OPEN-SOURCE SCRIPT
Slow Volume Oscillator Indicator - Just a Better Way To Trade
This script is nothing new. However, I feel that traders do not know the full potential it can provide if they just increase the lookback periods.
Tradingview's default Vol Osc uses a fast setting of 5 and a slow setting of 10. It just paints pointless scribbling. Slow all your indicators down and wake up to a whole new world of Technical Analysis.
To create consistency with variables I typically use Fib numbers for lookback periods. (3,5,8,13,21,34,55,89,144,233,377,610,987)
As noted in chart. An increase in volume can be either bullish or bearish. It's up to you to decide which way price action will move.
If you use with other indicators you can create more confirmations.
More confirmations = peace of mind
My favorite indicators are (Detrended Price Oscillator, Momentum, MACD, Chaikin Money Flow, Ultimate Oscillator, and this Volume Oscillator)
Here is just one example of MACD strategy indicator that can be used with this Vol Oscillator
Tradingview's default Vol Osc uses a fast setting of 5 and a slow setting of 10. It just paints pointless scribbling. Slow all your indicators down and wake up to a whole new world of Technical Analysis.
To create consistency with variables I typically use Fib numbers for lookback periods. (3,5,8,13,21,34,55,89,144,233,377,610,987)
As noted in chart. An increase in volume can be either bullish or bearish. It's up to you to decide which way price action will move.
If you use with other indicators you can create more confirmations.
More confirmations = peace of mind
My favorite indicators are (Detrended Price Oscillator, Momentum, MACD, Chaikin Money Flow, Ultimate Oscillator, and this Volume Oscillator)
Here is just one example of MACD strategy indicator that can be used with this Vol Oscillator
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。