Intrabar On Balance VolumeAn experimental modification of TradingView's built-in OBV indicator that calculates its value with intrabar data.
This leads to a more accurate OBV trace because it considers the price swings that happen within the time period of each candle, instead of only considering the candle close price.
For example: on a 4H timeframe a single candle spans 4 hours. In this indicator the OBV is calculated with 1-minute intrabar data, leading to a resolution of 240 intrabars per 4H candle (that is, it considers the volume and price swings that happened at each minute of those 4 hours).
Balanço de Volume (OBV)
VINA for Futures Trading Volume Imbalance Analysis 30min+Price pattern is critical for trading. So is volume analysis, but volume is so hard to read.
Introducing VINA, the Volume Imbalance Next Action indicator. VINA is similar to OBV, the key being the volume being measured. VINA is developed over many years, using ideas from PVT and Accumulation / Distribution, normalized as an oscillator, and not just adding/subtracting like OBV, instead considering the size of the move like PVT.
It's not perfect, but VINA catches almost all of the major trends. Like all indicators, VINA gets whipsawed in choppy environments. VINA has been very accurate for trading futures, so I'm presenting it here with signals shown for 30 minute or higher timeframes.
Let me know what you think.
Anchored OBVThe On Balance Volume indicator (OBV) is used in technical analysis 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.
On Balance Volume is primarily used to confirm or identify overall price trends or to anticipate price movements after divergences.
If On Balance Volume crosses over or under the zero line, it adds confluence to a bull/bear bias respectively.
Anchored On Balance Volume unlike traditional OBV, resets on your specified date and/or bar (clickable).
On Balance Volume Trend© 2022, CryptoNaut1000
An extension to "On Balance Volume Momentum (OBV Momentum)".
"OBV Trend" is a trend strength indicator, that can be used to identify strong trends and also trend changes based on volume.
High positive values indicate strong volume on the buy side, high negative values indicate strong volume on the sell side.
An increasing OBV trend indicates a strengthening buy trend or a weakening sell trend,
decreasing OBV trend indicates a strengthening sell trend or weakening buy trend.
OBV trend is calculated by plotting a short vs. a long moving average and filling the difference in volume.
OBV trend metric is absolute volume.
[blackcat] L1 OBV-MFI ComboLevel 1
Background
As requested, this is a combo of OBV and MFI indicators
Function
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
The Money Flow Index (MFI) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
The combo of them is still an oscillator.
Remarks
Feedbacks are appreciated.
Chaikin Volume AccumulatorThe Volume Accumulator is used in technical analysis to identify strengths and weaknesses in a market. It is derived from the On Balance Volume indicator, except that instead of giving all the volume to bears on red days and bulls on green days it gives a proportional amount to both depending on the relative close price. As with many trading indicators, classic divergence between the VA and the close price may indicate an incoming reversal.
As a general rule of thumb:
Price Up:
VA up = clear uptrend
VA sideways = moderate uptrend
VA down = weak uptrend
Price Sideways:
VA up = accumulation
VA sideways = no bias
VA down = distribution
Price Down
VA up = weak downtrend
VA sideways = moderate downtrend
VA down = strong downtrend
OBV Overbuy+sell Oscillator[RSU]On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator.
The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands . So when it exceeds, I use colors to mark red overbought and green oversold situations.
Usage:
1.Identify trends: Identify current stock trends by OBV's 30 average line color.
2.Breakthrough:OBV Breakthrough 30 average,signal trend may reversal.
3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend.
4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
FaustFaust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT.
TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally.
Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small).
For TSV, the fattest plotted line is the divergence with the highest look-back period, and the thinnest line is the divergence with the shortest look-back period.
For PVT, the larger the circle, the higher the divergence look-back period.
For OBV, the larger the triangle, the higher the divergence look-back period.
OBV Overbuy+sell by RSUOn-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator.
