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Volatility OCMM

This indicator is suited for who is looking to grasp the present and past market volatility.

You can apply this indicator to any instrument, you will be able to understand when the market is moving sideways and when it's pickinp up momentum.

The embedded moving average allows you to filter bad trade signals. You can tweak the moving average to reach its maximum potential.


As I have highlighted in the screenshot when the moving average is above the histogram the price tends to move sideways creating trading ranges, giving us opportunities to trade breakouts.

Also the the moving average gets violated by the histogram the price is likely to keep moving the direction it is already moving, this gives us the chance to enter a continuation trade and follow the impulse.

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Brian Collard
4.71 (14)
The Volumebyprice.com Indicator for MetaTrader 4 features Volume Profile and Market Profile TPO (Time Price Opportunity). Volume and TPO histogram bar and line charts. Volume Footprint charts. TPO letter and block marker collapsed and split structure charts. Static, dynamic and flexible range segmentation and compositing methods with relative and absolute visualizations. Session hours filtering and segment concatenation with Market Watch and custom user specifications. Graphical layering, posit
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