Volume To Price Imbalance Indicator
- Indicatori
- Vincent Jose Proenca
- Versione: 1.0
Volume-to-Price Movement Oscillator (VP Oscillator) for MT5
The VP Oscillator highlights the balance (or imbalance) between trading volume and price movement, helping traders spot hidden accumulation, distribution, or weakening trends.
How It Works:
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Calculates each bar’s price range (High–Low) and tick volume.
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Normalizes both values over a set period (default: 14).
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Plots the absolute difference between them ×100 — showing how closely price action aligns with trading activity.
Interpretation:
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High values: imbalance — e.g. high volume with small moves (accumulation) or strong moves with low volume (weak trend).
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Low values: volume and price are aligned — balanced market conditions.
Features:
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Simple line display (default: DodgerBlue).
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Adjustable normalization period.
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Works on any symbol or timeframe.
Use It To:
Spot hidden buying/selling, confirm trend quality, and identify early signs of reversals through volume–price divergence.
