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VOLUME ZONE OSCILLATOR

PostPosted: Tue Aug 14, 2012 4:52 am
by Apprentice
VZO.png


In his book Technical Analysis Of The Financial Markets, John J. Murphy explains that using oscillators provides three benefits:
Overbought and oversold conditions warn that price trend is overextended and vulnerable.
Divergence between oscillator and price action shows hidden strength or weakness in the market, which is not apparent in the price action.
The crossing of the zero line can give an important trading signal.
The formula depends on only one condition: If today’s closing price is higher than yesterday’s, then the volume will have a positive value (bullish). Otherwise, it will have a negative value (bearish).

VZO.lua
(3.11 KiB) Downloaded 1130 times


The indicator was revised and updated

MQ4/MT4 version.
viewtopic.php?f=38&t=25075

Re: VOLUME ZONE OSCILLATOR

PostPosted: Sat Oct 27, 2012 11:44 am
by juju1024
Hi,

Can you convert this indicator to MQ4 format ?

thanks

Re: VOLUME ZONE OSCILLATOR

PostPosted: Sun Oct 28, 2012 4:33 am
by Apprentice
Your request is added to the development list.

Re: VOLUME ZONE OSCILLATOR

PostPosted: Sun Oct 28, 2012 8:36 am
by Apprentice
Requested can be found here.
viewtopic.php?f=38&t=25075

VZO Candle

PostPosted: Thu May 16, 2013 3:15 am
by Apprentice
vzo.png

VZO Candle.lua
(3.29 KiB) Downloaded 875 times

Re: VOLUME ZONE OSCILLATOR

PostPosted: Tue May 23, 2017 10:23 am
by Apprentice
Indicator was revised and updated.

Re: VOLUME ZONE OSCILLATOR

PostPosted: Tue Jan 01, 2019 8:43 am
by logicgate
Hello brothers! Happy new year, that this new yer be of very profitable trading for us!

Would you please compile a MT4 version of the VZO indicator? With some mods:

-When above 0 the main data line is green
-When below 0 the main data line is red
-Option in indi settings to apply smoothing to main data (SMA or EMA).
-Option in indi settings to apply an SMA or EMA to main data, to serve as a trigger line.


Cheers!

Re: VOLUME ZONE OSCILLATOR

PostPosted: Wed Jan 02, 2019 5:07 am
by Apprentice

Re: VOLUME ZONE OSCILLATOR

PostPosted: Wed Jan 02, 2019 6:37 am
by logicgate
Apprentice wrote:MQ4/MT4 version.
viewtopic.php?f=38&t=25075


Thanks brother!! :D