OGT Volume Pro is an advanced professional indicator for vertical volume analysis using VSA (Volume Spread Analysis) and Price Action methodology .
It works in NinjaTrader 8 for volume bar analysis. It's a Volume Up/Down tool with additional features; it automatically marks liquidity zones on the chart for high-volume candlesticks ( Climax bars ) that are typically tested during pullbacks.
The number of candles/zones and the percentage increase above the average for the calculation is fully customizable, as are many of its details including borders, background color, sound alerts, opacity, among others.
OGT Volume Pro features advanced algorithms for detecting churn bars , which are candlesticks with relatively high volume but little price movement. They are frequently seen when the price fails to reach a new low or high, typically with small bodies and long wicks. They indicate indecision and potential price reversals.
It works perfectly in all sessions and on any instrument of different liquidity, in regulated and unregulated financial markets such as Futures, Forex, Cryptocurrencies, CFDs, among others.
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