Volume Oscillator + Price Action / Owl of Profit

Volume Oscillator + Price Action Strategy

This strategy combines the Volume Oscillator with a Moving Average (MA) to identify trend-following entry and exit points based on momentum and price action.

Features:
Volume Oscillator:

Measures the difference between short-term and long-term EMA of volume.
Short Length: 14 (default).
Long Length: 28 (default).
Helps identify increasing or decreasing momentum in trading activity.
Price Action Moving Average (MA):

A 50-period Simple Moving Average (default) used to determine the overall price trend.
Entry and Exit Logic:
Long Condition:

Volume Oscillator crosses above zero.
Price is above the Moving Average.
Short Condition:

Volume Oscillator crosses below zero.
Price is below the Moving Average.
Exit Long:

Volume Oscillator crosses below zero.
OR price crosses below the Moving Average.
Exit Short:

Volume Oscillator crosses above zero.
OR price crosses above the Moving Average.
Visualization:
Volume Oscillator:

Plotted as a blue line with a horizontal zero line for reference.
Price Moving Average:

Plotted as an orange line on the price chart to show trend direction.
Zero Line:

A horizontal line at zero to help visualize the Volume Oscillator crossovers.
Customization:
Adjustable lengths for Volume Oscillator and Moving Average to fit different market conditions.
This strategy is perfect for traders looking to combine momentum from volume changes with trend-following price action for precise entries and exits.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!