Indicator Formula

Technical Details — Volume Oscillator (VO)
Section titled “Technical Details — Volume Oscillator (VO)”Overview
Section titled “Overview”The Volume Oscillator calculation produces a n unbounded oscillator measuring volume.
Mathematical Derivation
Step 1 — Calculate VO
Section titled “Step 1 — Calculate VO”Purpose: Derive the Volume Oscillator value.
See the Volume Oscillator formula derivation in technical references.
Where:
- Period parameters control lookback sensitivity
What This Measures: Volume dynamics
Compact Formula Summary
Refer to Volume Oscillator formula for compact notation.
Defaults: Fast Period = 5 bars, Slow Period = 10 bars
Complete Calculation Example
See the Volume Oscillator technical documentation for worked calculation examples.
Key Takeaways from the Example
- Period sensitivity: Shorter periods = more signals, longer = smoother
- Threshold selection: Adjust based on asset volatility
- Signal line: Smoothed version for crossover timing