WhaleCrew VZO

Components
- Overbought & Oversold Zones
- Zero Line (acts as support/resistnace)
- Divergence Detection (regular and hidden divergences)
- Dynamic Colors
- Highlight Extremes
- Reversal Risk Arrows
- Threshold System
- Custom Symbol Option (e.g. for using volume data of a bigger exchange)
Usage
This indicator can be used to identify overbought and oversold market conditions. Unlike the RSI it takes volume into account, which makes it an ever stronger tool.
You can look for divergences, extremes and retests/rejections of the zero-line to predict the future more accurately.
Some traders also like to trade crosses above/below the zero-line as they often mark a sentiment shift.
The Reversal Risk Arrows are plotted when the oscillator is overbought or oversold and at risk of reversing.
Our threshold system allows you to get alerted whenever the VZO has been above/below a certain threshold for a custom amount of candles.
Access to this indicator can be obtained through our website.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact WhaleCrew directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact WhaleCrew directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.