Volume Zone Oscillator (VZO) is an indicator that presents a different way of looking at OBV. VZO is a difference (delta) between OBV and an exponential moving average. The EMA becomes the baseline 0.
And in this way we can observe the strength of the movements, overbought and oversold (when the OBV is far from the average) and divergences.
הערות שחרור
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Added smooth option
הערות שחרור
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Bar colors disabled by default. Default smoothing value reduced to 4.