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Volume Ignition Oscillator

1 265
What it does
This oscillator flags volume surges that occur after a sharp price thrust, while price is still sitting near a local high
or low. It combines three conditions: (1) a significant recent price move measured against ATR, (2) price currently
sitting in the top or bottom zone of its recent range, and (3) current volume running above its moving average. Red
columns above zero suggest distribution/exhaustion at a top (potential short); green columns below zero suggest
capitulation/absorption at a bottom (potential long).

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