Volume Break Oscillator
- Indicators
- Roberto Bonati
- Version: 1.1
- Updated: 19 July 2024
- Activations: 10
Volume Break Oscillator is an indicator that matches price movement with volume trends in the form of an oscillator.
I wanted to integrate volume analysis into my strategies but I have always been disappointed by most volume indicators,
such as OBV, Money Flow Index, A/D but also as Volume Weighted Macd and many others.
I therefore wrote this indicator for myself, I am satisfied with how useful it is, and therefore I decided to publish it on the market.
Main features:
- It highlights the phases in which the price moves in a direction supported by an increase (break) in volumes.
- It highlights the phases in which the volume boost stops and therefore the market contracts.
- It highlights the phases in which, especially in intraday trading with timeframes (<=15 minutes), neither prices nor volumes move so the market is ready for a future break.
- Filter false signals from other Expert Advisors when they are not supported by a volume break.
- It makes it very easy to visualize trend and range phases
Algorithm features:
- Three types of calculation FAST, NORMAL, SLOW, to monitor short, medium and long term, remaining in the same timeframe.
- Adjustable break level.
- Two types of volume TickVolume (mainly for Forex) and RealVolume (for stock market)
- Settings for Alerts, Mail and Push Notification: 1-instant on break, 2 -at close of the bar.
Buffer number to recall in the EA:
0 - Histogram1 - Break Line Up2 - Break Line Down