PipTick Bid-Ask Volume

PipTick Bid-Ask Volume indicator is a tool that needs every scalper and intraday trader. It uses a special algorithm to determine the activity of buyers and sellers and displays it in the form of a histogram. With this feature, the trader can easily compare the level of aggression on the part of buyers and sellers and read the context of the market.

As we all know, the forex market is decentralized and therefore we do not have reliable information about the real volume. We also do not know the actual and historical values of the Bid volume (Sellers’ volume) and Ask volume (Buyers’ volume). However, we can use the tick count volume of Bid and Ask prices to determine the activity of buyers and sellers! So, with our special algorithm, we can get a very similar volume as in the futures market. We can analyze the flow of buy and sell orders with this functionality. As you’ll see, it’s a real Holy Grail!

How to Use PipTick Bid-Ask Volume Indicator

First, we must note that it is counterproductive to use our indicator on the higher time frames. The number of buyers and sellers is balanced on the higher time-frames, so the indicator has no informative value. That’s why we recommend using it on the charts from M1 to M5.
 
The order flow context of the market should be analyzed for the last ten to thirty minutes. It is always necessary to assess the activity of both sides, buyers and sellers.
 
There are several scenarios of the order flow context.
 
Buyers and Sellers activity
Market condition
BAG
SAG
BAS
SAG
BAF
SAG
BAG
SAS
BAS
SAS
BAF
SAS
BAG
SAF
BAS
SAF
BAF
SAF
The market is in an uptrendLongLongLongLongLongLongShortShortShort
The market goes sidewaysNo tradeLongLongShortNo tradeLongShortShortNo trade
The market is in a downtrendShortShortLongShortShortLongShortShortLong
 
BAG – Buyers’ aggressivity grows
BAS – Buyers’ aggressivity stagnates
BAF – Buyers’ aggressivity falls
SAG – Sellers’ aggressivity grows
SAS – Sellers’ aggressivity stagnates
SAF – Sellers’ aggressivity falls

Recommendations

Main Features

Input Parameters

Output Parameters

Screenshots

Purchase

All our products are available in the MQL5 market.

MT4 version

Buy PipTick Bid Ask Volume MT4 customer indicator in the store selling algo trading systems

MT5 version

Buy PipTick Bid Ask Volume MT5 customer indicator in the store selling algo trading systems