Indicator id: USER;e7a774913c1242c3b1354334a8ea0f3c (only relevant to those that use API requests) MEANINGFUL DESCRIPTION: The Volume Zone oscillator breaks up volume activity into positive and negative categories. It is positive when the current closing price is greater than the prior closing price and negative when it's lower than the prior closing price....
My interpretation of Walid Khalil's Volume Zone Oscillator (VZO) as published in the 2009 International Federation of Technical Analysis Journal. This VZO indicator is also the same as Danielle Shay's popular Simpler Trading TurboVZO indicator. ABOUT: The oscillator breaks up volume activity into positive and negative categories. It is positive when the current...
Heatmap I made/reverse engineered. Currently tracks the 4 following oscillators: - CCI (Channel Commodity Index) - MFI (Money Flow Index) - VZO (Volume Zone Oscillator) - RSI (Relative Strength Index) Any feedback or suggestions highly appreciated. /* Inspiration taken from @ByzantineGeneral (TradingView profile: /u/ByzantineGeneral, indicator:...
Credits go to @NeoButane as basis is taken from his open-source code and I modified it - changes described below. Usage: Positive -> bullish, negative -> bearish -60/60 is seen as the limit of the oscillator range, and a pullback should be expected from there -40/40 are in general Oversold/Overbought levels Modifications: added alerts added Divergences...
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.
" Volume Precedes Price is the conceptual idea for the oscillator." "The main idea of the VZO was to try to change the OBV to look like an oscillator rather than an indicator, also to include time; primarily to identify which zone the volume is located in during a specific period " How to read this indicator: Positive reading -> bullish Negative reading...
This is a simple update of Lazy Bear's " Indicators: Volume Zone Indicator & Price Zone Indicator" Script. PZO plots on the same indicator. The horizontal plot lines are taken primarily from two articles by Wahalil and Steckler "In The Volume Zone" May 2011, Stocks and Commodities and "Entering The Price Zone"June 2011, Stocks and Commodities. With both...