PINE LIBRARY
VolumeFlowOscillatorLib
Volume Flow Oscillator Library
Overview
The Volume Flow Oscillator library provides a comprehensive framework for analyzing directional volume flow in financial markets. It creates a multi-band oscillator system that transforms price and volume data into a spectrum of sensitivity bands, revealing the underlying buying and selling pressure.
Technical Approach
The library combines price direction with trading volume to generate an oscillator that fluctuates around a zero line, with positive values indicating buying pressure and negative values showing selling pressure. Using sophisticated ALMA (Arnaud Legoux Moving Average) smoothing techniques with asymmetric sensitivity, the library creates seven distinct bands that help identify various intensity levels of volume flow.
Key Features
Applications
This library offers developers a versatile foundation for creating volume-based indicators that go beyond simple volume measurement to reveal the directional force behind market movements. Ideal for confirming price trends, detecting divergences, identifying volume climaxes, and assessing overall market strength.
Overview
The Volume Flow Oscillator library provides a comprehensive framework for analyzing directional volume flow in financial markets. It creates a multi-band oscillator system that transforms price and volume data into a spectrum of sensitivity bands, revealing the underlying buying and selling pressure.
Technical Approach
The library combines price direction with trading volume to generate an oscillator that fluctuates around a zero line, with positive values indicating buying pressure and negative values showing selling pressure. Using sophisticated ALMA (Arnaud Legoux Moving Average) smoothing techniques with asymmetric sensitivity, the library creates seven distinct bands that help identify various intensity levels of volume flow.
Key Features
- Multi-band oscillator system with seven sensitivity levels
- Directional volume flow analysis combining price movement and volume
- Zero-line oscillation showing the balance between buying and selling pressure
- Asymmetric ALMA smoothing for different sensitivity on positive/negative bands
- Customizable lookback periods and multipliers for fine-tuning
- Color-coded visualization for intuitive chart reading
Applications
This library offers developers a versatile foundation for creating volume-based indicators that go beyond simple volume measurement to reveal the directional force behind market movements. Ideal for confirming price trends, detecting divergences, identifying volume climaxes, and assessing overall market strength.
Pine脚本库
本着真正的TradingView精神，作者将此Pine代码发布为开源库，以便我们社区的其他Pine程序员可以重复使用它。向作者致敬！您可以私密或在其他开源出版物中使用此库，但在出版物中重复使用此代码受网站规则约束。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
Pine脚本库
本着真正的TradingView精神，作者将此Pine代码发布为开源库，以便我们社区的其他Pine程序员可以重复使用它。向作者致敬！您可以私密或在其他开源出版物中使用此库，但在出版物中重复使用此代码受网站规则约束。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。