Buyers and Sellers indicator | Forex Factory

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Buyers and Sellers indicator

  • #1
  • First Post: Edited 6:43pm Oct 11, 2015 4:19pm | Edited 6:43pm
Hy,

Here you can download S-KG BUYERS vs SELLERS 1M-8D display.

Source Code is from KG BUYERS_SELLER DISPLAYS.mq4
http://www.forexfactory.com/showthread.php?t=213497

Attached Image




I like this indicator, because it react very quickly on price change.
So i was refined original indicator with new stuff. (Thanks to Kang_Gun source code and FerruFx advice)

Time Frame is now 1 minute to 8 Days, amended is also a graphic layout.
Layout is changeable If you are playing with x and y shifting, Font Size, color, etc.
There are 2. levels color for Up and Down
There is options for "user friendly" Background box, for better visibility on chart. Background can be Transparent and Non Transparent. If you don't like it, set zero value for Width and Height.

Settings are explained on the attached image in case i was forgot something

Attached Image (click to enlarge)
Click to Enlarge Name: Buyers Sellers settings.jpg Size: 317 KB



Indicator 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 period Close price relative to the price High and Low extremes of the relevant period.

Custom Scale V2 and v3 indi is attached if you like to have blank separated chart for indi.
If you set Width Scale to zero, price is not visible on Chart, and you get more space for other charts and beloved technical indicators.

Settings for Custome Scale indi

Attached Image (click to enlarge)
Click to Enlarge Name: Blank Chart.jpg Size: 287 KB


Green pips to all
Attached File(s)
File Type: ex4 CustomScale_v2.ex4   21 KB | 2,690 downloads
File Type: mq4 CustomScale_v2.mq4   13 KB | 2,808 downloads
File Type: ex4 CustomScale_v3.ex4   21 KB | 2,768 downloads
File Type: mq4 CustomScale_v3.mq4   13 KB | 3,332 downloads
File Type: ex4 S-KG BUYERS vs SELLERS 1M-8D.ex4   61 KB | 3,887 downloads
File Type: mq4 S-KG BUYERS vs SELLERS 1M-8D.mq4   69 KB | 5,034 downloads
  • #2
  • Oct 12, 2015 12:33pm Oct 12, 2015 12:33pm
Quoting Saronko
Hy, Here you can download S-KG BUYERS vs SELLERS 1M-8D display. Source Code is from KG BUYERS_SELLER DISPLAYS.mq4 http://www.forexfactory.com/showthread.php?t=213497 {image}{file} {file} {file} {file} {file} {file}
Hi Saronko: Thanks for working on the S-KG indicator and posting it. Very nice and pretty cool. I will be putting it to good use. Thanks very much. mdavem.
  • #3
  • Oct 12, 2015 3:16pm Oct 12, 2015 3:16pm
Quoting mdavem
{quote} Hi Saronko: Thanks for working on the S-KG indicator and posting it. Very nice and pretty cool. I will be putting it to good use. Thanks very much. mdavem.
No problem.
I'm glad to hear that indi is useful to someone.
Just returning back what I was taken from forum.
Next version will come soon.
Only difference between buyers and sellers will be displayed.

Means that if B=100% S=0% value= +100%,
if S=100 B=0 value= -100%,
if B=50 and S=50 value is O%,
If B=80% S=20% value= +60%, and so on.

Less is more. Too much numbers and different EA-s just make headache and confusion.

Happy green pips
  • #4
  • Oct 12, 2015 6:20pm Oct 12, 2015 6:20pm
Thanks for this indicator, will be testing it for sure.

Would you use it alone ( no other indicator/graph) ?
  • #5
  • Oct 12, 2015 6:31pm Oct 12, 2015 6:31pm
Quoting Art5
Thanks for this indicator, will be testing it for sure. Would you use it alone ( no other indicator/graph) ?
Whatever you like, I am use it on a separate chart.
  • #6
  • Oct 13, 2015 5:31pm Oct 13, 2015 5:31pm
Quoting Art5
Thanks for this indicator, will be testing it for sure. Would you use it alone ( no other indicator/graph) ?

