OPEN-SOURCE SCRIPT
Atualizado

Volume Zone Oscillator [xdecow]

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.
Notas de Lançamento
Added smooth option
Notas de Lançamento
Bar colors disabled by default.
Default smoothing value reduced to 4.

Aviso legal