OPEN-SOURCE SCRIPT

Strategy allows you to fine-tune the indicator for 1 TimeFrame at a time; cross Timeframe Input fine-tuning is done manually after exporting the chart data.

I suggest using "Close all" input False when fine-tuning Inputs for 1 TimeFrame. When you export data to Excel/Numbers/GSheets I suggest using "Close all" input as True, except for the lowest TimeFrame.

MEANINGFUL DESCRIPTION:

The

By combining the

HOW TO USE THE INDICATOR:

The default period is 2 but can be adjusted after backtesting. (I suggest 5 VZO length and NoiceR max length 8 as-well)

The

HOW TO USE THE STRATEGY:

Here you fine-tune the inputs until you find a combination that works well on all Timeframes you will use when creating your Automated Trade Algorithmic Strategy. I suggest 4h, 12h, 1D, 2D, 3D, 4D, 5D, 6D, W and M.

When I

ORIGINALITY & USFULLNESS:

Personal combination of Fourier and Wavalet aproximation of a price which results in less noise Volume Zone Oscillator.

The

The

This indicator utilizes the concept of

DETAILED DESCRIPTION:

My detailed description of the indicator and use cases which I find very valuable.

Oscillators are chart indicators that can assist a trader in determining overbought or oversold conditions in ranging (non-trending) markets.

Price Zone Oscillator measures if the most recent closing price is above or below the preceding closing price.

Volume Zone Oscillator is Volume multiplied by the 1 or -1 depending on the difference of the preceding 2 close prices and smoothed with Exponential moving Average.

If the VZO is above 0 and VZO is rising. We have a bullish trend. Most likely.

If the VZO is below 0 and VZO is falling. We have a bearish trend. Most likely.

Rising means that VZO on close is higher than the previous day.

Falling means that VZO on close is lower than the previous day.

It means we have a high probability of a bearish trend.

Thus the indicator returns 0 and

In the next Image you can see that trend is negative on 4h, negative on 12h and positive on 1D. That means trend is negative.

I am sorry, the chart is a bit messy. The idea is to use the indicator over more than 1 Timeframe.

They are mathematical concepts for making a discrete set of numbers a

continuous curved line.

Fourier and Wavelet approximation of a close price are taken from aprox library.

https://www.tradingview.com/script/F4THFatm-aprox/

Key Features:

You can tailor the

Choose between the traditional

Fast setting are setting by default:

VZO length = 2

NoiceR max Length = 2

Slow settings are:

VZO length = 5 or 7

NoiceR max Length = 8

As you can see fast setting are more volatile. I suggest averaging fast setting on 4h 12h 1d 2d 3d 4d W and M Timeframe to get a clear view on market trend.

You have set Setting VzoDifference to 15. That reduces the number of trend changes.

VZO crossed 0 line but not 15 line and that's why Indicator returns 0 in one case an 1 in another.

A way of calculating Bullish or Bearish (W&)FSVZO .

If smooth length is 2 the trend is rising if:

Meaning that we check if VZO is higher that exponential average of the last 2 elements.

If smooth length is 1 the trend is rising if:

Use this Strategy to

https://www.tradingview.com/script/YNwMIZgi-Wavelet-Fourier-Smoothed-Volume-zone-oscillator-W-FSVZO/

(Strategy allows you to fine-tune the indicator for 1 TimeFrame at a time; cross Timeframe Input fine-tuning is done manually after exporting the chart data)

I suggest using "

Automated Trading Algorithms: discord.gg/xuKHyhPKS6

Tutorials-YouTube: youtube.com/channel/UCJH8wJ8Ab_O-HTb0wrrtAKQ

Mathematical papers:

algoalert.net/pdfs/fourier.pdf

algoalert.net/pdfs/IEEEwavelet.pdf

Tutorials-YouTube: youtube.com/channel/UCJH8wJ8Ab_O-HTb0wrrtAKQ

Mathematical papers:

algoalert.net/pdfs/fourier.pdf

algoalert.net/pdfs/IEEEwavelet.pdf

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