"Volume" waves oscillator

Category: Indicators By: TACBOLSA Created: October 30, 2017, 9:48 AM
October 30, 2017, 9:48 AM
Indicators
4 Comments

This oscillator doesn’t really deals with Volumes but try to display price waves by calculating distance from price in relation with a Weighted moving average of 150 periods.

//RB@72
//Oscilador de Volumen
cero=0

Onda = Weightedaverage [150] (close)
Wave= ((close/Onda)-1)*100

return Wave*10 as "Vol-Ex",cero coloured (0, 0, 0) as "cero"

 

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Filename: RB-Volumne-v1.itf
Downloads: 430
TACBOLSA Master
Analista independiente y programador de indicadores.
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