OPEN-SOURCE SCRIPT
IT Volume Momentum Oscillator
Updated
Author/Creator: Carl Swenlin
Data components required: Up Volume (UV), Down Volume ( DV ), Total
Volume (V).
Description: The Intermediate Term Volume Momentum Oscillator is a
barometer of breadth. To calculate the ITVM add the daily McClellan Oscillator
- Volume (ratio adjusted using the difference of up and down volume divided by
the total volume ) to the daily 39-day exponential average, then calculate a 20-
day exponential average of the result.
Data components required: Up Volume (UV), Down Volume ( DV ), Total
Volume (V).
Description: The Intermediate Term Volume Momentum Oscillator is a
barometer of breadth. To calculate the ITVM add the daily McClellan Oscillator
- Volume (ratio adjusted using the difference of up and down volume divided by
the total volume ) to the daily 39-day exponential average, then calculate a 20-
day exponential average of the result.
Release Notes
Fix momentum variable referenceOpen-source script
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