Ok, this is my experimental version of Volume Zone Oscillator.
It contains two different implementations of the VZO algorithm to deal with the effect of an IIR filter that a certain number of precalculated values are required to ensure precise results.
When experimenting with both versions, it’s recommended to set parameter ‘maximum bars’ to a low value like 50. So you can see the different outcome easily.
My final and suggested version will be posted over in G.’s Trading made REALLY simple thread for use in our community EA.
This post is meant to discuss the concept and algorithms. My currently suggested version for practical use is in G.’s thread.
As with most of my mqh libs, I skipped the effort of precompiling the lib and linking it via a header file – feel free to change!
Attachments:You must be logged in to view attached files.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)