The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands. So when it exceeds, I will use colors to mark red overbought and green oversold situations.
Usage:
1.Identify trends: Identify current stock trends by OBV's 30 average line color.
2.Breakthrough:A break below overbuy could signal a temporary end to the uptrend.
3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend.
4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
OBV+EMA HistogramHistogram of the difference between On Balance Volume and an EMA of the On Balance Volume (OBV + EMA).
Using a 55 EMA, on the daily timeframe of BTC, bull/bear trends occur when the histogram is above/below the zero line respectively.
Divergences also have a notable effect.
-- Added alert conditions when OBV crosses EMA to signal a possible trend change, for bullish and bearish cases.
Hotch DMI+OBV+RSI ConfluenceThis Indicator uses the Relative Strength Index, On Balance Volume, and ADX to identify viable trading trends.
A quick description of what is on display:
1.) Green Triangle = OBV crossing over OBV MA
2.)Red Triangle = OBV Crossing under OBV SMA
3.) The background coloring between the RSI Oversold and Overbought Values has multiple conditions.
----It is green when the DI+ > DI-
----It is purple when the DI+ < DI-
----the brightness represents the ADX value. Darker areas(or more transparent) show a weak ADX value(4). Brighter (or less transparent) show a stronger ADX value(3)
5.) RSI and RSI moving average, including a divergence indicator.
6.) A histogram representing the normalized value of OBV-OBVMA to show changes in value while remaining readably in range on the chart with other indicators.
In the included chart screen shot is an example of an applicable strategy. This example is no guaranteed success and is also not the only strategy applicable to the indicator.
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.
On Balance Volume wi Normalization (OSC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it
(1) Indicator introduction
This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI
This indicator is plotted on the Normalized OBV and can display the divergence locations and corresponding divergence intensity
The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number"
Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence
Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored
In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence
In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline
In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline
(2) Parameter introduction
- Normalized On Balance Volume
MA Type: Type of moving average for calculating the normalized OBV, default is SMA
MA Period: Period of moving average of normalized OBV, which is SMA14 by default
NOBV Sigma: Upper and lower range of normalized OBV
- Normalized On Balance Volume Divergence
Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right
Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left
Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point
Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point
Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators
Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence
Plot Bullish: Whether to draw regular bullish divergence label
Plot Hidden Bullish: Whether to draw hidden bullish divergence label
Plot Bearish: Whether to draw regular bearish divergence label
Plot Hidden Bearish: Whether to draw hidden bearish divergence label
Happy trading and enjoy your life!
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各位朋友大家好,很抱歉之前的开源版本因为规则原因被隐藏,我已经重新编辑了说明并重新发布
(1) 指标说明
该指标是 OBV 的归一化版本,永不钝化,背离准确率高于 RSI
该指标绘制于 归一化OBV 上,并在对应位置显示背离点以及背离程度
支持顶底位置 N 根K线的容差,由 Tolerant Kline Number 参数设置
支持背离强度的显示,即标签上显示的 REG/HID 值,该值小于 0,且越小说明背离程度越大
支持背离强度的过滤,由 Cov Threshold 参数设置, REG/HID 值大于这个值的背离会被忽略
标签中,REG 表示常规顶/低背离,而 HID 表示隐藏顶/底背离
标签中,SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离
标签中,OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离
(2) 参数说明
- Normalized On Balance Volume
MA Type: 计算归一化 OBV 的移动平均的类型,默认为 SMA
MA Period: 计算归一化 OBV 的移动平均的周期,默认为 SMA14
NOBV Sigma: 归一化 OBV 的过滤区间
- Normalized On Balance Volume Divergence
Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量
Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量
Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量
Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量
Tolerant Kline Number: K线和指标的顶/底点索引的最大误差
Cov Threshold: 背离程度,该值小于 0,且越小说明背离程度越大
Plot Bullish: 是否绘制常规底背离提示
Plot Hidden Bullish: 是否绘制隐藏底背离提示
Plot Bearish: 是否绘制常规顶背离提示
Plot Hidden Bearish: 是否绘制隐藏顶背离提示
祝大家交易愉快
On Balance Volume wi Normalization (SRC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it
(1) Indicator introduction
This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI
This indicator is plotted on the klines and can display the divergence locations and corresponding divergence intensity
The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number"
Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence
Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored
In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence
In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline
In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline
(2) Parameter introduction
- Normalized On Balance Volume
MA Type: Type of moving average for calculating the normalized OBV, default is SMA
MA Period: Period of moving average of normalized OBV, which is SMA14 by default
NOBV Sigma: Upper and lower range of normalized OBV, but the function is reserved
- Normalized On Balance Volume Divergence
Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right
Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left
Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point
Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point
Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators
Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence
Plot Bullish: Whether to draw regular bullish divergence label
Plot Hidden Bullish: Whether to draw hidden bullish divergence label
Plot Bearish: Whether to draw regular bearish divergence label
Plot Hidden Bearish: Whether to draw hidden bearish divergence label
Happy trading and enjoy your life!
