Volumetrix Ribbon [by Oberlunar]

Volumetrix Ribbon by Oberlunar is a multi-broker “market pressure ribbon” built to make trend context readable at a glance, without trusting a single exchange feed.

In crypto and CFDs, a lot of what traders react to is not real intent, but microstructure noise: isolated wicks, temporary liquidity gaps, exchange-specific order flow, or short-lived dislocations.

The core idea behind this ribbon is straightforward: when momentum and volume pressure agree across venues and across multiple time horizons, the move is more likely to be structural. When they disagree, you’re often looking at chop, rotation, or a transition phase where signals are lower quality.

The script aggregates the same instrument across up to five brokers/exchanges, then builds two aligned perspectives.

The first is TRIX momentum computed across a range of lengths, which helps you see expansion versus contraction without being overly sensitive to raw candle noise.

The second is a normalised volume pressure estimate that tries to express participation directionally rather than treating volume as a simple up/down flag. Each ribbon band represents a different length from fast to slow, and it is rendered as a continuous lane (no blocky squares).

A band turns Aqua when TRIX and volume pressure are aligned bullish relative to a reference baseline, Purple when they align bearish, and neutral when they conflict. Transparency adapts to strength, so you can immediately distinguish weak agreement from dominant agreement.

Read it like a trader: when you see clean, persistent Aqua across many lengths, bullish structure is broad and usually more resilient than a quick pop; when you see clean, persistent Purple across many lengths, bearish structure is broad and usually more than just a wick. When the ribbon is mixed or frequently neutral, you’re in disagreement territory, which typically means ranging conditions, distribution/accumulation, or a regime shift. Fast bands tend to flip first and slow bands follow, which is exactly how transitions behave: reversal attempts appear quickly, while real trend change needs broader confirmation.

The dominance table is there to keep the reading honest. Dominance Bullish and Dominance Bearish are computed as percentages over the total number of lanes, not only over the lanes that are “active.” That means a single bullish lane inside a mostly neutral ribbon is not treated as 100% bullish dominance; it remains a small fraction, and the cell intensity reflects that breadth properly.


Here is a real trade example:

Bearish Dominance


More or less 2R profit


However, this indicator is not a strategy, and it does not predict the future. It’s a context engine designed to help you avoid low-quality chop, validate whether a move has structure behind it, and align entries with phases where momentum and participation are actually synchronised.


Enjoy!
Oberlunar 👁★