Volatility Calculator for Daily Top and Bottom RangeWith the usage of ATR, applied on the close of the daily candle, I am calculated the volatility channels for the TOP and BOTTOM
Based on this logic, we can estimate, with a huge confidence factor, where the prices are going to be compressed for the trading day.
Having said that, lets take a look at the data gathered among the most important financial markets:
SPX
TOP CROSSES : 2116
BOT CROSSES : 1954
Total Daily Candles : 18908
Occurance ratio = 0.215
NDX
TOP CROSSES : 1212
BOT CROSSES : 1183
Total Daily Candles : 9386
Occurance ratio = 0.255
DIA
TOP CROSSES : 759
BOT CROSSES : 769
Total Daily Candles : 6109
Occurance ratio = 0.25
DXY
TOP CROSSES : 1597
BOT CROSSES : 1598
Total Daily Candles : 13156
Occurance ratio = 0.243
DAX
TOP CROSSES : 1878
BOT CROSSES : 1848
Total Daily Candles : 13155
Occurance ratio = 0.283
BTC USD
TOP CROSSES : 416
BOT CROSSES : 417
Total Daily Candles : 4290
Occurance ratio = 0.194
ETH USD
TOP CROSSES : 247
BOT CROSSES : 268
Total Daily Candles : 2452
Occurance ratio = 0.21
EUR USD
TOP CROSSES : 820
BOT CROSSES : 805
Total Daily Candles : 7489
Occurance ratio = 0.217
GOLD
TOP CROSSES : 1722
BOT CROSSES : 1569
Total Daily Candles : 13747
Occurance ratio = 0.239
USOIL
TOP CROSSES : 1077
BOT CROSSES : 1089
Total Daily Candles : 10231
Occurance ratio = 0.212
US 10Y
TOP CROSSES : 1302
BOT CROSSES : 1365
Total Daily Candles : 9075
Occurance ratio = 0.294
Based on this, we can assume with a very high confidence ( 70-80%) that the market is going to stay, within the range created from the BOT and TOP ATR points.
Cripto
Scalping The Bull IndicatorName: Scalping The Bull Indicator
Category: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D depending on the specific technique.
Technical Analysis: The indicator supports the operations of the trader named "Scalping The Bull" which uses price action and exponential moving averages.
Suggested usage: Altcoin showing strong trends for scalping and intra-day trades. Trigger points are used as entry and exit points and to be used to understand when a signal has more power.
It is possible to identify the following conformations:
Shimano: look at the price records of a consecutive series of closings between the EMA 60 and the EMA 223 when a certain threshold is reached. Use the trigger points as price structures to identify entry and exit zones (e.g. breakout of the yesterday high as for entry point) .
Bomb: look at the price registers a percentage variation in a single candle, greater than a threshold such as 2%, in particular on shorter timeframes and around the trigger points.
Viagra: look at there is a consecutive series of closes below the EMA 10.
Downward fake: look when, after a cross under (Death Cross), the price returns above the EMA 223 using the yesterday high as a trigger point.
Emergence: look at the EMA 60 is about to cross over the EMA 223.
Anti-crossing: look at, after an important price rise and a subsequent retracement, the EMA 60 is about to cross under the EMA 223 but a bullish impulse brings the price back above the EMAs.
For Sales: look at two types of situations: 1) when the price falls by more than 10% from the opening price and around the yesterday’s low or 2) when the price falls and then reaches, in the last 5 days, a bigger percentage and then breaks a trigger point.
Colour change: look at the opening price of the session - indicated as a trigger point.
Third touch of EMA 60: look for 3 touches below the EMA 60, and enter when there is a close above the EMA 60.
Third touch of EMA 223: look for 3 touches when there are 3 touches below the EMA 223, and enter when there is a close above the EMA 60.
Bud: look at price when it crosses upwards the average 10 and subsequently at least 2 "rest" candles are between the maximum and minimum of the breaking candle.
Fake on EMA 10: look for the open of a candle higher than the EMA 10, the minimum of the candle lower and the closing price returns above the EMA 10..
For Stop Loss and Profit Targets consider a proper R/R depending on Risk Management, using price structures such as the low of the entering candle and a quick Position Management moving quickly the Stop-Loss at Break-Even.
