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Volume Zone Oscillator and Price Zone Oscillator (VZO/PZO)

Credits go to @NeoButane as basis is taken from his open-source code and I modified it - changes described below.

Usage:
Positive -> bullish , negative -> bearish
-60/60 is seen as the limit of the oscillator range, and a pullback should be expected from there
-40/ 40 are in general Oversold/Overbought levels

Modifications:
  • added alerts
  • added Divergences formula
  • added additional types of smoothing
  • added signal display based on described above usage (extreme levels of oscillations and bounce back)

Skrypt open-source

Zgodnie z prawdziwym duchem TradingView, autor tego skryptu opublikował go jako open-source, aby traderzy mogli go zrozumieć i zweryfikować. Brawo dla autora! Możesz używać go za darmo, ale ponowne wykorzystanie tego kodu w publikacji jest regulowane przez Dobre Praktyki. Możesz go dodać do ulubionych, żeby używać go na wykresie.

Chcesz użyć tego skryptu na wykresie?
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Komentarze

Hello, mice to meet you! I from Brazi and i using other indicators Do you have the code to download or indicaror? Is free? Thank You. Carlos
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