Trend Confirmation Indicator - Triple OBV

Dear all, you might wonder is there a confirmation indicator that has a high hit rate, is dependable, and could rely on the information it gives you when making a decision?

Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps.

Trend is always invalid then there is a lack of volume , so by tracking the momentum of price direction & volume , we can have a ballpark about where the market is moving to.

On balance volume
obvshort = ema3
obvmedium = ema9
obvlong = ema26

This is a lagging indicator, which means it's not good at predicting reversal.

This is also the reason why

long signal = obvshort > obvmedium and obvshort > obvlong
shortsignal = obvshort < obvmedium and obvshort < obvlong

both without obvmedium >< obvlong

This indicator will not lie to you.

At last

Save Hong Kong, the revolution of our time.
릴리즈 노트: Fixed a typo in the code.
릴리즈 노트: Fixed Typo and Chart.
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기


great it is
Very useful indicator ... excellent work ... Thank you !!!
Excellent and very useful indicator. Thx.
There is a typo in the code
obvshortcondition = obvshort > obvmedium and obvshort < obvlong
should be
obvshortcondition = obvshort < obvmedium and obvshort < obvlong
StillAlive Lancelot_Augur
@Lancelot_Augur, Thanks bro.
Lancelot_Augur StillAlive
@StillAlive, You're welcome.
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