Volume-Price Divergence Indicator V2

Description:

This indicator helps you identify volume-price divergences and potential trend weakness across any specified timeframe.

Features:

Volume bars with moving average – green for bullish, red for bearish, with orange SMA to detect low-volume situations.

Custom OBV calculation with divergence detection – highlights when price makes new highs/lows but OBV does not.

VWAP deviation alerts – signals when price moves far from VWAP while volume remains low, indicating potential fake breakouts.

Fully configurable – select any reference timeframe, adjust volume MA, OBV period, and VWAP deviation threshold.

Visual markers – easily spot bullish/bearish divergences and volume-price mismatches directly on your chart.

Use case:

Spot early trend exhaustion points.

Identify fake breakouts or weak rallies/drops.

Combine with your existing trading strategy for more informed entries and exits.