OPEN-SOURCE SCRIPT

Volume Flow Oscillator (VFO)

Mis à jour
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.
Notes de version
Improved method for series min/max calculation
Notes de version
New Features:
Price Comparison Period Customization: Added an adjustable price comparison period for enhanced oscillator adaptability, allowing customization between 1 to 4 bars.
Notes de version
Updated: Added dynamic threshold lines
oscillaltorOscillatorsVolume Indicatorvolumeanalysisvolumepriceanalysis

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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