Percent Volume Oscillator - PVO

[dwhall]

Is the Percent Volume Oscillator (PVO) indicator available for NinjaTrader either as a built-in ind or provided as a 3rd party ind? Thanks

[eDanny]

It is a good idea to also provide a description and maybe a chart picture of what you are looking for. It is always possible it is available under another name too. Did you do a search of the forum for the name you are looking for? Dan

[dwhall]

PVO (Percent Volume Oscillator)

The attachment shows the indicator being used as a sell signal along with stochastics (when they are pinching together). Suggestion in context is for using as an exit from a PPO - ADX Pinching trade entry setup. (for equities in my case). I found a formula for PVO (different from PPO) as follows:
PVO = ((Volume_EMA_Fast - Volume_EMA_Slow) / Volume_EMA_Fast) x 100

I was able to create the histogram using this formula in a custom indicator - but would also like to have the moving average lines as shown in the attachment. (I copied and modified the VolumeOscillator for this).

I was thinking this might be a known indicator but did a search and didn't find many hits for it. In my case I'm looking for a good sell indicator and have others I can use. It's not a big deal but wanted to check just in case it was a known indicator that others have used and also if there's a 3rd party version available.

I am not the author of the attachment and give due credit to whoever the originator is. Here's the link for the source of the attached image.

http://investorshub.advfn.com/boards/board.aspx?board_id=9737&NextStart=43130

Thanks

[eDanny]

I'll take a closer look tomorrow.

[eDanny]

Is this what you are looking for? Dan