| StockFetcher Forums · General Discussion · Volume Zone Oscillator | << 1 2 >>Post Follow-up |
| snappyfrog 721 posts msg #152761 - Ignore snappyfrog |
6/25/2020 8:44:44 AM This is a pumped up OBV basically. Can someone with greater skills try to write this? This is a short read with the formula. https://www.investopedia.com/articles/active-trading/072815/how-interpret-volume-zone-oscillator.asp |
| snappyfrog 721 posts msg #152762 - Ignore snappyfrog |
6/25/2020 9:00:49 AM ToS Script: plot VZO = 100 * VP / TV; plot VZO_DOTS = 100 * VP / TV; plot "+60" = 60; plot "+40" = 40; #plot "+15" = 15; #plot "-5" = -5; plot "-40" = -40; plot "-60" = -60; plot ZeroLine = 0; VP = volume position = X - period EMA (+/- volume) TV = total volume = X - period EMA (volume) |
| snappyfrog 721 posts msg #152764 - Ignore snappyfrog |
6/25/2020 10:36:48 AM Here is an advanced ToS script: #Indicator Name: Advanced VZO #Contains built-in ThinkOrSwim code from VolumeZoneOscillator() and TOS documentation declare lower; input length = 14; def VP = ExpAverage(Sign(close - close[1]) * volume, length); def TV = ExpAverage(volume, length); plot VZO = 100 * VP / TV; plot VZO_DOTS = 100 * VP / TV; plot "+60" = 60; plot "+40" = 40; #plot "+15" = 15; #plot "-5" = -5; plot "-40" = -40; plot "-60" = -60; plot ZeroLine = 0; VZO.SetDefaultColor(GetColor(1)); "+60".SetDefaultColor(GetColor(6)); "+40".SetDefaultColor(GetColor(6)); #"+15".SetDefaultColor(GetColor(3)); #"-5".SetDefaultColor(GetColor(3)); "-40".SetDefaultColor(GetColor(5)); "-60".SetDefaultColor(GetColor(5)); ZeroLine.SetDefaultColor(GetColor(4)); def ADX = ADX(14); def EMA60 = ExpAverage(close, 60); def trendExistence = ADX > 18; #1 - crosses above EMA60, 2 - above EMA60, 3 - crossing below EMA60, 4 - below EMA60 def direction = if close > EMA60 and close[1] <= EMA60 then 1 else if close > EMA60 and close[1] >= EMA60 then 2 else if close < EMA60 and close[1] >= EMA60 then 3 else 4; def bullishCrossover = if VZO >= 40 and VZO[1] < 40 then 1 else 0; def bearishCrossover = if VZO <= -40 and VZO[1] > -40 then 1 else 0; AddCloud(40, 60, color.green, color.green); AddCloud(-40,-60, color.red, color.red); VZO.AssignValueColor(if VZO > 15 then color.green else if VZO > -5 then color.yellow else color.red); VZO_DOTS.SetPaintingStrategy(PaintingStrategy.POINTS); VZO_DOTS.AssignValueColor(if VZO > 15 then color.green else if VZO > -5 then color.yellow else color.red); VZO_DOTS.SetLineWeight(3); declare upper; input length = 14; def VP = ExpAverage(Sign(close - close[1]) * volume, length); def TV = ExpAverage(volume, length); def VZO = 100 * VP / TV; def ADX = ADX(14); def EMA60 = ExpAverage(close, 60); def trendExistence = ADX > 18; #1 - crosses above EMA60, 2 - above EMA60, 3 - crossing below EMA60, 4 - below EMA60 def direction = if close > EMA60 and close[1] <= EMA60 then 1 else if close > EMA60 and close[1] >= EMA60 then 2 else if close < EMA60 and close[1] >= EMA60 then 3 else 4; def bullishCrossover = if VZO >= 40 and VZO[1] < 40 then 1 else 0; def bearishCrossover = if VZO <= -40 and VZO[1] > -40 then 1 else 0; plot bullSignal = if trendExistence == 1 and direction == 1 and bullishCrossover then 1 else 0; bullSignal.setPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP); bullSignal.SetLineWeight(5); plot bearSignal = if trendExistence == 1 and direction == 3 and bearishCrossover then 1 else 0; bearSignal.setPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN); bearSignal.SetLineWeight(5); AssignPriceColor(if VZO > 15 then color.green else if VZO > -5 then color.yellow else color.red); |
| snappyfrog 721 posts msg #152765 - Ignore snappyfrog |
6/25/2020 1:10:05 PM What this looks like in ToS  |
| push5280 201 posts msg #152767 - Ignore push5280 |
6/25/2020 4:31:45 PM something like this? |
| push5280 201 posts msg #152768 - Ignore push5280 |
6/25/2020 4:37:32 PM added ADX(14) and ema(60) /* Volume Zone Oscillator*/ set{var1, close - close 1 day ago} set{var2, sign(var1)} set{var3, var2 * volume} set{VP, cema(var3,14)} set{TV, cema(volume,14)} set{var4, VP / TV} set{VZO, 100 * var4} /*Criteria*/ Close > 1 average volume(252) > 250,000 average volume(8) > 250,000 /* Charting*/ draw ema(60) draw VZO draw VZO line at 60 draw VZO line at 40 draw VZO line at 15 draw VZO line at -15 draw VZO line at -40 draw VZO line at -60 draw ADX(14) line at 18 /* display */ Chart-time is 252 days |
| push5280 201 posts msg #152769 - Ignore push5280 |
6/25/2020 4:38:47 PM clickable |
| push5280 201 posts msg #152770 - Ignore push5280 |
6/25/2020 4:54:34 PM added bullish and bearish crossover |
| push5280 201 posts msg #152777 - Ignore push5280 |
6/25/2020 7:04:57 PM Ok, I think this is everything :) |
| snappyfrog 721 posts msg #152782 - Ignore snappyfrog |
6/25/2020 10:04:37 PM Wow, thanks Push |
| StockFetcher Forums · General Discussion · Volume Zone Oscillator | << 1 2 >>Post Follow-up |