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...
Created an oscillator from OBV - On Balance Volume. This way I think it is more responsive.
I just took OBV over a period and divided it by the total volume for the same period. So now it's an oscillator from -1 to 1.
You can also add EMA to this script.
Any feedback will be appreciated.
The On Balance Volume Reflex Indicator was developed by Fred Purifoy (Stocks & Commodities V 6:4 142-144) and it is similar in calculation to the On Balance Volume indicator but uses a lookback period for the change comparisons. Buy when the OVR is above the signal and sell when it falls below the signal.
I have included my On Balance Volume Modified Indicator to...
The On Balance Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic OBV indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the obvdi rises above its signal line and sell when it falls below the signal line.
This was a...