blackcat1402

[blackcat] L1 volume Oscillator Indicator

Level: 1

Background

Omega Research proposed volume oscillator indicator in June 2000.



Function

This is actually a volume-price indicator. With columns greater than zero line, which indicates a up trend. Otherwise, it is a down trend. Green columns indicate up trend pump; yellow columns indicate up trend retracements; red columns indicate down trend dump; blue columns indicate down trend re-bounce.



Key Signal

VolOsc --> volume osillator indicator.


Remarks

This is a Level 1 free and open source indicator.

Feedbacks are appreciated.

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