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 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 a reliable information about real volume. We also do not know actual and historical values of the Bid volume (Sellers volume) and Ask volume (Buyers volume). However, we can use tickcount 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. With this functionality, we are able to analyze the flow of buy and sell orders.

How to use PipTick Bid-Ask Volume indicator

First, we must note that it is absolutely 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 to use 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.

Basically, there are several scenarios of the order flow context:

Buyers and Sellers activity Market condition	BA grows SA grows	BA stagnates SA grows	BA falls SA grows	BA grows SA stagnates	BA stagnates SA stagnates	BA falls SA stagnates	BA grows SA falls	BA stagnates SA falls	BA falls SA falls
The market is in an uptrend	Long	Long	Long	Long	Long	Long	Short	Short	Short
The market goes sideways	No trade	Long	Long	Short	No trade	Long	Short	Short	No trade
The market is in a downtrend	Short	Short	Long	Short	Short	Long	Short	Short	Long

• BA - Buyers aggressivity
• SA - Sellers aggressivity

Recommendations

• Do not switch between timeframes when the indicator works.

Main features

• The indicator shows the Bid volume and Ask volume
• Simple comparison of the activity of Buyers against Sellers
• alert notifications for indicator values
• Works on every timeframe
• The indicator is non-repainting
• Real-Time data needed
• Saving the indicator values to a file
• Excellent results in conjunction with Support and Resistance levels
• Ideal tool for scalping
• Very fast calculation
• Available for MT4 and MT5

Inputs

• Volume_Mode - Allows to choose between Bid Down_Ask Up, Bid Down_Ask Up_Total Up, Bid Up and Ask Up settings
• Record_Ticks_History - Allows to save the tick history data in to file
• Histogram_Thickness - Thickness of output histogram
• Color_Bid_Volume - Color of bid volume
• Color_Ask_Volume - Color of ask volume
• Color_Total_Volume - Color of total volume
• alert - Allows to enable or disable alert notifications when the delta volume exceeds a certain value
• alert_Bid_Threshold - Allows to choose a threshold value for Bid volume
• alert_Ask_Threshold - Allows to choose a threshold value for Ask volume
• alert_Sound - Allows to choose the alert sound

Outputs

• Volume_Bid - Value of bid volume
• Volume_Ask - Value of ask volume
• Volume_Total - Value of total volume