Volume Zone Oscillator (VZO) is a volume based indicator which can be used similarly as price based leading indicators. Here I am going to show some different ways to use this indicator.
At first, lets take a look at the indicator to know how it looks like and identify some remarkable levels.
In the chart above, we can see VZO indicator. Thi [...]
Posts tagged trading strategy
Interpretation of Volume Zone Oscilla...
Volume Zone Oscillator (VZO) is a volume based indicator which can be used similarly as price based leading indicators. Here I am going to show some different ways to use this indicator.
At first, lets take a look at the indicator to know how it looks like and identify some remarkable levels.
In the chart above, we can see VZO indicator. Thi [...]
Nick Swing MA AFL by Kartik Marar
This is a simple but very effective AFL if used properly. Developed by Asian legend Kartik Marar.
Here is the snapshot of the AFL,
Here is the AFL file,
Click here to download the AFL
To use the AFL,
Download the AFL
Go to Amibroker folder of your Program file such as C:\Program Files (x86)\AmiBroker\Formulas
Paste the AFL in a folder
Open [...]
Divergence Trading
Trading in the downtrend or reversals are considered as riskiest technique in Technical Analysis. But reversals can also be detected in a less risky way. Divergence is a very good technique to trade reversals in a less risky way and to pull out good chunk of money from trend reversals. Trend continuation can also be detected by Divergence.
Wh [...]
Turtle Traders Breakout Trading Syste...
At first let me introduce you with the Turtle Traders and Richard Dennis. Richard Dennis proved that successful traders were not born successful and one can learn the technique to be successful in trading and investing. Richard Dennis used a group of peoples to prove this and these group he named Turtle Traders. Here is the brief story of Tur [...]
Trading the W pattern
W pattern is a price pattern, also called Double Bottom. This pattern, when drawn it looks like the W and this is why it is called as W pattern. Sometimes patterns looks like W but it is not the exact W pattern and these patterns are called Semi-W patterns. W patterns occurs in the early stage of the uptrend when market players gets into the [...]
Stoch RSI and MACD trade setup
Here is a simple trade setup using Stoch RSI and MACD. This is reversal type of trading and helps to determine the trend reversals.
Entry Conditions:
Stoch RSI cross the 20 level from oversold region (Red colored box).
MACD gives a buy signal when bullish cross occurs as MACD line cross the signal line from below.
Red colored Rectangles de [...]





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