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Volume Zone Oscilator for Amibroker (AFL)
Rating:
5 / 5 (Votes 5)
Tags:
oscillator, amibroker
From S& C magazine of May 2011
Screenshots
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Indicator / Formula
Copy & Paste Friendly
function VZO( Period ) { R = sign( Close - Ref( Close, -1 ) ) * Volume; VP = EMA( R, Period ); TV = EMA( Volume, Period ); return Nz( 100 * VP / TV ); } Period = Param("Period", 14, 1, 100 ); Plot( VZO( Period ), "Volume Zone Osc" + _PARAM_VALUES(), colorBlack, styleThick ); Plot( 60, "", colorLightOrange, styleNoLabel ); Plot( 40, "", colorLightOrange, styleNoLabel ); Plot( 0, "", colorBlack, styleNoLabel ); Plot( -40, "", colorLime, styleNoLabel ); Plot( -60, "", colorLime, styleNoLabel );
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Looks good to me