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Volume ZoneOscillator

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Walid Khalil and David Steckler presented the Volume Zone Oscillator (VZO) indicator in 2009 in the journal IFTA (International Federation of Technical Analysis), and then in the journal and a follow-up in Technical Analysis of Stocks and Commodities in May 2011.

  • Algo Selection: the choice of using the original algorithm or my author’s exclusive alternative option.
  • Signal Period: the number of bars or candles used for calculations.
  • Line Level: The level of the dotted line. Default is 60/-60
  • Select Mode: select the averaging method. The original algorithm uses an exponential average.
  • Max Boundaries: zoom in or out with the center set to 0.
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