Description
The Volume Oscillator study calculates the difference between the two moving averages of volume: the fast and the slow ones.
Positive values of the Volume Oscillator signify a volume uptrend, while the negative ones signify a downtrend.
Input Parameters
| Parameter | Description |
|---|---|
fast length
|
The number of bars used to calculate the fast moving average. |
slow length
|
The number of bars used to calculate the slow moving average. |
color norm length
|
The number of bars defining the coloring algorithm. |
diff type
|
Defines whether the result is expressed as points or percentage relative to slow moving average. |
Plots
| Plot | Description |
|---|---|
VolumeOsc
|
The Volume Oscillator. |
ZeroLine
|
Zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.