OPEN-SOURCE SCRIPT
Updated Enhanced FSVZO [lyr77]
The Enhanced Fourier Smoothed Volume Zone Oscillator (EFSVZO) is a trend-following indicator designed to capture meaningful moves on daily timeframes.
By leveraging techniques such as multi-timeframe confirmation and ADX trend confirmation, EFSVZO provides clear trend signals while minimizing noise from minor price movements.
Key Features:
Advanced Smoothing: Combines EMA and SMA for a more robust smoothing of the Volume Zone Oscillator (VZO) values.
Dynamic Multi-Timeframe Confirmation: Automatically adjusts the confirmation timeframes based on the current chart resolution, ensuring more reliable trend signals.
RSI and ADX Trend Confirmation: Integrates RSI and ADX to confirm trend strength and direction.
Trend Conditions: Distinguishes between positive, neutral, and negative trends with clear color-coded signals for easy visualization.
Customizable Parameters: Allows users to adjust key input parameters such as length, smooth length, volume length, neutral zone threshold, and various confirmation thresholds to fit their specific trading needs.
By leveraging techniques such as multi-timeframe confirmation and ADX trend confirmation, EFSVZO provides clear trend signals while minimizing noise from minor price movements.
Key Features:
Advanced Smoothing: Combines EMA and SMA for a more robust smoothing of the Volume Zone Oscillator (VZO) values.
Dynamic Multi-Timeframe Confirmation: Automatically adjusts the confirmation timeframes based on the current chart resolution, ensuring more reliable trend signals.
RSI and ADX Trend Confirmation: Integrates RSI and ADX to confirm trend strength and direction.
Trend Conditions: Distinguishes between positive, neutral, and negative trends with clear color-coded signals for easy visualization.
Customizable Parameters: Allows users to adjust key input parameters such as length, smooth length, volume length, neutral zone threshold, and various confirmation thresholds to fit their specific trading needs.
Release Notes
The Enhanced Fourier Smoothed Volume Zone Oscillator (EFSVZO) is a trend-following indicator designed to capture meaningful moves on daily timeframes.By leveraging techniques such as multi-timeframe confirmation and ADX trend confirmation, EFSVZO provides clear trend signals while minimizing noise from minor price movements.
Key Features:
Advanced Smoothing: Combines EMA and SMA for a more robust smoothing of the Volume Zone Oscillator (VZO) values.
Dynamic Multi-Timeframe Confirmation: Automatically adjusts the confirmation timeframes based on the current chart resolution, ensuring more reliable trend signals.
RSI and ADX Trend Confirmation: Integrates RSI and ADX to confirm trend strength and direction.
Trend Conditions: Distinguishes between positive, neutral, and negative trends with clear color-coded signals for easy visualization.
Customizable Parameters:
Allows users to adjust key input parameters such as length, smooth length, volume length, neutral zone threshold, and various confirmation thresholds to fit their specific needs.
Release Notes
Updated visualsOpen-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.
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
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.
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.