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.
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.
版本注释:
Added smooth option
版本注释:
Bar colors disabled by default.
Default smoothing value reduced to 4.
Default smoothing value reduced to 4.