Volume Zone Oscillator [xdecow]

2020년 12월 1일

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.

2020년 12월 2일

릴리즈 노트

Added smooth option

2020년 12월 3일

릴리즈 노트

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