Volume Oscillator

Description

The Volume Oscillator makes use of the difference between the moving averages based on the trading volume, with a similar result to the MACD or to any other oscillator in which moving averages are used for calculation.

Interpretation

The Volume Oscillator is used to determine the trend strength. If developments in the price of the share are accompanied by disproportionate volume oscillator values, this should be regarded as highly relevant. In this way, the indicator can be used to filter out false signals. Values above zero mean that the shortest moving average of the volume is above the long-term moving average. IsSerieRising prices with a higher short-term volume indicate a bullish scenario.

Usage

VolumeOscillator(int fast, int slow)
VolumeOscillator(IDataSeries inSeries, int fast, int slow)
VolumeOscillator(int fast, int slow)[int barsAgo]
VolumeOscillator(IDataSeries inSeries, int fast, int slow)[int barsAgo]

Return value

double

When using this method with an index (e.g. VolumeOszillator(12,26)[int barsAgo] ), the value of the indicator will be issued for the referenced bar.

Parameters

inSeries Input data series for the indicator

fast Number of bars for the calculation of the fast moving average

slow Number of bars for the calculation of the slow moving average

Visualization

Volume Oscillator

Example

//Output of the current value for the Volume Oscillator
Print("The current value for the Volume Oscillator is: " + VolumeOszillator(12,26)[0]);