VolumeOscillatorReturn value of the Volume Oscillator calculate by the volume of two different periods.
Syntax:
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1 |
VolumeOscillator[S,L] |
Variation % = 100 * [(short average – long average) / long average]
Interpretation :
When the short average rises above the long average, the oscillator becomes positive and vice-versa. In an uptrend, the prices and the volume oscillator both rise and in a downtrend, the prices and volume oscillator both decrease.
