INVITE-ONLY SCRIPT
已更新 Normalized Volume Zone [Orderflowing]

Normalized Volume Zone | Normalized VZO | Volume Analysis | Normalization (+) | Customizable (+)
Built using Pine Script V5.
Introduction
The Normalized Volume Zone is an indicator rooted in the classic VZO concept, this indicator takes a step further by normalizing the volume data.
Ideal for traders who rely heavily on volume data and seek a normalized dataset to interpret volume trends and signals.
Inspiration and Innovation
The tool builds upon the foundational concepts of the Volume Zone Oscillator (VZO), introduced by Walid Khalil and David Steckler.
This indicator enhances the traditional VZO by introducing advanced normalization calculations, offering traders a new approach to volume-based market analysis.
Core Features
*Some of the normalization methods require that you change the length of smoothing.
Example of Multi-Timeframe (4H Calculation on 30M Chart):

Example of HMA Smoothing & Z-Score Normalization:

Functionality
Usage and Applications
Conclusion
The Normalized Volume Zone indicator stands as a great indicator in volume-based trading analysis.
By normalizing the data, it offers traders a custom view of the volume oscillation.
This indicator is particularly valuable for those who prioritize volume in their analysis, providing a good view of market strength and momentum.
It is important to remember that while this indicator offers volume analysis, it is not recommended to only use this for trading decisions.
Built using Pine Script V5.
Introduction
The Normalized Volume Zone is an indicator rooted in the classic VZO concept, this indicator takes a step further by normalizing the volume data.
Ideal for traders who rely heavily on volume data and seek a normalized dataset to interpret volume trends and signals.
Inspiration and Innovation
The tool builds upon the foundational concepts of the Volume Zone Oscillator (VZO), introduced by Walid Khalil and David Steckler.
This indicator enhances the traditional VZO by introducing advanced normalization calculations, offering traders a new approach to volume-based market analysis.
Core Features
- Calculation Sources: Choose from HLC3, OHLC4, close, or open for VZO calculations.
- Customizable Periods: Set your preferred periods for VZO calculation, MA length, and percentile lookback, the indicator bends to your trading style.
- Advanced Smoothing Options: Select from a range of smoothing methods like HMA, Fourier, SMA, EMA, WMA, DEMA, and TEMA for the VZO line.
- Normalization Techniques: Apply normalization methods such as Percentile, Min-Max, Z-Score, or Log to the VZO data.*
- Visual Enhancements: Color-coded VZO and MA lines, along with optional dots for significant changes, provide clear visual cues for easier interpretation.
- Multi-Timeframe: Can be used on different timeframes for calculation.
*Some of the normalization methods require that you change the length of smoothing.
Example of Multi-Timeframe (4H Calculation on 30M Chart):
Example of HMA Smoothing & Z-Score Normalization:
Functionality
- Normalization: The indicator normalizes the smoothed VZO data, making it more consistent and comparable across different trading scenarios.
- Visual: The color changes in the VZO and MA lines, along with the optional dots, offer dynamic visual feedback on market conditions.
Usage and Applications
- Volume Trend Analysis: The normalized VZO provides a good picture of volume trends, helping traders identify potential reversals or continuation patterns.
- Comparative Analysis: Normalization allows for more meaningful comparisons of volume data across different instruments or time frames.
- Risk Management: Use the indicator to filter instrument strength and volatility.
Conclusion
The Normalized Volume Zone indicator stands as a great indicator in volume-based trading analysis.
By normalizing the data, it offers traders a custom view of the volume oscillation.
This indicator is particularly valuable for those who prioritize volume in their analysis, providing a good view of market strength and momentum.
It is important to remember that while this indicator offers volume analysis, it is not recommended to only use this for trading decisions.
發行說明
V1.1 - Reworked Inputs Section.Reworked Divergence Logic.
Added Toggle Option For Visualizing VZO Trend Shift.
Added Band Visual Option.
發行說明
V1.2 - Pine Script™ v6 Update僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫Orderflowing。
除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
To start using this script, please visit our site: https://orderflowing.com for access.
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
William | Orderflowing
Develop Edge For Markets™
Indicators:
tradingview.com/u/Orderflowing/
orderflowing.com/indicators
Get Instant Access: orderflowing.com/pricing
Develop Edge For Markets™
Indicators:
tradingview.com/u/Orderflowing/
orderflowing.com/indicators
Get Instant Access: orderflowing.com/pricing
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本,且通常需付費。您可以將此腳本加入收藏,但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情,請依照作者說明或直接聯繫Orderflowing。
除非您完全信任其作者並了解腳本的工作原理,否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
To start using this script, please visit our site: https://orderflowing.com for access.
提醒:在請求訪問權限之前,請閱讀僅限邀請腳本指南。
William | Orderflowing
Develop Edge For Markets™
Indicators:
tradingview.com/u/Orderflowing/
orderflowing.com/indicators
Get Instant Access: orderflowing.com/pricing
Develop Edge For Markets™
Indicators:
tradingview.com/u/Orderflowing/
orderflowing.com/indicators
Get Instant Access: orderflowing.com/pricing
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。