Percentage Volume Oscillator (PVO) – A MACD like technical analysis ap 0

Posted on 17, June 2013

in Category SID


Description for PVO SID 206

Percentage Volume Oscillator (PVO) – A MACD like technical analysis applied to Volume.

Percentage Volume Oscillator (PVO)   A MACD like technical analysis ap/sid The logic for this technical analysis indicator:

#Percentage Volume Oscillator (PVO) - A MACD like technical analysis applied to Volume.

my ($period1,$period2,$smooth)=@_;
#Validate the periods
ValidatePeriods($period1,$period2,$smooth);
#create the columns...
my $macdline = EMA(Volume,$period1)-EMA(Volume,$period2);
my $macds    = EMA($macdline,$smooth);
my $macdhist = $macdline-$macds;
#rename the columns
my $name="PVO($period1,$period2,$smooth)";
SetColumnName($macdline , "$name:line");
SetColumnName($macds    , "$name:signal");
SetColumnName($macdhist , "$name:hist");
#create the indicator with the columns
return ($macdline,$macds,$macdhist);

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