Description The Fourier Smoothed Volume Zone Oscillator (FSVZO) is an implementation of the Discrete Fourier Transform in a Volume Zone Oscillator. Its purpose is to smooth price data and reduce noise to provide a more clear and accurate indication of price movement. This indicator also includes additional EMA smoothing to accurately depict reversals. Discrete...
The VZO is a volume-based oscillator that is related to the on-balance volume. Components Overbought & Oversold Zones Zero Line (acts as support/resistnace) Divergence Detection (regular and hidden divergences) Dynamic Colors Highlight Extremes Reversal Risk Arrows Threshold System Custom Symbol Option (e.g. for using volume data of a bigger...
QF VZO is a leading volume oscillator Its advantage is in giving leading buy/sell signals based on volume conditions and identifying overbought/oversold volume conditions, along with extreme overbought/oversold situations which lead to a change in sentiment, and most probably, leads to change of the current trend. QF VZO also has leading divergences to...
Credits go to @NeoButane as basis is taken from his open-source code and I modified it - changes described below. Usage: Positive -> bullish, negative -> bearish -60/60 is seen as the limit of the oscillator range, and a pullback should be expected from there -40/40 are in general Oversold/Overbought levels Modifications: added alerts added Divergences...
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.