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各位朋友大家好,很抱歉之前的开源版本因为规则原因被隐藏,我已经重新编辑了说明并重新发布
(1) 指标说明
该指标是 OBV 的归一化版本,永不钝化,背离准确率高于 RSI
该指标绘制于 K线 上,并在对应位置显示背离点以及背离程度
支持顶底位置 N 根K线的容差,由 Tolerant Kline Number 参数设置
支持背离强度的显示,即标签上显示的 REG/HID 值,该值小于 0,且越小说明背离程度越大
支持背离强度的过滤,由 Cov Threshold 参数设置, REG/HID 值大于这个值的背离会被忽略
标签中,REG 表示常规顶/低背离,而 HID 表示隐藏顶/底背离
标签中,SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离
标签中,OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离
(2) 参数说明
- Normalized On Balance Volume
MA Type: 计算归一化 OBV 的移动平均的类型,默认为 SMA
MA Period: 计算归一化 OBV 的移动平均的周期,默认为 SMA14
NOBV Sigma: 归一化 OBV 的过滤区间,其功能暂时保留
- Normalized On Balance Volume Divergence
Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量
Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量
Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量
Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量
Tolerant Kline Number: K线和指标的顶/底点索引的最大误差
Cov Threshold: 背离程度,该值小于 0,且越小说明背离程度越大
Plot Bullish: 是否绘制常规底背离提示
Plot Hidden Bullish: 是否绘制隐藏底背离提示
Plot Bearish: 是否绘制常规顶背离提示
Plot Hidden Bearish: 是否绘制隐藏顶背离提示
祝大家交易愉快
OBV Oscillator [LazyBear]- with some MAsThis indicator in modified OBV written by @LazyBear
I just added the 2 different Bollinger Bands and 2 different moving averages to the OBV version of LazyBear.
