Estimates the buy and sell volume of each candle by using a configurable lower time-frame and creates a momentum oscillator for buy and sell volume, PVO.
This indicator shows higher than normal volume when the silver line cross above 0 and lower than normal when below. The green and red oscillators give an indication of trend direction where the wider they are the stronger the trend.
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Release Notes
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Added an option to calculate buy and sell volume weighted by wicks. This assumes the most obvious formation of the wicked candle and is turned on by default.
Release Notes
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Fixed issue preventing chart from plotting with higher time-frames using 15m resolution.