OPEN-SOURCE SCRIPT

Cumulative Volume Oscillator

Updated
CVO: Cumulative Volume Oscillator allows you to choose between 3 types of oscillators based on volume indicators:

-OBV (On Balance Volume)
-CVD (Cumulative Volume Delta)
-PVT (Price Volume Trend)

Being a volume based oscillator this indicator allows for the detection of divergences between price action and volume, ideal for predicting reversals.
As an oscillator you can choose the length of the fast & slow EMAs, and a signal line is provided for trend following.
Release Notes
-Updated to Pine V5

-Added option to normalize values using the long length as reference, enclosing most of the indicator values inside 2 standard deviations:
https://www.tradingview.com/x/oRk542rp/
CVDOn Balance Volume (OBV)OscillatorspvtVolume

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.

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