Gadi OBV v2 Custom Range Indicator

The Gadi OBV (On Balance Volume) v2 Custom Range MT4 Indicator is a momentum-based trading tool designed by Joe Granville to assess the relationship between volume and price movements. This innovative MetaTrader 4 indicator helps traders anticipate potential trend reversals or continuations by focusing on the principle that volume precedes price

.

In simple terms, when market volume increases, it often signals a shift in market sentiment before a noticeable price movement occurs. Traders can use the Gadi OBV v2 indicator to confirm trend strength and detect early signs of momentum change—making it a valuable tool for both beginners and professional traders.

How the Gadi OBV v2 Indicator Works

The Gadi OBV v2 Custom Range MT4 Indicator calculates a running total of volume based on whether price closes higher or lower than the previous period. It then plots a line on the chart to reflect the cumulative volume flow.

Upward OBV Line: Indicates bullish sentiment and buying pressure in the market.

Downward OBV Line: Signals bearish sentiment and selling pressure.

Flat OBV Line: Suggests a consolidation phase with limited trading momentum.

This visual representation helps traders quickly evaluate whether the current market trend has the necessary volume support to continue or whether a trend reversal might be approaching.

How to Trade with the Gadi OBV v2 Custom Range MT4 Indicator

The chart below (see image suggestions) illustrates how the Gadi OBV v2 Custom Range indicator behaves on the EUR/USD currency pair.

When the OBV line moves upward in an uptrend, it confirms that buying volume supports the current bullish move. Conversely, when the OBV line drops during a downtrend, it signals strong selling pressure, confirming a bearish trend.

Trading Tips:

Confirm Trend Direction: Use the Gadi OBV v2 alongside moving averages or trendlines to validate the trend.

Spot Volume Breakouts: A sudden spike in the OBV line often precedes a price breakout, indicating a possible new trend direction.

Combine with Other Indicators: Enhance your 

by pairing it with RSI, MACD, or Bollinger Bands for improved accuracy.

By combining volume analysis with price action, traders can gain a strategic advantage in identifying high-probability trading setups.

Why Use the Gadi OBV v2 Custom Range MT4 Indicator

The Gadi OBV v2 indicator goes beyond standard OBV analysis by allowing traders to define a custom range, providing more flexibility and precision. This makes it ideal for intraday traders, swing traders, and long-term investors who want to tailor the indicator to specific market conditions.

Key Benefits:

Detect early volume-based signals before major price moves.

Confirm market trends with objective volume data.

Customize the analysis range to suit your trading strategy.

Compatible with all major forex, indices, and commodity instruments.

Conclusion and Call to Action

The Gadi OBV v2 Custom Range MT4 Indicator is a powerful addition to any trader’s technical toolkit. By combining volume and price analysis, it helps traders make informed trading decisions and better anticipate market momentum.

To explore more premium and free MT4 indicators, visit IndicatorForest.com — your trusted source for advanced trading tools and expert analysis.