OPEN-SOURCE SCRIPT

Volume Oscillator Refurbished

This is an experimental version of Volume Oscillator.
For more information about Volume Oscillator, please access the link below:

tradingview.com/chart/?solution=43000591350

Objective

The script presented here provides some improvements over the original indicator, namely:

Show multiple moving averages;
Color the bars according to the direction of the averages;
Color the bars when reaching predefined limits.

Below is the print comparing with the original indicator:

Thanks and credits:

Volume Oscillator: TradingView
Moving Averages: PineCoders, CrackingCryptocurrency, MightyZinger, Alex Orekhov (everget), alexgrover, paragjyoti2012, Franklin Moormann (cheatcountry)

Release Notes

1. Improved texts
2. Fields aligned
2. Added background option

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

andre_007

To contribute to my work:
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

andre_007

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