Volume Oscillator

Description

The Volume Oscillator uses the difference between two moving averages of volume to determine if the trend is increasing or decreasing. A value above zero indicates that the shorter term volume moving average has risen above the longer term volume moving average. This indicates that the shorter term trend is higher than the longer term trend. Rising prices with with increased short term volume is bullish as is falling prices with decreased volume. Falling prices with increased volume or rising prices with decreased volume indicate market weakness.

Syntax

VolumeOscillator(int fast, int slow)

VolumeOscillator(ISeries\<double\> input, int fast, int slow)

Returns default value

VolumeOscillator(int fast, int slow)[int barsAgo]

VolumeOscillator(ISeries\<double\> input, int fast, int slow) [int barsAgo]

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

Parameters

Parameter	Description
fast	The number of bars to include in the short term moving average
input	Indicator source data (Series<T>)
period	Number of bars used in the calculation
slow	The number of bars to include in the long term moving average

Example

1 // Prints the current value of a Volume Oscillator  
2 double value = VolumeOscillator(12, 26)[0];  
3 Print("The current Volume Oscillator value is " + value.ToString());

Source Code

You can view this indicator method source code by selecting the menu New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.