OBVCD Pro
- Indicators
- Version: 1.0
- Activations: 10
OBVCD Pro: Quantitative Volume Volatility Indicator
Description:
Developed by a quantitative programmer with 18 years of market experience, OBVCD Pro is a momentum oscillator designed for technical analysis. It combines the properties of On-Balance Volume (OBV) with the Moving Average Convergence Divergence (MACD) logic, utilizing a 1.618 Fibonacci ratio volatility channel.
Standard oscillators often rely solely on price. OBVCD Pro calculates convergence and divergence from the cumulative volume flow. By applying a 5-state mathematical filter, it helps traders visualize volume accumulation, distribution, and momentum exhaustion across various asset classes and timeframes.
The 5-State Momentum Logic The color-coded histogram evaluates the slope of the volume momentum relative to the volatility bands, displaying the current market state:
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Strong Bullish (Lime Green): Volume breaks above the Upper Band with expanding momentum.
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Weak Bullish (Light Green): Volume is above the Upper Band, but momentum is decreasing.
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Consolidation (Gray): MACD is moving inside the bands (ranging zone).
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Strong Bearish (Red): Volume breaks below the Lower Band with expanding negative momentum.
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Weak Bearish (Orange): Volume is below the Lower Band, but selling pressure is decreasing.
Cross-Asset Application OBVCD Pro is designed to adapt to different market environments:
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Metals (XAUUSD / XAGUSD): Identifies volume accumulation phases prior to price breakouts.
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Energy (USOIL): Tracks volume-based reversals alongside standard price oscillators.
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Indices & Forex (US30 / DXY): The 1.618 Signal Line bands filter intraday noise, signaling color shifts during defined regime changes.
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Cryptocurrency (BTCUSD / ETHUSD): Smooths high volatility to provide sustained trend channels.
Algorithmic / EA Integration OBVCD Pro is optimized for automated trading systems. To simplify EA development, the indicator features a dedicated Regime Bias Buffer (Buffer 5). Your Expert Advisor can read Buffer 5 to receive strict integer states: 2.0 (Strong Bull), 1.0 (Weak Bull), 0.0 (Neutral), -1.0 (Weak Bear), or -2.0 (Strong Bear). This allows developers to access the complete volatility and momentum filter using a single line of code.
Key Features:
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Customizable MAs: Control over Fast, Slow, and Signal moving average methods (EMA, SMA, SMMA, LWMA).
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Targeted Volatility: Option to calculate Bollinger Bands over the raw MACD Histogram or the Signal Line.
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No Repainting: Bar states are strictly calculated on the close of the bar.
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Visual Interface: Utilizes alpha-transparency to keep the oscillator pane readable when used alongside other technical tools.