Hi Art5: Like Saronko said, whatever you like. I treat it more as a gauge than an indicator. Top right corner of the screen shot. If the colors are mixed then the price action tends to be mixed. If they are a uniform color it may mark a possible exhaustion point. I then watch for a change from the 1 minute up. Of course, no absolutes. I use the other eye candy in conjunction with this indicator, looking for times when there is a correspondence in colors. The trend-o-graph tends to get the most attention. The chart is a 1 minute EURJPY, some would say too much candy but I have put most to good use.

Thanks again to Saronko and I hope you find this gauge useful. mdavem.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ_EXAMPLE.PNG Size: 91 KB
  • #7
  • Oct 13, 2015 6:28pm Oct 13, 2015 6:28pm
Soronko, please how do i download and install your indicator on my mt4 platform?
  • #8
  • Edited 6:07am Oct 14, 2015 5:13am | Edited 6:07am
Quoting oasisfx
Soronko, please how do i download and install your indicator on my mt4 platform?
Dear oasisfx,

Download for indicator is in the first post of these thread

How to install custom indicator MT4 help in general:

1. Locate downloaded file and copy the MT4 custom indicator file on your computer.
Name.mq4 or Indicator Name.ex4
MQ4 is open source file which can be edited (Modify option) in Meta Editor
EX4 is compiled version and cannot be post edited.

2. Open the data folder in MT4.
File\ Open Data Folder

3. Open MQL4 file.

4. Open the indicators folder.

5. Create new folder if you like and Paste the files.

6. In MT4 select View\Navigator or press Ctrl+N
Select Indicators icon folder and refresh with mouse right click.
New indicator should be compiled now and shown up in the indicators folder.
If this doesn't work Restart MetaTrader 4.

8.Installation on chart
First select chart on which you like to add indicator then open the Indicators tree, locate your new custom indicator and double click on it or select Attach to a chart with right mouse button or drag it to chart window.
If indicator is made for separate sub-window procedure is the same.

To put two or more indicator in same sub-window as an already plotted indicator, drag it into the same sub-window. If you want the indicator to be a derivative of the indicator already plotted. With this method you can combine Rsi, Macd, Stochastic ... in the same sub-window

Read more here:
http://www.forexfactory.com/showthread.php?p=1825195
or:
http://en.tradimo.com/learn/metatrad...tom-indicator/
  • #9
  • Oct 15, 2015 5:17am Oct 15, 2015 5:17am
an alert to the indy will be great especially to the Daily signal maybe in the next version. nice work
  • #10
  • Oct 15, 2015 9:48am Oct 15, 2015 9:48am
Quoting francisakz
an alert to the indy will be great especially to the Daily signal maybe in the next version. nice work

Sorry i am not pro coder. Alert is beyond my programing skills.

Thank you for your compliments
  • #11
  • Oct 15, 2015 4:29pm Oct 15, 2015 4:29pm
Quoting mdavem
{quote} Hi Art5: Like Saronko said, whatever you like. I treat it more as a gauge than an indicator. Top right corner of the screen shot. If the colors are mixed then the price action tends to be mixed. If they are a uniform color it may mark a possible exhaustion point. I then watch for a change from the 1 minute up. Of course, no absolutes. I use the other eye candy in conjunction with this indicator, looking for times when there is a correspondence in colors. The trend-o-graph tends to get the most attention. The chart is a 1 minute EURJPY, some...

Very good explanation mdavem.

As I promised. New version is here.
Only difference between buyers and sellers are displayed.

Means that if B=100% S=0% value= +100%,
if S=100 B=0 value= -100%,
if B=50 and S=50 value is O%,
If B=80% S=20% value= +60%, and so on.

Less is more.

Attached Image


"Trading is like surfing on the waves. Ride the lowest and surf down from the highest! "
Attached File(s)
File Type: ex4 S-KG BUYERS vs SELLERS 1M-8D Diff V2.ex4   54 KB | 2,824 downloads
File Type: mq4 S-KG BUYERS vs SELLERS 1M-8D Diff V2.mq4   58 KB | 3,564 downloads
  • #12
  • Oct 15, 2015 11:37pm Oct 15, 2015 11:37pm
Quoting Saronko
{quote} Very good explanation mdavem. As I promised. New version is here. Only difference between buyers and sellers are displayed. Means that if B=100% S=0% value= +100%, if S=100 B=0 value= -100%, if B=50 and S=50 value is O%, If B=80% S=20% value= +60%, and so on. Less is more. {image} "Trading is like surfing on the waves. Ride the lowest and surf down from the highest! " {file} {file}
Hi Saronko: Another large thanks for your work. I took the view of more is more. The attached image is both indicators on a EURJPY 1 minute chart. Too much, so what. What you have provided dovetails beautifully with the other things I am using. Thanks very much again. mdavem.

