculates Buying and Selling Volumes based on

The Candle Body Length divided on total candle length with respect to its direction

Input Settings:

1. First Parameter (CalculationBy) Explained above in detail.
2. Second Parameter (InpPeriod) it indicates to the number of bars to Calculate their average by indicator
                                                     if you want to apply indicator on the current bar only enter (0).
3. Third Parameter (Position) it indicates to the position that indicator Panel appears on.
4. Fourth Parameter (X_Offset) to move indicator Panel Horizontally.
5. Fifth Parameter (Y_Offset) to move indicator Panel Vertically.