The Volume Oscillator shows aspread of two different moving averages of volume over a specified period oftime. The Volume Oscillator offers a clear view of whether or not volume isincreasing or decreasing. The Volume Oscillator displays the difference betweentwo moving averages of a volume. The difference between the moving averages canbe expressed in either points or percentage.
You can use the differencebetween two moving averages of volume to determine if the overall volume trendis increasing or decreasing. When the Volume Oscillator rises above zero, itsignifies that the shorter-term volume moving average has risen above thelonger-term volume moving average, and thus, that the short-term volume trendis higher than the longer-term volume trend.
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