What is smBuySell-Pressure?
smBuySell-Pressure calculates and displays a buy/sell pressure reading. The Inputs dialog exposes a calculation period, a pressure level, and an option to draw additional signals.
The reading records the indicator output based on those settings. It provides chart context.
How to use smBuySell-Pressure
Review the pressure display with the main chart and compare changes in the reading with nearby price behavior. Keep optional second signals separate from the calculated pressure line or histogram.
Pressure_Period changes the calculation window, Pressure_Level changes the comparison threshold, and Draw_SecondSignals controls the supplementary markings.
Where it helps
Pressure_Period changes the amount of history used.
Pressure_Level controls the displayed threshold.
Second signals can be shown or hidden independently.
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| Pressure_Period | Sets the period used for the pressure calculation. |
| Pressure_Level | Sets the pressure comparison level. |
| Draw_SecondSignals | Shows or hides supplementary signals. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
