Trend Confirmation Indicator - Triple OBV

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 tracking the momentum of price direction & volume , we can have a ballpark about where the market is moving to.

On balance volume
obvshort = ema3
obvmedium = ema9
obvlong = ema26

This is a lagging indicator, which means it's not good at predicting reversal.

This is also the reason why

long signal = obvshort > obvmedium and obvshort > obvlong
shortsignal = obvshort < obvmedium and obvshort < obvlong

both without obvmedium >< obvlong

This indicator will not lie to you.

At last

Save Hong Kong, the revolution of our time.
Oct 21
Notas de Lançamento: Fixed a typo in the code.
Oct 21
Notas de Lançamento: Fixed Typo and Chart.
Remover dos scripts favoritos Adicionar aos scripts favoritos
There is a typo in the code
obvshortcondition = obvshort > obvmedium and obvshort < obvlong
should be
obvshortcondition = obvshort < obvmedium and obvshort < obvlong
StillAlive Lancelot_Augur
@Lancelot_Augur, Thanks bro.
@StillAlive, You're welcome.
Início Rastreador de Fundamentos Rastreador Forex Rastreador de criptomoedas Calendário econômico Shows Como Funciona Recursos gráficos Preços Regras da Casa Moderadores Soluções para sites e corretoras Widgets Soluções em Gráficos Biblioteca de Gráficos Lightweight Central de Ajuda Indique um amigo Solicitação de recurso Blog & Notícias FAQ Wiki Twitter
Perfil Configurações de perfil Conta e cobrança Indique um amigo Meus Tíquetes de Suporte Central de Ajuda Ideias Publicadas Seguidores Seguindo Mensagens Privadas Conversa Deslogar