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Volume Break Oscillator

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 - Histogram
1 - Break Line Up
2 - Break Line Down

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Mansour Babasafary
5 (5)
3 Indicators in 1 indicator Strategy based on price action Made specifically for the best forex currency pairs Can be used in the best time frame of the market at a very reasonable price This indicator is basically 3 different indicatos . But we have combined these 3 indicators in 1 indicator so that you can use 3 indicators at the lowest price. All three strategies are based on price action. But based on different trends. Long term, medium term and short term Attributes : No repaintin
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Version 1.1 2024.07.19
Added description icon and changed default values