LazyBear

Indicator: OBV Oscillator

Everyone uses OBV, right? This indicator makes it easy to read it by building an oscillator out of it.

Also, now look for OBV divergences easily :)

Appreciate any comments / thoughts.
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기
//
// @author LazyBear
// 
// Appreciate a note if you use this code anywhere. 
// 
study(title="On Balance Volume Oscillator [LazyBear]", shorttitle="OBVOSC_LB")
src = close
length=input(20)
obv(src) => cum(change(src) > 0 ? volume : change(src) < 0 ? -volume : 0*volume)
os=obv(src)
obv_osc = (os - ema(os,length))
obc_color=obv_osc > 0 ? green : red
plot(obv_osc, color=obc_color, style=line,title="OBV-Points", linewidth=2)
plot(obv_osc, color=silver, transp=70, title="OBV", style=area)
hline(0)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

코멘트

Can you describe what makes your OBV different from the standard OBV offered? Do you think it gives more accurate divergence setups? Thanks....
+26 응답
In addition to the divergence, how would you use this indicator?
+15 응답
This is awesome thanks. What does it mean when the line color changes but the line has not yet crossed over zero?
+8 응답
Here's a real world usecase for OBV osc over plain OBV. Observe how the divergences are called clearly on the oscillator, in addition to showing the state of OBV.

+5 응답
oye LazyBear
i am currently on trial. This indi pane is blank
응답
oye oye
ignore this. Got it! Thanks
응답
BitmexDegen LazyBear
@LazyBear, this one is tricky in that the osc shows divergence with price, while everything is normal on 'regular' obv. You would just go with the signal from the osc? (which obviously proved to be the right thing to do).
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OBV OSC is really nice! I've made a strategy around this but using WMA instead of EMA and filtering volume for OBV found "Trading Systems and Methods" book - relatively nice results too. Thanks for the idea on this! :)

+3 응답
Thank you and can you please suggest when to initiate short or long using the indicator. I believe it can be used only stocks move up or down continuously right. Please suggest
+2 응답
for some reason it just started loading blank
+2 응답
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