VolumeFlowOscillatorLib

Volume Flow Oscillator Library

Overview
The Volume Flow Oscillator library provides a comprehensive framework for analyzing directional volume flow in financial markets. It creates a multi-band oscillator system that transforms price and volume data into a spectrum of sensitivity bands, revealing the underlying buying and selling pressure.

Technical Approach
The library combines price direction with trading volume to generate an oscillator that fluctuates around a zero line, with positive values indicating buying pressure and negative values showing selling pressure. Using sophisticated ALMA (Arnaud Legoux Moving Average) smoothing techniques with asymmetric sensitivity, the library creates seven distinct bands that help identify various intensity levels of volume flow.

Key Features

• Multi-band oscillator system with seven sensitivity levels
  
• Directional volume flow analysis combining price movement and volume
  
• Zero-line oscillation showing the balance between buying and selling pressure
  
• Asymmetric ALMA smoothing for different sensitivity on positive/negative bands
  
• Customizable lookback periods and multipliers for fine-tuning
  
• Color-coded visualization for intuitive chart reading
  

Applications
This library offers developers a versatile foundation for creating volume-based indicators that go beyond simple volume measurement to reveal the directional force behind market movements. Ideal for confirming price trends, detecting divergences, identifying volume climaxes, and assessing overall market strength.