The with VW is an oscillator that gives readings between -100 and +100. The usual use is to 'go long' with values over +100 and short on values less than -100.
Another use of this oscillator is a countertrend indicator where one sells at crosses under +100 and buys on crosses over -100.
Title="CCI with Volume Weighted EMA" //CCI with Volume Weighted EMA //This indicator uses a Volume Weighted EMA which is then plugged into //the standard CCI(Commodity Channel Index) formula. //By SpreadEagle71 study(title="CCI with Volume Weighted EMA ", overlay=false) length = input(10, minval=1) xMAVolPrice = ema(volume * close, length) xMAVol = ema(volume, length) src = xMAVolPrice / xMAVol ma = sma(src, length) cci = (src - ma) / (0.015 * dev(src, length)) plot(cci, color=black, linewidth=2) band1 = hline(100, color=gray, linestyle=dashed) band0 = hline(-100, color=gray, linestyle=dashed) fill(band1, band0, color=olive)