Buyers sellers display | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Divergence? What is really happening with buyers vs sellers? 20 replies

The Last 24 hrs Buyers Sellers Strength 35 replies

buyers and sellers 1 reply

How can there be more sellers than buyers ? 1 reply

More Sellers than Buyers 7 replies

Attachments: Buyers sellers display
Exit Attachments

Buyers sellers display

  • #1
  • First Post: Dec 30, 2009 7:40am Dec 30, 2009 7:40am
Hi All,

The indicator will show the strength of Buyers and Sellers by time. I hope this indicator will help your trade to read the price action.

Enjoy

KG
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 86 KB
Attached File(s)
File Type: mq4 KG BUYERS_SELLER DISPLAYS.mq4   52 KB | 5,637 downloads
  • #2
  • Jan 3, 2010 9:05am Jan 3, 2010 9:05am
can u explain detail about this. i'm newbies
  • #3
  • Jan 3, 2010 9:18am Jan 3, 2010 9:18am
Hey kang_gun

I appreciate the new concept. Could you perhaps explain how you arrive at those numbers?
  • #4
  • Jan 3, 2010 12:30pm Jan 3, 2010 12:30pm
thnx KG ...
  • #5
  • Jan 4, 2010 1:48am Jan 4, 2010 1:48am
Quoting Ronald Raygun
Hey kang_gun

I appreciate the new concept. Could you perhaps explain how you arrive at those numbers?
As far as I can tell, by reading the source code:

%Buyers = (current price - lowest low) / (highest high - lowest low)

%Sellers = (highest high - current price) / (highest high - lowest low)

where 'lowest low' and 'highest high' reflect the price extremes for each period in question.

i.e. this doesn't actually count the volumes bought and sold, or the number of buy or sell orders placed. It apparently works on the idea that the % of buyers/sellers is reflected in value of the current price relative to the extremes of the relevant period.
  • #6
  • Mar 11, 2017 1:26am Mar 11, 2017 1:26am
Quoting hanover
{quote} As far as I can tell, by reading the source code: %Buyers = (current price - lowest low) / (highest high - lowest low) %Sellers = (highest high - current price) / (highest high - lowest low) where 'lowest low' and 'highest high' reflect the price extremes for each period in question. i.e. this doesn't actually count the volumes bought and sold, or the number of buy or sell orders placed. It apparently works on the idea that the % of buyers/sellers is reflected in value of the current price relative to the extremes of the relevant period....
Hi David?

Do you have Buyers and Sellers display(percentage display) indicator for your formula below?

%Buyers = (current price - lowest low) / (highest high - lowest low)

%Sellers = (highest high - current price) / (highest high - lowest low)

Thanks in advanced.
  • #7
  • Mar 11, 2017 12:02pm Mar 11, 2017 12:02pm
Quoting azmiedan
Hi David? Do you have Buyers and Sellers display(percentage display) indicator for your formula below? %Buyers = (current price - lowest low) / (highest high - lowest low) %Sellers = (highest high - current price) / (highest high - lowest low) Thanks in advanced.
This is an old post (the MQ4 file might compile with errors now).

Anyway, it's not possible to know the number of buyers or sellers, and hence calculate it as a percentage. Forex is not a centralized exchange.

The indicator apparently calculates the values as explained in my previous (very old) post.
  • #8
  • Mar 11, 2017 11:55pm Mar 11, 2017 11:55pm
Quoting hanover
{quote} This is an old post (the MQ4 file might compile with errors now). Anyway, it's not possible to know the number of buyers or sellers, and hence calculate it as a percentage. Forex is not a centralized exchange. The indicator apparently calculates the values as explained in my previous (very old) post.
Thanks David for your reply.

Very appreciate it. Btw, I dont want to know the number of buyers and sellers.

But Only want to know the percentage on the current daily price using this formula.

So it will show like picture below.
Attached Image
  • #9
  • Mar 12, 2017 12:09pm Mar 12, 2017 12:09pm
Quoting azmiedan
Thanks David for your reply. Very appreciate it. Btw, I dont want to know the number of buyers and sellers. But Only want to know the percentage on the current daily price using this formula. So it will show like picture below.
Sorry, but I'm no longer coding or troubleshooting indicators, unless the indicator or EA is useful to me personally. You could try posting in one of the "I code your indicators for free" threads, and perhaps somebody else can help you. Or if you're willing to pay for the work, you could try MQL or upwork.
  • #10
  • Mar 13, 2017 1:11am Mar 13, 2017 1:11am
Quoting hanover
{quote} Sorry, but I'm no longer coding or troubleshooting indicators, unless the indicator or EA is useful to me personally. You could try posting in one of the "I code your indicators for free" threads, and perhaps somebody else can help you. Or if you're willing to pay for the work, you could try MQL or upwork.
Thanks David,

I will try there. Have a good day to you.
  • #11
  • Aug 2, 2020 11:25am Aug 2, 2020 11:25am
Look like the indicator still works in 2020.
Trade at your own risk.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 45 KB
Attached File(s)
File Type: mq4 KG BUYERS_SELLER DISPLAYS button.mq4   118 KB | 1,126 downloads
  • #12
  • Aug 11, 2020 1:11pm Aug 11, 2020 1:11pm
Quoting BanzaiFx
Look like the indicator still works in 2020. Trade at your own risk. {image} {file}
Hi, does it work on all currency pairs?
  • #13
  • Sep 23, 2020 3:15pm Sep 23, 2020 3:15pm
Quoting BanzaiFx
Look like the indicator still works in 2020. Trade at your own risk. {image} {file}
Hi Brother BanzaiFx,
please is it possible to modify code of this indicator to display 1 hour and current Buyers sellers only?
waiting for your positive response.
Thank you
  • #14
  • Sep 20, 2024 4:47am Sep 20, 2024 4:47am
Quoting Kang_Gun
Hi All, The indicator will show the strength of Buyers and Sellers by time. I hope this indicator will help your trade to read the price action. Enjoy KG {file} {image}
Great indi KG, you did very good. Do you perheps do have mt5 version of the indicator ? I would be real glad to hear from you. Thank you
  • #15
  • Last Post: Oct 25, 2024 12:16am Oct 25, 2024 12:16am
Quoting patrique
{quote} Hi, does it work on all currency pairs?

Available for mt5?
0 traders viewing now