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OPEN-SOURCE SCRIPT
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Volume Flow Oscillator (VFO)

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I created the Volume Flow Oscillator (VFO) to explore the intricate interplay between volume and price movements over a specific lookback period. This tool contrasts volumes that move in sync with the price against those that move in opposition, signaling potential overbought or oversold territories. To determine the direction, I compare the current price to its value four periods back, shedding light on underlying bullish or bearish momentum. The VFO enriches my analysis and decision-making by offering a detailed perspective on how volume trends correlate with price changes. Its color-coded visuals are crucial for highlighting optimal trading points based on volume dynamics.
Catatan Rilis
Improved method for series min/max calculation
Catatan Rilis
New Features:
Price Comparison Period Customization: Added an adjustable price comparison period for enhanced oscillator adaptability, allowing customization between 1 to 4 bars.
Catatan Rilis
Updated: Added dynamic threshold lines

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

tkarolak
Juga di:
oscillaltorOscillatorsVolume Indicatorvolumeanalysisvolumepriceanalysis

Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
oscillaltorOscillatorsVolume Indicatorvolumeanalysisvolumepriceanalysis

Skrip open-source

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

tkarolak
Juga di:

Pernyataan Penyangkalan

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.