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On Balance Volume Disparity Indicator

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 special request so let me know what other indicators you would like me to write scripts for!
Notas de Lançamento: I changed the charts
Notas de Lançamento: changed the signal length
Notas de Lançamento: changed to make it more understandable
Notas de Lançamento: Allowed someone to change the top and bottom guide and changed the signals to buy or sell when obvdi goes above the top or falls below the bottom
Notas de Lançamento: changed the signal to sma and default length to 4
Notas de Lançamento: Finalized the buy and sell signals
Notas de Lançamento: fixed small typo
Notas de Lançamento: changed to match my other indicators
Notas de Lançamento: fixed issue with default resolution
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Comentários

Hey man, thank you for your great work. Quick question: what do topGuide and botGuide variables do and how do these impact the chart? Thanks!
Resposta
cheatcountry dhman2012
@dhman2012, thank you. these variables are basically the same as overbought and oversold levels. the trading system that phillip holt recommended with these was sell when the indicator falls below the top guide and to buy when it rises above the bottom guide
+1 Resposta
dhman2012 cheatcountry
@cheatcountry, Got it. Thank you! Much appreciated!
Resposta
cheatcountry dhman2012
@dhman2012, yeah no worries
Resposta
Thank you,
Can you give another look at the S&C article and the code?
Line 23 obvdi = b != 0 ? a / b : 0
should be obvdi = b != 0 ? (1+a) / (1+b) : 0

Line 26 obvdiColor = obvdi > sig ? color.green : obvdi < sig ? color.red : color.black
The interpretation should be sig crosses up .85 Buy sig crosses down .95 Sell, with the possibility to input the boundaries.
+1 Resposta
sal157011 sal157011
@sal157011, I apologize but my chat doesn't work. All issues have been solved, thanks.
Resposta
cheatcountry sal157011
@sal157011, no problem
Resposta
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