VZO Signal Alerts Oscillator for MT4 Download – Free – [TradingFinder]

The VZO Signal Alert Oscillator, based on the Volume Zone Oscillator, is designed to identify potential trend reversal zones. By analyzing volume fluctuations relative to price movements, this indicator accurately detects overbought and oversold conditions.

One of its key features is its color-coded oscillator line, which visually distinguishes between bullish (green) and bearish (red) momentum.

VZO Signal Alert Indicator Specifications Table

The following table provides detailed specifications of the VZO Signal Alert Oscillator:

VZO Volume Zone Oscillator at a Glance

The VZO Signal Alert Indicator displays volume dynamics using a color-changing line along with a Moving Average, shown in blue. The crossover between the oscillator line and the moving average is considered a potential entry signal.

Additionally, two gray horizontal lines at +40 and -40 mark overbought and oversold zones, respectively.

Bullish Trend Condition

In the 4-hour chart analysis of GBP/USD, the oscillator line dips into the -40 zone, indicating oversold conditions.

The line turns green and crosses above the moving average line. In such a case, the crossover is seen as a strong buy entry signal.

Bearish Trend Condition

In the 1-hour chart of USD/JPY, after entering the overbought zone, the oscillator line turns back and breaks below the moving average line. This crossover is considered a sell entry signal.

VZO Signal Alert Oscillator Settings

Below are the adjustable parameters for the VZO Signal Alert Oscillator:

• Volume Zone Period: Period for calculating volume oscillations
• Signal MA Period: Period of the signal’s moving average
• Signal MA Method: Type of moving average used
• Overbought Level: Reference level for overbought condition
• Oversold Level: Reference level for oversold condition
• Level Style: Style of horizontal level lines
• Level Color: Color of overbought/oversold lines
• Alerts ON: Toggle signal alerts
• Alerts on OB/OS Break: Alert when entering OB/OS zones
• Alert on Current Bar: Trigger alert on current forming candle
• Alert Message: Enable on-screen message alerts
• Alert Sound: Enable sound alerts
• Alert Email: Enable email alerts
• Sound File: Specify alert sound file

Conclusion

The VZO Signal Alert Indicator combines volume dynamics and moving average crossovers to deliver accurate entry and exit points based on volume behavior. It also effectively marks overbought and oversold areas, indicating potential trend reversals.

In this oscillator, the intersection between the volume line and the moving average acts as a key trading signal. When paired with price action or candlestick patterns, the VZO indicator can significantly enhance the accuracy of technical analysis.