J Weighted Average Price

📘 How to Use the OBV VWAP Reentry Signal Effectively
This indicator plots a VWAP based on OBV (On-Balance Volume), along with dynamic bands to identify overbought and oversold conditions in volume flow.

🔺 Red Triangle Up: Appears when OBV crosses back below the upper band → Potential reversal from overbought → Watch for short opportunities.

🔻 Blue Triangle Down: Appears when OBV crosses back above the lower band → Potential reversal from oversold → Watch for long opportunities.

📌 Tip: Use these signals in confluence with price action or trend confirmation to filter false signals. For example:

Enter short after a reentry from upper band and a lower high in price.

Enter long after a reentry from lower band and a bullish candle structure.

This setup helps you catch mean reversion moves based on volume flow, not just price.