Here is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50.
This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25
Please let me know if you want me to publish any other indicators or if you have any questions!
Great indicator, have been looking for this for some time, just to clarify the settings: Length one, is this the length for the OBV which has been set for 7?
Length two, this is the length for EMA 10-50 as per S&C recommendations? Any tips or advice on correctly using your indicator would be appreciated. Thanks for this!
cheatcountry
⋅
@randolph2020, yes you are correct. length 1 is the obv length and length 2 is the ema length
Length two, this is the length for EMA 10-50 as per S&C recommendations? Any tips or advice on correctly using your indicator would be appreciated. Thanks for this!