Attached Image (click to enlarge)
Click to Enlarge Name: BUY_SELL_HUD2.JPG Size: 232 KB
  • #13
  • Oct 16, 2015 5:39am Oct 16, 2015 5:39am
Quoting mdavem
{quote} Hi Saronko: Another large thanks for your work. I took the view of more is more. The attached image is both indicators on a EURJPY 1 minute chart. Too much, so what. What you have provided dovetails beautifully with the other things I am using. Thanks very much again. mdavem. {image}
Cool !

But you don't need TF and Arrows twice. You can edit this with ArrowX_Shift and TfLabelX_Shift.

Especially for you I arranged so that now is No Arrows and TF Label !! for combine data from both indi.
Attached File(s)
File Type: ex4 S-KG BUYERS vs SELLERS 1M-8D Diff V2 no Arrows.ex4   38 KB | 2,173 downloads
File Type: mq4 S-KG BUYERS vs SELLERS 1M-8D Diff V2 no Arrows.mq4   58 KB | 2,619 downloads
  • #14
  • Oct 16, 2015 10:49am Oct 16, 2015 10:49am
Quoting Saronko
{quote} Cool ! But you don't need TF and Arrows twice. You can edit this with ArrowX_Shift and TfLabelX_Shift. Especially for you I arranged so that now is No Arrows and TF Label !! for combine data from both indi. {file} {file}
Hi Saronko: Wow. Again many thanks. I have not even loaded it in but I know it will be great. I thought of playing in the code to get rid of the extra time and arrows but you have already provided the way. Fantastic...again many thanks. mdavem. I sure hope this gauge makes you lots and lots of pips.
  • #15
  • Oct 20, 2015 1:11pm Oct 20, 2015 1:11pm
very nice indicator but how to use it,can someone explain it.
  • #16
  • Oct 20, 2015 6:29pm Oct 20, 2015 6:29pm
Quoting mdavem
{quote} Hi Art5: Like Saronko said, whatever you like. I treat it more as a gauge than an indicator. Top right corner of the screen shot. If the colors are mixed then the price action tends to be mixed. If they are a uniform color it may mark a possible exhaustion point. I then watch for a change from the 1 minute up. Of course, no absolutes. I use the other eye candy in conjunction with this indicator, looking for times when there is a correspondence in colors. The trend-o-graph tends to get the most attention. The chart is a 1 minute EURJPY, some...
Awesome! Thanks for the tip!
  • #17
  • Feb 23, 2017 8:05pm Feb 23, 2017 8:05pm
Down loaded, but all I am getting is a list of numbers ??
  • #18
  • Dec 15, 2017 5:31am Dec 15, 2017 5:31am
Hi Saronko,
First of all, thank you very much for sharing these beautiful indicators.
Anyway, when I install to my platform, the arrows don't show up, instead only "p" & "q". But for the rest of information are ok.
Is there any chance that you could fix that problem?
Thank you very much for your time and efforts.
GBU and happy trading.
  • #19
  • Dec 22, 2018 4:59pm Dec 22, 2018 4:59pm
This is just nice! I just downloaded it, will try it to see how it works.

Thanks for sharing
  • #20
  • Jan 6, 2019 9:38am Jan 6, 2019 9:38am
Quoting Saronko
{quote} Very good explanation mdavem. As I promised. New version is here. Only difference between buyers and sellers are displayed. Means that if B=100% S=0% value= +100%, if S=100 B=0 value= -100%, if B=50 and S=50 value is O%, If B=80% S=20% value= +60%, and so on. Less is more. {image} "Trading is like surfing on the waves. Ride the lowest and surf down from the highest! " {file} {file}
thanks for the note.
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