Configuration:
Market
EMA: The indicator automatically configure itself on market it knows (Binance, Piazza Affari and NASDAQ) otherwise it can be configured manually fo Crypto market (5/10/60/223) or Stock Market (5/10/50/200).
Additional Average: You can display an additional average, e.g. 20-period average.
Chart elements:
Session Separators: indicates the beginning of the current session (in blue)
Background: signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223).
Trigger points:
Today's highs and lows: draw on the chart the opening price of the daily candle and the highs and lows of the day (high in purple, low in red and open in green)
Yesterday's highs and lows: draw on the chart the opening price of the daily candle, the highs and lows of the previous day (high in yellow, low in red).
Credits
Massimo : for refactoring and suggestions.
Oversold RSI with Tight Stop-Loss Strategy (by Coinrule)KRAKEN:LINKUSD
This is one of the best strategies that can be used to get familiar with technical indicators and start to include them in your rules on Coinrule .
ENTRY
1. This trading system uses the RSI (Relative Strength Index) to anticipate good points to enter positions. RSI is a technical indicator frequently used in trading. It works by measuring the speed and change of price movements to determine whether a coin is oversold (indicating a good entry point) or overbought (indicating a point of exit/entry for a short position). The RSI oscillates between 0 and 100 and is traditionally considered overbought when over 70 and oversold when below 30.
2. To pick the right moment to buy, the strategy enters a trade when the RSI falls below 30 indicating the coin is oversold and primed for a trend reversal.
EXIT
The strategy then exits the position when the price appreciates 7% from the point of entry. The position also maintains a tight stop-loss and closes the position if the price depreciates 1% from the entry price. The idea behind this is to cut your losing trades fast and let your winners ride.
The best time frame for this strategy based on our back testing data is the daily. Shorter time frames can also work well on certain coins, however in our experience, the daily works best. Feel free to experiment with this script and test it on a variety of your coins! With our back testing data a trading fee of 0.1% is taken into account. The fee is aligned to the base fee applied on Binance, which is the largest cryptocurrency exchange by volume. In the example shown, this strategy made a handsome net profit of 52.6% on Chainlink with 66.67% of trades being profitable.
You can execute this strategy on your favorite exchanges with Coinrule .
Daily Scalping Moving AveragesThis is a technical analysis study based on the most fit leading indicators for short timeframes like EMA and SMA.
At the same time we have daily channel made from the last 2 weeks of ATR values, which will give us the daily top and bottom expected values(with 80%+ confidence)
We have 3 groups of lengths for short length, medium length and a bigger length.
At the same time we combine it with the daily vwap values .
In the end we are going to have a total of 7 indicators telling us the direction.
The way we can use it :
The max ratings that we can have are +7 for long and -7 for short
In general once we have at least 5 indicators(fast and medium ones) giving us a direction, there is a high chance that we can scalp that trend and then we can exit either when we will be at +7 or close to neutral point
At the same time is very important to be aware of the current position inside of the TOP/BOTTOM channel that we have.
For example lets assume we are at 40k on BTC and our top channel is around 41-42k while the bottom is around 38k. In this case the margin that we have for long is much smaller than for short, so we should be prepared to exit once we reach the top values and from there wait and see if there is a huge continuation or a reversal. If the top channel was hit and the market started the rebounce going downwards and the moving averages confirms it, then we have a huge advantage using the top points as a STOP LOSS and continue the short movements, giving us an amazing risk/reward ratio .
If you have any questions let me know !
HEX Risk Metric (v0.2)This indicator plots a "risk metric" based on the % increases of the following averages:
ema21, sma50, sma100, sma200, sma300, sma600.
Depending on the rolling 7-day percentage increase of this moving average, a value is assigned to each data point, then normalized to a common range.
This set of metrics attempts to represent data similar to that of a heat map.
Users can adjust filter top, filter bottom, and toggle on/off the different metrics within the set.
Open InterestSimple indicator that shows the open interest of whatever crypto contract you're looking at in candlestick form.
If it doesn't show anything then Tradingview doesn't have the open interest data for that contract.
At the time of publishing there's data for Binance, Bitmex and Kraken.
You can change the colors in the settings.
HEX Risk Metric (v0.1)This indicator plots a "risk metric" based on the % increases of the following averages:
ema21, sma50, sma100, sma200, sma300, sma600.
Depending on the rolling 7-day percentage increase of this moving average, a value is assigned to each data point, then normalized to a common range.
This set of metrics attempts to represent data similar to that of a heat map.
Users can adjust filter top, filter bottom, and toggle on/off the different metrics within the set.
Glow-Node AlertsGlow Node Multi Pair Alerts
This indicator allows you to set a single alert in trading view while being alerted of Glow Node auto pilot signals from up to 32 forex pairs.
How to Use
Simply open the indicator on screen.
By default the indicator will have all forex pairs unselected.
Open the settings and toggle the forex pair you would like to set an alert for in the current timeframe.
(Alert signals are optimised using our glow node auto pilot feature. These alerts cant be used with custom settings due to the pair switching.)
Set an alert in trading view and select the drop down.
Select Glow Node Multi alerts and your good to go......
Supported Pairs:
XAUUSD
XAGUSD
AUDCAD
AUDCHF
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD
EURCHF
EURGBP
EURJPY
EURNZD
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
GBPUSD
NZDCAD
NZDCHF
NZDJPY
USDCAD
USDCHF
USDJPY
BTCUSD
ETHUSD
LTCUSD
BitcoinHalvingLibrary "BitcoinHalving"
Displays where Bitcoin's halvings have been
getDates() List of Bitcoin halving dates
Returns: array with timestamp dates
isHalvingDay() Checks if the current day is a halving day
Returns: bool
Scalping The BullNome: Scalping The Bull (Indicatore)
Categoria: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D, secondo la conformazione specifica.
(follow description in english)
Analisi tecnica: l’indicatore supporta le operatività descritte nei video di YouTube del canale “Scalping The Bull”. Di norma si basa su price action e medie mobili esponenziali.
Le varie tecniche che possono essere usate insieme all’indicatore sono sintetizzate nei settaggi dell’indicatore e si può fare riferimento ai video specifici per la spiegazione completa.
Utilizzo consigliato: Altcoin che presentano forti trend per scalping e operazioni intra-day.
Configurazione: È possibile configurare lo strumento in maniera semplice e completa.
Medie:
Medie per mercato: e’ possibile utilizzare le medie mobili esponenziali (EMA) esclusivamente per il mercato Crypto (5/10/60/223).
Media addizionale: e’ possibile visualizzare una media aggiuntiva, e.g. a 20 periodi.
Elementi del grafico:
Sfondo: segnala con lo sfondo del grafico in verde una situazione di uptrend ( EMA 60 > EMA 223) e in rosso sfondo rosso una situazione di downtrend (EMA 60 < EMA 223).
Separatori di sessioni: indica l’inizio della sessione corrente.
Punti Trigger:
Massimi e minimi di oggi: disegna sul grafico il prezzo di apertura della candela daily e i massimi e i minimi di giornata.
Massimi minimi di ieri: disegna sul grafico il prezzo di apertura della candela daily, i massimi e i minimi del giorno prima.
(English description)
Name: Scalping The Bull (Indicator)
Category: Scalping, Trend Following, Mean Reversion.
Timeframe: 1M, 5M, 30M, 1D depending on the specific signal.
Technical Analysis: The indicator supports the operations described in the YouTube videos of the channel "Scalping The Bull". Usually it is based on price action and exponential moving averages.
The various techniques that can be used in conjunction with the indicator are summarized in the indicator settings and you can refer to the specific videos for the full explanation.
Suggested usage: Altcoin showing strong trends for scalping and intra-day trades.
Configuration:
Exponential Moving Averages
Per market: you can display averages exclusively for the Crypto market (5/10/60/223).
Additional Average: You can display an additional average, e.g. 20-period average.
Chart elements:
Session Separators: indicates the beginning of the current session.
Background: signals with the background in green an uptrend situation ( 60 > 223) and in red background a downtrend situation (60 < 223).
Trigger points:
Today's highs and lows: draw on the chart the opening price of the daily candle and the highs and lows of the day.
Yesterday's highs and lows: draw on the chart the opening price of the daily candle, the highs and lows of the previous day.
High Frequency Day Trading IndicatorMentioned Indicator uses RSI, Stoch RSI, SMA, EMA, SMMA, Double EMA to check for quick buying and selling areas for Day Trading.
For utilizing the tool, you'll need to wait for a Possible Trend Reversal (Represented by Triangle) and a confirmation to go Long by using a combination of Moving Averages which are then represented by circular dots on chart upon Bar Closure.
For Stop Loss once can simply place a Stop below/above the last Low/High respectively.
This trading Indicator is only recommended for high frequency trading on smaller time frames if you're using a highly volatile Coin/Asset Class.
Disclaimer: Please use this indicator in Test Environment to get a hold of concepts of this indicator. We do not advise using 100% capital for each order, as a matter of fact, we only recommend a risk of upto 1% on each position so Risk to Reward is maintained in proper sense. Please use Stops with all indicators and do not ever use an indicator without stop losses to save your capital.
NOTE: Indicator can be developed further to be used Trading Bots such as 3commas, Autoview, Wunderbit Bot, and Trailing Crypto Bots. For configuration of Automation Bots, you can contact us here on tradingview itself! :)
Comparative Relative Strength for Crypto (USDT/USD)Comparative Relative Strength for Crypto (USDT/USD)
An adaption of the indicator as published by © bharatTrader->
Please visit the link for details as published by the original coder.
Configured for Crypto by presetting (per filter) for CIX100 usage - either in USDT (Kucoin) or USD (Capitolcom)
Hulk Strategy x35 Leverage 5m chart w/Alerts This strategy is a pullback strategy that utilizes 2 EMAs as a way of identifying trend, MACD as an entry signal, and RSI and ADX to filter bad trades. By using the confirmation of all of these indicators the strategy attempts to catch pullbacks, and it is optimized to wait for high probability setups. Take not that the strategy is optimized for use on BTCUSDT along with 35 times leverage(Using leverage is risky). The Hulk Strategy waits for strong trend confirmation and then attempts to identify pullbacks using MACD and RSI. By using these it identifies strong short term movement against the trend(hence the name Hulk). To use the strategy wait for the strategy to make an entry, and then enter with a stop loss of 1.1% and a take profit of 1.35% with respect to if it is a long or short position. The trade frequency of this strategy is high as it is made for use on the 5m timeframe. But this does not mean you will have to be staring at your computer constantly as an average of 1 trade takes place each day. This will vary a lot though, somedays the strategy enters up to 4 times. I wish you good trading and hope that you like this strategy!
P.S. The indicators on my chart are visualizations of the indicators used in the strategy, they are not necessary for the strategy to work though. Also the colored in cloud on the price chart is an EMA cloud and it comes with the strategy when you add it to your chart. This EMA cloud consists of two EMAs a 50 and a 200 EMA.
Buy Sell Bot StrategyHello Everyone,
In this strategy, I benefited from the values of RSI and wave trend indicators, which are the oldest and most used indicators in the market. I contributed to this bi-valued indicator myself with a bivariate formula. My variables are actually a simple intersection algorithm, the intersection of the wave trend indicator and the RSI indicators when they are oversold or overbought.
As you all know, we can send signals to bot sites via tradingview. You can use bot signals boxes in this strategy. You can analyze past transactions in the Date settings section. In the indicator settings section, you can change the settings of the overbought and oversold zones. Perhaps the most important feature here is the USE SELL SIGNALS section. I would like to emphasize this section in particular that when you mark the use sell signal section, the strategy will be processed in the buy section and will not be processed in the sell section. If you do not click on the USE SELL SIGNALS section, the strategy will be processed in the buy section, but this time it will be exited when the target in the take profit section is reached. THIS WAS IMPORTANT.
There is another important point here. Always in position and USE SELL SIGNALS sections do not work together. Run these two features one by one. It is a strategy that is constantly in operation through the name of the Always in position feature, I do not recommend it. The USE PERCENTAGE DECREASE feature, on the other hand, is the section where we want the share to drop as a percentage to enter the second trade after the first purchase is made in the settings section if you activate the pyramiding feature. You can use the tradingview help page for the pyramiding feature.
I found this strategy suitable to use in the 1-hour time frame in the crypto market and adjusted it that way. Of course, you can use it by changing the settings in stocks and in different time periods. big wins
Premium IndexThis indicator shows the premium index data for the market (only crypto) you're currently looking at.
The premium index is the difference in price between the perpetual swap contract and the spot index price.
In plain and simple English: it shows whether the spot market for a specific coin is trading at a discount or at a premium.
This is official data from the exchange itself.
At the moment of publishing TradingView only has data for Binance.
So only use this indicator on Binance charts right now (USDT perps and BUSD perps).
Make sure you're looking at a perpetual swap contract, if you're looking at the spot market for example the indicator won't work.
Once TradingView adds more data like this I'll try to make sure that the logic of the code will also work for other markets.
4 EMA & 2 SMA Gen6Indicador hecho con mucho cariño para la comunidad de CRIPTO BUZZ.
Espero les sirva Mucho y puedan ahorrarse espacios de indicadores. Luis S. G6
DDG PivotsDDG Pivots is an indicator that autonomously plots current reversal zones, areas of possible pivotal points for intraday trading, price targets, and true lows/highs.
This indicator will identify FINAL pivots (H/L) accurately, plotting either a green or red label to identify true lows/highs.
Once you are able to determine possible reversal areas and pivotal points, you will have a better idea on the current trend and whether these areas are respected/denied, after you can identify the correct trend, this indicator will then help by projecting predicted price targets on screen.
From entry to exit, this indicator helps ease your stress trading.
STOP STARING HOPELESSLY AT YOUR SCREEN, THIS INDICATOR HAS PUSH ALERTS FOR EACH OF THESE VITAL LEVLS.
*Turn on PUSH NOTIFICATIONS to alert you when these vital areas are touched*
FieryTrading Long-Term Bitcoin Investor ToolDear community,
Today I want to present you one of my favorite scripts for long-term Bitcoin trading. I'm publishing this script because I think it will help traders to become more profitable in the long-term. Consequently, this script is targeted at long-term investors only, since it can take years before the price goes from the green area to the red area.
To use this script correctly you will need to use the BTCUSD index from Tradingview. Search "Bitcoin Index" in your symbol search bar, top result. Use daily candles on a logarithmic scale.
This scripts consists of two price bands, green and red. The green band has historically been a great area for the accumulation of BTC, whilst the red area has historically been a great area for exiting BTC. You could say that if the price is in (or below) the green bands BTC is undervalued, with the opposite being true for the red bands.
If you wish to add alerts to this script, simply click on the alert button > condition=Fierytrading BTC Tool. You can add alerts when the price enters the green area (Buy Area Cross) or red area (Sell Area Cross).
This simple script has historically proven to be very efficient at identifying bottoms (accumulation) and tops (distribution). Be aware that the usability of this script is not guaranteed in the future.
Trending Bollinger Bands by SiddWolfBollinger Bands are mostly used for trend reversal. I believe they should be used for Trend Continuation and Trend Confirmation.
In this Trending Bollinger Bands script you will see two bands drawn on chart. The Upper band is suggestive of Uptrend and Lower Band is suggestive of Downtrend Market. It just provides the guidance of where the market is now and where it is headed. It is not to be used as a standalone indicator. Use this to confirm your hypothesis of Uptrend or Downtrend.
Bollinger Bands Trend
When the price crosses the moving average it is interpreted as the price is gonna continue in that direction. But most of the time it is a fake breakout. With this script you get an additional confirmation so that you know it is not a fake breakout and the price have caught the trend.
Bollinger Bands Reversal:
This indicator can also work for reversal. For example when price closes outside the outer bands, it is most likely that the trend is gonna reverse. Don't just enter the trade wait for some other confirmation as reversal trading is more complicated.
Confluence:
Confluence is the key factor for profitable trading. Don't use this indicator as standalone indicator instead combine it with other indicators and price action. Like the divergence occurring when the price is outside the bands is suggestive of trend reversal. I have created a non-delay, non-repaint indicator for finding divergence. I'd soon publish that script. Stay tuned.
Settings is the Key:
Try to play around with the settings. It is a simple yet effective indicator. Change the moving average type or length. I've found moving average RMA or WMA works better than SMA. Find the best setting that works with your setup. Set the Band Source as High/Low to make the outer bands more extreme.
Conclusion:
This is my first script but it isn't my last. I've created quite a few gems that I'm gonna publish soon. If you have any questions or suggestions feel free to comment below. I'd love to connect with you. Thank you.
USDT/USD PremiumKraken + FTX USDT premium indicator.
Inspired by John J Brown, forked from IAmSatoshi (Migrated to V5 and few changes + more markets coming).
John J Brown: "
USDt premium/discount exist because of conversion fees.
It is a good market indicator:
If USDt>USD, then market is growing and in need of liquidity;
If USDt<USD, then market is shrinking and has excess liquidity."
RinarBottombuyRSI, VWMA, MA.
Altcon bottom signals.
buy
White background - bottom point
Yellow - Buy zone
White triangles - a signal to place orders
Sell
Red - sale
RU
RSI , VWMA , MA.
Сигналы дна альтконов.
Buy
Белый фон -точка дна
Желтый - Зона покупки
Белые треугольники - сигнал выставить ордера
Sell
Красный - продажа
SOPR Candles OscillatorThe Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. This metric was created by Renato Shirakashi.
The indicator provides insight into macro market sentiment, profitability and losses taken over a particular time-frame. It reflects the degree of realized profit for all coins moved on-chain.
SOPR is measured by taking the ratio between the fiat value at the time of UTXO creation, and the fiat value when the UTXO is spent.
In this indicator, I have essentially created an index that measures SOPR value on any given day. This is visually displayed as an oscillator.
SOPR values greater than 0 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid).
SOPR value less than 0 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid).
You have the ability to see the SOPR of BTC , ETH and LTC. You can also smooth the SOPR using an EMA or SMA of your choice. I have added colored bars to the chart to make it easier to visualize SOPR and it's relation to price action.
Thank you to both TradingView and Glassnode for adding all the on-chain data.
Aggregated Chaikin Money Flow - InFinitoModified Version of In-Built Chaikin Money Flow Indicator. Aggregated Volume is used for it's calculation + a couple of other features.
Aggregation code originally from Crypt0rus
***The indicator can be used for any coin/symbol to aggregate volume , but it has to be set up manually***
***The indicator can be used with specific symbol data only by disabling the aggregation option, which allows for it to be used on any symbol***
- Calculated based on Aggregated Volume instead of by symbol volume. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures , Perpetuals, Futures+Perpetuals and All Volume ).
- As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin.
- Added Moving Average ( SMA , EMA , WMA , RMA, VWMA) that can be plotted to the CMF
- Changed 0 line to a small range which tends to be more relevant than the 0 line. This range can be manually modified
Things to look for:
- Divergences: Can be a very good reversal signal
- MA crossovers: Can be a very good confluent Buy/Sell signal
- Center range retests: CMF is normally defined as bullish above 0 and bearish below 0. In this case it is above or below the middle range. Even if the start of the move was missed. The retest of the middle range can give very good entries.
- Confluence of the latter
Aggregated On Balance Volume - InFinitoOn Balance Volume calculated with aggregated and normalized volume data and a few other features:
Aggregation code originally from Crypt0rus
Candle Plotting code from LonesomeTheBlue
***The indicator can be used for any coin/symbol to aggregate volume, but it has to be set up manually***
As normal OBV, this indicator can be used to find divergences and to have an idea of volume flow. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures, Perpetuals, Futures+Perpetuals and All Volume).
As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin.
Extra features:
- Based off LonesomeTheBlue, OBV can be plotted as candles and as Heiken Aishi candles (which give wick information)
- A Moving Average (SMA, EMA, WMA, RMA, VWMA) can be plotted to the OBV. This can be used as a confluent signal to enter a trade on a crossover or to know the strength of the current move.
- The OBV basis can be reset to 0 periodically, making it more oscillator-like and allowing to focus only on a certain period of time.