OPEN-SOURCE SCRIPT
VVOscillator [nb]
Multiple volume oscillators in one.
Description:
As Warren Guppet once said, be “fearful when others are buying less, and greedy when others are selling less.”
Divergences are the main point of usage of all bundled indicators.
This is the unedited "Variable Volume Oscillator v1" released for free use. In the time since I've created it, I've realized it's something I'd like to share because I like it and hope you will too.
Description:
As Warren Guppet once said, be “fearful when others are buying less, and greedy when others are selling less.”
Divergences are the main point of usage of all bundled indicators.
- OBV Oscillator, remade. The formula has been changed to smooth out the way OBV is calculated during a trending move
- OBV Oscillator, original OBV formula.
- Price Volume Trend Oscillator. Similar to OBV, except price is taken into account as well.
- Price Volume Trend Oscillator, log.
- Accumulation/Distribution. (close - low) - (high - close) / (high - low), then multiplied by volume
- Chaikin Money Flow . Very similar to accum/dist except it was already made into an oscillator.
- OBV just by itself. Change style to line for easier interpretation.
- Experimental function that utilizes a part of CCI
This is the unedited "Variable Volume Oscillator v1" released for free use. In the time since I've created it, I've realized it's something I'd like to share because I like it and hope you will too.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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