Swordfish Indicators
Volume Zone Oscillator

Updated: 2013/10/15

Volume Zone Oscillator is discussed by Waleed Aly Khalil in The International Federation of Technical Analysts Journal 09.

Download Article:
IFTA09VZO.pdf IFTA09VZO.pdf
Size : 1950.819 Kb
Type : pdf
  • +20 and +40 short entry lines are drawn in red.

  • -20 and -40 long entry lines are drawn in green.

  • The VZO line is drawn in blue.

  • The VZO Moving Average line is drawn in black. The original indicator did not include the VZO MA.

The Swordfish indicator can be downloaded here:
The first code file includes a label X and audio alert that will sound when the VZO crosses down through the -40 level or up through the +40 level.
The second script code file does not include the alert.

Swordfish Indicator:
CS_VZO.txt CS_VZO.txt
Size : 0.521 Kb
Type : txt
CS_VZO No Alert.txt CS_VZO No Alert.txt
Size : 0.385 Kb
Type : txt

The Amibroker research can be found here.

Amibroker Research:

Create the Volume Zone Oscillator on your Swordfish by following the instructions below:
Follow the detailed instructions for the Custom Indicator Installation Example if you are unsure of how to add an indicator or watch our YouTube video.

Create a new custom FML script like the one shown below. Mine is named: CS_VZO
Remember that Swordfish FML does not allow spaces or many other characters in the name. Stick to alphanumerics and underscores.

Volume Zone Oscillator Indicator Manager

VZO uses 2 parameters that have to be added manually when you create the script:

CS_VZO
Volume Zone Oscillator

Name
MAp
MApV

Default
14
14

Minimum
2
2

Maximum
200
200

Type
Double
Double

MAp
MApV

EMA period used by the VZO calculation.
 MA period used when calculating the MA of the VZO.

The sample below shows CS_VZO No Alert added to a new chart area on a 15 minute chart on the 15th and 16th of April 2013.