Example J3: Using volume as oscillator
This is not a ready-to-use trading strategy. A trading strategy requires adjustment to the timeframe and symbol, along with thorough backtesting. The example is intended as a foundation for your own custom strategy and to help you get familiar with the Expert Advisor Builder web application. To import and use an example, please follow the instructions provided here.
Description
This example uses volume indicators for signal generation, requiring tick data for accurate calculation. Volume provides unique market insights unavailable from price alone, revealing the conviction behind price movements. Higher volume suggests stronger commitment to new price levels.
The every-tick requirement ensures accurate volume measurement, though this demands more processing power. Volume-based signals often confirm price-based signals, providing additional validation. The oscillator display shows volume patterns clearly for analysis.
Volume strategies work best in liquid markets where volume data is reliable. This example introduces non-price data integration, expanding strategy possibilities beyond pure technical analysis.
Every tick as model required
Recreate the Example
You can either import this example directly or set it up manually. To manually replicate the trading module, make sure a newly added module includes the following key settings and that the professional mode is activated:
Trade Basics
- Operation type = Long signals only drawn
- General signal visualization = On
Signal Generation - Indicators - VOLUME
- Signal in use = On
- Signal used for = Entry
- Selected indicator = VOLUME
- Series = Close
- Draw in chart = On
- Drawing slot = 1
Screenshots
