Volume Zone Oscillator [xdecow]

1 thg 12, 2020

Volume Zone Oscillator (VZO) is an indicator that presents a different way of looking at OBV.
VZO is a difference (delta) between OBV and an exponential moving average.
The EMA becomes the baseline 0.

And in this way we can observe the strength of the movements, overbought and oversold (when the OBV is far from the average) and divergences.

2 thg 12, 2020

Phát hành các Ghi chú

Added smooth option

3 thg 12, 2020

Phát hành các Ghi chú

Bar colors disabled by default.
Default smoothing value reduced to 4.