Volume Intensity Oscillator

Introducing the "Volume Intensity Oscillator" indicator, an advanced tool that utilizes the PeacefulIndicators library to gauge market volume intensity. This innovative indicator is designed to help traders identify potential market trends and improve their trading analysis.

The Volume Intensity Oscillator offers the following key features:

Adjustable input parameters, enabling you to modify the length and the option to remove negative values according to your trading preferences.

A visually appealing display, with the Volume Intensity Oscillator represented as columns in different colors based on the direction of the market movement (red for bearish and green for bullish).

Powered by the rvo function from the PeacefulIndicators library, the core functionality of the Volume Intensity Oscillator ensures accurate and reliable results.

To integrate the Volume Intensity Oscillator into your trading analysis, simply add the script to your chart and customize the input parameters as needed. We hope this script, built upon the PeacefulIndicators library, becomes a valuable asset to your trading strategy.