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Volume Oscillator - Indicator Formula

Updated

When Volume Oscillator is above the Zero-Line, this signifies that the shorter-term volume moving average is above the longer-term volume moving average indicating the short term trend is higher than the longer-term volume trend.

When Volume Oscillator is below the Zero-Line, this signifies that the longer-term volume moving average is above the shorter-term volume moving average indicating the long term volume trend is higher than the short-term volume trend.

Calculation:

Volume Oscillator = 100 * SMASHR – SMALNG / SMALNG

Where:

SMASHR = Shorter Period SMA of Volume

SMALNG = Longer Period SMA of Volume

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