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| General Discussion · Volume Zone Oscillator | |
| snappyfrog msg #152814 |
6/27/2020 9:01:30 AM I have included it in my ToS charts this past week. I'm trying to learn how best to read it on daily and intraday charts. I do like how on the color charts one can see weakness in the runs, but not really sure it is going to give me any advantage. Always fun to play and look at different ways of trading. |
| General Discussion · Volume Zone Oscillator | |
| snappyfrog msg #152782 |
6/25/2020 10:04:37 PM Wow, thanks Push |
| General Discussion · Volume Zone Oscillator | |
| snappyfrog msg #152765 |
6/25/2020 1:10:05 PM What this looks like in ToS  |
| General Discussion · Volume Zone Oscillator | |
| snappyfrog msg #152764 |
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); |
| General Discussion · Volume Zone Oscillator | |
| snappyfrog msg #152762 |
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) |
| General Discussion · Volume Zone Oscillator | |
| snappyfrog msg #152761 |
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 |
| Filter Exchange · Price Coming Off of a PVI Low | |
| snappyfrog msg #152699 |
6/21/2020 8:34:51 PM Nibor100, I agree it just may be the universe of stocks. Results for stock $5 and above are not as good. I wish they were, I would be playing options with them. I also have found that many of those that show negative actually made money at some time. Also, I don't enter if there is a gap up on the day of entry. |
| Filter Exchange · Price Coming Off of a PVI Low | |
| snappyfrog msg #152692 |
6/20/2020 11:30:52 PM True penny filter variation of this PVI filter. This limits the number of hits. Over the last month there were 37 hits with 5 that failed to make money for an 86.5% win rate. The largest winner if you sold at dead top (nearly impossible) bought at 0.44 and max price 7 days later was 2.47 (if I remember correctly) for a profit of 456.8% |
| General Discussion · Histogram of PVI Difference | |
| snappyfrog msg #152690 |
6/20/2020 8:32:31 AM I am actually looking at the PVI Histogram, ATR(14) and price to see if I can find a correlation in consolidation of all three. |
| General Discussion · Histogram of PVI Difference | |
| snappyfrog msg #152682 |
6/19/2020 8:46:38 AM Thanks Cheese! |
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