OBV plotted with Bollinger Bands to show whether the volume is breaking out from its normal deviation (both up or down). The OBV changes color depending on the macro trend which is set using a 100 EMA.
OBV is the 'On Balance Volume' indicator and is part of the 'keeping it simple' series that have a similar color scheme. the OBV measures buying and selling pressure as a cumulative indicator, adding volume on up days and subtracting it on down days. The OBV can show divergences or confirm trend.
The well known Chaikin Money Flow Indicator as oscillator version. General Usage The indicator runs both above and below zero, made to denote whether an asset is in a bullish (above zero) or bearish (below zero) trend. It can be used to confirm trends, as well as spot possible trading signals due to divergences. A benefit of the oscillator version is that it...
The oscillator version of the Price Volume Trend indicator (PVT) can be considered as a leading indicator of future price movements. The PVT Indicator is similar to the On Balance Volume indicator as it is also used to measure the strength of a trend. The difference between the OBV and the PVT is that where the OBV adds all volumes when price achieves higher...
The oscillator version of the well known On Balance Volume Indicator (OBV). General Usage Plain old OBV can be used to confirm trends, as well as spot possible trading signals due to divergences. A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross. Moving Averages 4 different Moving Averages are available: ...
Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. Usage: When analyzing the money flow index one needs to take into...
an underlying asset. It is determined by the changes in price and volume. The volume acts as a weighting coefficient at the change of price — the higher the coefficient (the volume) is the greater the contribution of the price change (for this period of time) will be in the value of the indicator. The indicator is also known as Accumulation / Distribution...
The On Balance Volume indicator (OBV) is used to measure buying and selling pressure. It is a cumulative indicator meaning that on days where price went up, that day's volume is added to the cumulative OBV total. If price went down, then that day's volume is subtracted from the OBV total. The OBV value is then plotted as a line for easy interpretation. OBV ...
Looking for the way to use OBV Oscillator in a strategy. Here is my first try. I just enter to position of a cross of 2 emas based on OBV. Here is my original oscillator indicator:
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.
This is the MACD of a stochastic OBV movement indicator, Squeeze Momentum Indicator, and addition coloring for Market Direction Indicator . It is good (right) to work with both price and volume. In this version we've moved the divergence highlighting to symbols at the ends of the histograms. Same coloring scheme as previous, yellow is divergence of either OBV or...
Dear all, you might wonder is there a confirmation indicator that has a high hit rate, is dependable, and could rely on the information it gives you when making a decision? Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps. Trend is always invalid then there is a lack of volume, so by...
Updated for TV-Pine V4 This is the MACD of a stochastic OBV movement indicator and now the MACD of the Squeeze Momentum Indicator. It is good (right) to work with both price and volume...it is also good to utilize the most popular indicator ever in TV (Lazybear). I've included highlighting based on price divergence, yellow is divergence of either OBV or SQZ, red...
I like to use OBV as a summary of the order book action + I added Fib levels from my other script for more context. I typically trade swings on H4, and HMA of the OBV helps me set the bias/trend.
This is the MACD of a stochastic OBV movement indicator. It is good (right) to work with both price and volume. I've included highlighting based on price divergence. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), just...