[blackcat] L1 volume Oscillator Indicator by blackcat1402

centeredoscillator trendanalysis volumeoscillator blackcat1402 divergence

Level: 1

Background

Omega Research proposed volume oscillator indicator in June 2000.

Function

This is actually a volume-price indicator. With columns greater than zero line, which indicates a up trend. Otherwise, it is a down trend. Green columns indicate up trend pump; yellow columns indicate up trend retracements; red columns indicate down trend dump; blue columns indicate down trend re-bounce.

Key Signal

VolOsc --> volume osillator indicator.

Remarks

This is a Level 1 free and open source indicator.

Feedbacks are appreciated.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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.

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