FXCodeBase.COM: Forex Chart Indicators and Development

Based on TS2/Lua version.
viewtopic.php?f=17&t=22397
In his book Technical Analysis Of The Financial Markets, John J. Murphy explains that using oscillators provides three benefits:
Overbought and oversold conditions warn that the price trend is overextended and vulnerable.
The divergence between oscillator and price action shows hidden strength or weakness in the market, which is not apparent in the price action.
The crossing of the zero line can give an important trading signal.
The formula depends on only one condition: If today’s closing price is higher than yesterday’s, then the volume will have a positive value (bullish). Otherwise, it will have a negative value

Thank you very much

Updated.

Update.

VZO Signal Line.MQ4 added.

Not working

Sorry, please ignore the early post. solved

Hi there buddy, can we get a MT5 version of this indicator?

Thanks

Your request is added to the development list.
Development reference 669.

VZO.mq5 added.