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VFO - indicator for MetaTrader 5
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- Published:
- 2018.07.13 15:22
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Indicator VFO (Volume Flow Oscillator) is based on standard indicator OBV (On Balance Volume). It was described in the Technical Analysis of Stocks & Commodities magazine in June, 2004.
Its values above zero are bullish and indicate accumulating, while those below zero indicate distributing.
Divergences between the price and the indicator values may indicate a forthcoming change in the trend.
The indicator has four configured parameters:
- Period - calculation period;
- Dev Coefficient - standard deviation coefficient;
- Vol Coefficient - yesterday's volume impact factor;
- Smoothing period - smoothing period.
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21169
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