Volume Zone Oscilator for Amibroker (AFL)
konidena about 15 years ago Amibroker (AFL)
From S& C magazine of May 2011
Screenshots
Indicator / Formula
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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