RSI of OBV Momentum on Bands: MT4 indicator for volume-driven momentum trading results

This detailed RSI of OBV Momentum on Bands review for 2025 focuses on measurable performance and technical analysis across live and demo accounts. The review examines how the indicator combines On-Balance Volume, Momentum, and Relative Strength Index into a cohesive signal engine, and presents backtested and live trading snapshots to validate the design. The analysis emphasizes exact metrics such as win rate and drawdown observed during 2024-2025 validation windows and compares them with standard RSI and OBV baselines. Louis Wetzel implemented the indicator for MT4 with an audit-friendly subwindow that displays shortname values and logs signals for external verification. What makes RSI of OBV Momentum on Bands unique is its layered confirmation logic. OBV identifies volume-driven pressure, Momentum times the acceleration of price moves, and RSI highlights compression or divergence inside adaptive bands. The algorithm calculates band thresholds dynamically, reducing static parameter drift and allowing more consistent thresholds across different instruments. In practice, the indicator performs best on liquid FX majors and indices where volume and momentum signals align. Risk management is built into the signal rules with explicit band breakout validation and configurable stop placement. Expected performance characteristics include moderate trade frequency, emphasis on mid-term momentum swings, and measurable improvements in signal precision versus single-indicator setups. For transparency, the indicator records values in exported logs, enabling traders to reproduce Louis Wetzel’s claims on MT4.