Omega Research proposed volume oscillator indicator in June 2000.
Function
This is actually a volume-price indicator. With columns greater than zero line, which indicates a up trend. Otherwise, it is a down trend. Green columns indicate up trend pump; yellow columns indicate up trend retracements; red columns indicate down trend dump; blue columns indicate down trend re-bounce.
Excellent indicator, I love it. What plans do you have for future versions? Something cool would be Wyckoff pattern recognition, or the patterns described by Tom Williams in Master the Markets. Greetings!
blackcat1402
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@pinguin0525, you can refer to L4 Better KVO for a look
Team_Sekoya
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repaint ? (valuewhen)
blackcat1402
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@Team_Sekoya, you'd better own capabiliity to detect yourself rather than asking :D
Team_Sekoya
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@blackcat1402, If I knew I would not ask a question: | thanks anyway
blackcat1402
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@Team_Sekoya, i mean why it matters whether it repaints or not for a volume oscillator, it does not provide precise entry signal at all :D I just think it’s not appropriate to categorize it as black or white without looking at the types of technical indicators. That's why I remind you cryptically. What if repaint for this indicator?
Team_Sekoya
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@blackcat1402, you're right . But divergence itself is a signal. Re-painting divergence was a question for me.