Bulls Bears Volume Indicator for MT5 FREE DOWNLOAD

In the fast-paced world of financial markets, having access to reliable and accurate technical indicators is crucial for making well-informed trading decisions. The Bulls Bears Volume Indicator, available for free download on the MetaTrader 5 platform, is a robust tool that can provide traders with valuable insights into market trends and potential reversals. In this comprehensive guide, we will delve into the features, benefits, and practical applications of the Bulls Bears Volume Indicator, along with a step-by-step guide to downloading and integrating this indicator into your trading strategy.


The Bulls Bears Volume Indicator is a versatile technical analysis tool that offers a unique perspective on market sentiment and price movements. By analyzing the relationship between bull and bear volumes, this indicator can help traders identify shifts in market dynamics and potential trading opportunities.

Understanding Bull and Bear Volumes

Bull and bear volumes represent buying and selling activities in the market, respectively. Monitoring the interplay between these volumes can provide insights into the strength of a trend or the potential for a trend reversal.

  • Bull Volume: Bull volume refers to the total volume associated with rising prices. It indicates the strength of buying interest and suggests that traders are accumulating the asset.
  • Bear Volume: Bear volume, on the other hand, pertains to the total volume during price declines. It reflects the intensity of selling pressure and implies that traders may be offloading the asset.

Key Features of the Bulls Bears Volume Indicator

  1. Bull and Bear Volume Bars: The indicator displays separate bars for bull and bear volumes, allowing traders to visually compare buying and selling pressure.
  2. Color-Coded Bars: The bars are color-coded to enhance clarity. Bull volume bars are typically painted in one color (e.g., green), while bear volume bars are painted in another color (e.g., red or blue).
  3. Customizable Parameters: Traders have the flexibility to customize parameters such as volume calculation methods and bar colors according to their preferences.

Key Benefits of the Bulls Bears Volume Indicator

  1. Market Sentiment Analysis: By analyzing the relationship between bull and bear volumes, traders can gain insights into market sentiment and the prevailing bias.
  2. Confirmation of Trends: The indicator can confirm the strength of an existing trend. For example, a strong uptrend accompanied by higher bull volumes may indicate a sustainable bullish move.
  3. Early Reversal Signals: Changes in the balance between bull and bear volumes can provide early signals of potential trend reversals.

How to Download and Integrate the Bulls Bears Volume Indicator

Incorporating the Bulls Bears Volume Indicator into your MetaTrader 5 trading platform is a straightforward process. Follow these steps:

  1. Download the Indicator: Locate a reputable source offering the Bulls Bears Volume Indicator for free download. Download the indicator file with the “.ex5” extension.
  2. Save the File: Save the downloaded file to a directory on your computer.
  3. Launch MT5: Open your MetaTrader 5 trading platform.
  4. Access the Navigator: Click on “View” in the top menu and select “Navigator” (or use the shortcut key “Ctrl+N”).
  5. Locate the Indicator Folder: In the Navigator window, double-click on the “Indicators” section to expand it.
  6. Copy the Indicator: Find the downloaded Bulls Bears Volume Indicator file on your computer and drag and drop it into the “Indicators” section in the Navigator window.
  7. Restart MT5: Close and reopen the MT5 platform to ensure the indicator is properly loaded.
  8. Apply the Indicator: In the Navigator window, locate the Bulls Bears Volume Indicator. Drag and drop it onto the price chart of the desired trading instrument.
  9. Configure Settings: A settings window will appear, allowing you to customize the indicator’s parameters. Adjust the settings, such as volume calculation methods and bar colors, to align with your trading strategy. Click “OK” to apply the settings.


The Bulls Bears Volume Indicator is a valuable tool that offers unique insights into market sentiment, trend strength, and potential reversals. By highlighting the balance between bull and bear volumes, this indicator equips traders with the information they need to make informed trading decisions.

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