Axioma VZO [Volume Zone Oscillator]

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Axioma VZO [Volume Zone Oscillator]

This indicator is a professional evolution of the classic Volume Zone Oscillator (VZO), optimized for modern Market Structure trading and Pullback strategies.

Credits & Origins The underlying concept of the VZO was originally developed by Walid Khalil and David Steckler (published in the IFTA Journal). It is one of the few oscillators that combines price and volume data to precisely measure buying and selling pressure. Logic extension, Hybrid Trend Design & Coding by TradeQUO.

What makes the version special? We have expanded the classic VZO with a unique "Hybrid Market Structure" component:

• Oscillating Trend Line: Instead of rigid levels, we use a smoothed "Slow VZO" curve to visualize market momentum.
• Fractal HTF Coloring: The color of this trend line is not simply based on price, but on the structural integrity of a Higher Timeframe (HTF). It glows Green when the HTF (e.g., 1H or 4H) has broken a Bullish Fractal, and Orange upon a Bearish Break.

Usage for Traders This indicator is excellent for Trend Followers and Pullback Traders:

1. Trend Identification: Look at the color of the thick Trend Line (Middle). Cyan = Bullish Structure, Orange = Bearish Structure.
2. Pullback Entry: If the Trend Line is GREEN, but the fast VZO dips down into the oversold zone (or below 0), this is a high-quality buying opportunity within an existing trend.
3. Exits: Use the Extreme Zones (+60 / -60) to take profits during parabolic moves.

Settings

• VZO Length: Standard 14.
• Trend Source (HTF): Select your anchor timeframe for the trend color here (Default: 60 min).
• Smoothing: Enabled for smoother signals.

Compliance & Source Code Note

Although we are huge fans of Open Source, the source code of this script is protected. The reason is the unique Hybrid-Weighting-Logic which we developed specifically for the Axioma Suite. It ensures that the integrity of the signals is maintained and that no flawed copies circulate that could mislead traders. However, we provide this tool to the community free of charge to support your trading success.

Trade safe & responsible. Design by TradeQUO.

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Update Notes: Performance & Logic Tweak

We have pushed a small but important update to refine the "Hybrid Trend" engine:

• Optimized Trend Smoothing: Adjusted the default calculation for the Trend Filter (now using WMA 45) to ensure a smoother, more reliable detection of market flow.
• Signal Line Removed: We decided to remove the secondary signal line as it was redundant for the core strategy and complicated the visual experience.
• Performance: Overall script efficiency has been improved for faster loading times.

Trade safe, TradeQUO.