Volume Oscillator - Indicator Formula



When Volume Oscillator is above the Zero-Line, this signifies that the shorter-term volume moving average is above the longer-term volume moving average indicating the short term trend is higher than the longer-term volume trend.


When Volume Oscillator is below the Zero-Line, this signifies that the longer-term volume moving average is above the shorter-term volume moving average indicating the long term volume trend is higher than the short-term volume trend.


Calculation:


Volume Oscillator = 100 * SMASHR – SMALNG / SMALNG

Where:


SMASHR = Shorter Period SMA of Volume


SMALNG = Longer Period SMA of Volume


volume oscillator.png

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