VMS Oscillator
- Indicatori
- Vincent Jose Proenca
- Versione: 1.0
Volume & Move Strength (VMS) Indicator for MT5
The VMS Indicator displays the relationship between trading volume and price movement strength, helping traders assess how well market activity supports price action.
How It Works:
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Measures tick volume as trading activity.
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Calculates move strength using a normalized True Range (%).
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Both values can be smoothed (default: 5) and optionally normalized (0–100) for consistency across markets.
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Plots two lines in a separate window:
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Blue (Volume) – trading activity level.
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Red (Move Strength) – price movement intensity.
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Quick Interpretation:
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Both rising: trend confirmation.
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Move Strength , Volume : weak or false breakout.
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Volume , Move Strength : accumulation or distribution.
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Crossovers: possible momentum shift.
Features:
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Clear dual-line display of volume and volatility.
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Adjustable smoothing and normalization.
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Works on all instruments and timeframes.
Use It To:
Spot trend strength, validate momentum, and detect divergences between volume and price action.
