SVSI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Slow Volume Strength Indicator Oscillator defines volume momentum. This indicator was first described in Stock&Commodities (April 2015).
There are five inputs:
explain:
When the oscillator value is below 20, the market is considered oversold, which means it is time to look for long entry opportunities.
When the oscillator value is above 80, the market is overbought, which means it is time to look for short entry opportunities.
Consider overbought/oversold levels, midlines, and divergence relative to the oscillator axis.
Attachment download
📎 svsi.mq5 (12.29 KB)
Source: MQL5 #23127
SVSI - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
SVSI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •