Balanço de Volume (OBV)
Volume ENTERThis is an OBV ( On Balance Volume ) with two different moving averages on it plus a bollinger band set to OBV to find the squeeze and expansion points on OBV. As you many know, OBV is one of those indicators that can show you the volume and not only that but also the direction that volume is going.
Variable Volume Oscillator v1 [NeoButane]These are volume based indicators put onto an oscillator by using SMA for most of them. Most volume based indicators are leading indicators so you may find a use for each of them. The WMA is a length of 21, as suggested by the original inventor of OBV. It is useful for crosses and determining future moves.
What's currently included:
OBV Oscillator, remade. The formula has been changed to smooth out the way OBV is calculated during a trending move
OBV Oscillator, original OBV formula.
Price Volume Trend Oscillator. Similar to OBV, except price is taken into account as well.
Price Volume Trend Oscillator, log.
Accumulation/Distribution. (close - low) - (high - close) / (high - low), then multiplied by volume
Chaikin Money Flow. Very similar to accum/dist except it was already made into an oscillator.
OBV just by itself
Experimental function that utilizes a part of CCI
On Beaver Volume SentimentGeneral Market sentiment decoded from two Lazybear OBV's and a CCI.
Lots of strategies with this.
Main point is this indicator tries to be extra sensitive to relative volume changes but keep grounded in sentiment with the cci.
Let me know if you use this!
-Beaverman
Accumulation/Distribution Volume (ADV) [cI8DH]This is the simplified and optimized version of my original ADV indicator. It shows both regular volume bars and the accumulated/distributed (A/D) portion of them. The equation is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other indicators, ADL, ADP and ADMF.
- The volume bars has two shades of green and red. The dark shade shows amount of A/D and the light shade shows total volume (what you see on a regular volume indicator).
When money volume is enabled, volume is multiplied by price. As you can see in the chart below, trade volume in terms of USD was growing over the past years.
- Blue line is the moving average of A/D and the orange line is for total volume. When "Baseline Chart" option is enabled, this moving average is identical to ADMF indicator which can be a powerful indicator for assessing buy/sell pressure as well as money flow and volume divergences. You can turn off volume bars (from style menu) for better visibility or you can use the below indicators.
Please note that ADMF is now available as a part of ADP indicator as well and I recommend using the latter since ADP can also replace CMF and MFI indicators.
- If you change the aggregation to cumulative (while having money volume disabled), the gray line becomes identical to On Balance Volume (OBV) and the blue line identical to my ADL indicator. The latter I would argue is more accurate than Chaikin's ADL, William's A/D and OBV.
On Balance Volume (CCI-coded) [Krypt]This is a straightforward modification of LazyBear's CCI-coded OBV indicator with the following changes:
1) uses log-hl2 as source, which seems to be a more stable indicator of price change than close
2) adds optional price smoothing
Accumulation/Distribution Level (ADL) [Cyrus c|:D]This indicator shows Accumulation/Distribution level which can be used for confirming trends or reversals (via divergence). It is an alternative to Chaikin's Accumulation/Distribution Line (ADL) and On Balance Volume (OBV) indicators. It can also replicate PVT and OBV via options in the input menu.
Here is a comparison of four related indicators:
OBV is too simple and has serious flaws as explained in PVT's wiki.
Chaikin's ADL is a broken indicator as can be seen in the chart below:
A/D Level addresses the flaws in these two indicators. It simply sums up portions of the volume that contributes to price change. These portions are visualized in dark green and red on "Accumulation/Distribution Volume (ADV)" indicator. This can also be achieved by ADV indicator if you are nerd enough.
PS: There is Williams A/D as well which is also a broken indicator.
Accumulation/Distribution VolumeThis is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV).
When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the light shade shows total volume (what you see on a regular volume indicator). Blue line is the moving average (or cumulative total) of A/D and the gray line is for total volume.
When money volume is enabled, volume it multiplied by price. As you can see in the chart below, trade volume in terms of USD was declining after ATH. This is not the case in regular volume chart which shows instrument volume (chart above).
In Baseline view, the aggregation method you choose can turn it into different indicators. With EMA/SMA aggregation, blue and gray line shows buy/sell pressure. At 0, there is not buy or sell pressure.
If you turn off volume bars (from style menu), it gives you a reliable indicator to measure divergence. This should be more reliable than most other range-bound indicators (i.e. RSI, MFI, CMF). I will publish a TA about correctly measuring divergence (it's a must read even if you are a pro trader). Make sure that the length is set to a large number on smaller TFs such as 4h.
For following results, set aggregation to cumulative and turn off money volume:
When wick weight=0, the GRAY line is identical to OBV indicator.
When normalized by spread and wick weight=10, the BLUE line is identical to ADL (improved by true range).
When normalized by previous bar price, wick weight=0, the BLUE line is identical to PVT.
How I use this indicator:
- Baseline chart, replaced my regular volume indicator
- Mostly 4h TF for divergence
- EMA aggregation (and occasional cumulative aggregation) with length above 50. I change the length to 100 and 200 for confirmation.
- Wick weight=0 or max 2.
With this indicator, you can learn how different indicators are built and how they are different from each other. I will publish a TA to explain more about different indicators and their pros and cons.
I will publish this indicator without volume bars and additional options to make it range bound.
CCI OBV 4Kmod of lazy bear's OBV coded CCI , which indicates CCI state by changing the color of the OBV. now it shows you when CCI is overbought or oversold, not just one or the other
when CCI > 100, that's an oversold signal and OBV line turns green
when CCO -0.54% < -100, that's an undersold signal and OBV line turns red
CCI threshold can be changed (ex. 200 and -200)
EMA is overlaid, too, in orange, and that period can be changed
OBV.v - Simple On Balance Volume indicatorA simple OBV indicator using your choice of wma or ema. The length of the MA can be adjusted, as well as the colors used.
OBV changes to green when above the moving average and changes to red when below the moving average. The OBV crosses are to be used as your buy and sell signals.
On Balance Volume locked 5min (CVI)OBV shows the cumulation of the volume bars. All the volume in a green bar gets added to the obv and all the volume in a red bar gets subtracted. At a higher timeframe this can be misleading, because it filters out a lot of volume. This indicator locks the obv at 5 minutes, giving more information about the total amount of added and subtracted volume.
OBV Divergence Alerts (BETA)This Script uses the original code from the 'PPO Divergence alerts' by Scarf
Only difference is the OBV Ocilator by lazybear is used as the input instead.
Adjust the smoothing setting as required to change sensitivity for alerts.
Feel free to contact me if you would like more info.
OBV for ProfitTrailer by BotIndicatorsThis is a highly adjustable indicator for the ProfitTrailer Crypto Currency Trading Bot.
It showcases a special version of OBV how it is calculated by ProfitTrailer. Due to the limitations in how ProfitTrailer works this does not reflect the values of a classical OBV.
Important note: Due to differences in price update you won't be able to compare the live values calculated by the Bot and the ones on Tradingview. They will likely differ a lot due to different update cycles. We are trying to improve this in the future but we don't know if it cand be handled any better.
Note: This is a first public release, future modifications may follow and are then shown here as updates. Always read this page to the end.
RIZ OBV with coloured CCIThis ones useful for spotting divergence on OBV, and also includes CCI to show overbought and oversold areas in the volume. I've coloured the OBV bar with the CCI levels. Look for divergence (best results on 5min chart I believe) with this and you can spot where to sell if a second peak is not supported by volume, also shows where the big guns are dumping lots of volume!
A volume study is always a good addition to any analysis I feel, and this is one of my day to day always on indicators.
OBV Daily ResetJust a quick OBV indicator for intraday trading that resets to 0 at the start of each new session (based on dayofmonth changes). I saw someone looking for this in chat and jotted it down for him.
OBV divergence hidden and regular on both bearish and bullish.OBV (on balance volume) divergence indicator with hidden and regular signal on both bearish and bullish.
VolumeThis is an OBV (On Balance Volume) with two different moving averages on it plus a bollinger band set to OBV to find the squeeze and expansion points on OBV. As you many know, OBV is one of those indicators that can show you the volume and not only that but also the direction that volume is going.
On Balance Consolidated Volume 1min [BTC] CCI EMA OROn Balance Consolidated Volume var interval
38 Exchanges
SB_CCI coded OBV StrategyStrategy-
Buy Order: Previous obv value is green and obv_cci coded line crosses over ema line
Sell Order: Previous obv value is red and obv_cci coded line crosses under ema line.
Original Idea:
Preferable for day/week intervals.
For Tips to continue :) -
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