OBV line green -> OBV above zero
OBV line red -> OBV under zero
green background line -> OBV crossover 1st Moving Average
red background line -> OBV crossunder 1st Moving Average
blue '◆' -> OBV crossover 2nd Moving Average
yellow '◆' -> OBV crosunder 2nd Moving Average
blue '+' -> 1st Moving Average crossUNDER 2nd Moving Average
red '+' -> 1st Moving Average crossOVER 2nd Moving Average
Profit Harvester System
(1) Strategy Introduction
- This is a profit harvesting system, an optimized high frequency trading strategy, by invitation only
- It can achieve a stable average annual return and is suitable for most crypto-currency markets
- It is recommended that the initial capital of one crypto-currency pair is greater than 2000 USDT
- You need to bear some floating loss, but don't worry, the strategy will stop profit and reduce positions automatically
- Support leverage from 1 to 5 times, but note that there is a strong leveling risk when leverage is greater than 1 times
- Support strategy alerts. You can add alerts at the top of the trading panel
(2) Parameters
- Indicator Resolution
- Min Resolution (Minutes) : The resolution of the indicator, i.e. the interval for updating the indicator, default 240 minutes
- MA Trending Line
- Draw Trending Line? : Draw trend lines to determine the long/short direction
- Moving Average Type : Type of moving average, default is SMA
- Moving Average Period : The period of the moving average, SMA30 by default
- Normalized On Balance Volume
- Draw Normalized On Balance Volume? : Plot the normalized OBV to show the volume/price relationship
- Moving Average Type : Type of moving average, default is EMA
- Moving Average Period : The period of the moving average, EMA21 by default
- Sigma of Normalized On Balance Volume : Upper and lower range of normalized OBV for determining the energy of the volume/price relationship
- Trading settings
- What Trades Should Be Taken? : The trading direction, supports long only, short only or no trade
- Maximum Shares of Position : The maximum number of shares of the position, i.e. the initial capital (default is 2000) is divided into that number of shares equally
- First Shares on Entrying Position : The number of shares occupied when entrying position to avoid missing the trend market
- Profit Ratio for Average Entry Price : Close all positions and cancel all orders when the current price exceeds the average position price and the profit rate is reached
- Increase Ratio for Next Share : Equal proportion of the order price when adding position
- Trading Leverage (Risk Term) : Trading leverage supports from 1 to 5 times, 2 by default. However, there is a strong leveling risk when the leverage is greater than 1!
- Max Floating Loss of Equity (Risk Term) : How much do you wanna risk. When the max floating loss threshold is reached, the position will be closed and all orders will be canceled!
- Price Trail Stop : Whether enable price trail stop mode to obtain more profits
(3) About usage
- This strategy is by invitation only. If you are interested in this strategy or would like to use it, please leave a message
- The default parameters is suitable for VETUSDT, MATICUSDT, ATOMUSDT, XRPUSDT and so on
- It is highly recommended to use long-only direction rather than short-only direction because the market will not go down forever
(4) Exceptions
- When "Increase Ratio for Next Share" is too small and "Maximum Shares of Position" is too large, there may be an error that the number of orders exceeds 9000, which is caused by the limitation of tradingview itself
Happy trading and enjoy your life!
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(1) 策略简介
- 这是一个利润收割系统,一种优化的高频交易策略,仅限受邀请使用
- 可以达到稳定的平均年化收益率,且适用于大部分数字货币市场
- 建议单个数字货币交易对的基础资金大于2000USDT,避免单笔交易资金低于最低交易资金限制
- 需要您承受一定的浮亏,但是不用担心,本策略会自动执行止盈和解套
- 支持1至5倍的杠杆,但是需要注意,杠杆大于1倍时存在爆仓风险
- 支持策略提醒,在交易面板上方添加策略提醒即可
(2) 参数说明
- Indicator Resolution
- Min Resolution (Minutes) : 指标的分辨率,即更新指标的间隔,默认240分钟更新1次
- MA Trending Line
- Draw Trending Line? : 是否需要绘制趋势线,用于判断多空方向
- Moving Average Type : 移动平均线的类型,默认为SMA
- Moving Average Period : 移动平均线的周期,默认为240分钟下的30日均线
- Normalized On Balance Volume
- Draw Normalized On Balance Volume? : 是否需要绘制归一化OBV指标,该指标反应量价关系
- Moving Average Type : 移动平均线的类型,默认为EMA
- Moving Average Period : 移动平均线的周期,默认为240分钟下的21日均线
- Sigma of Normalized On Balance Volume : 归一化OBV的上下区间,用于判断量价关系的能量
- Trading settings
- What Trades Should Be Taken? : 代表可以交易的方向,支持仅多头、仅空头或不交易
- Maximum Shares of Position : 仓位的最大份数,即将初始资金(默认为2000)等分为该份数的资金
- First Shares on Entrying Position : 当开仓后,首仓占用的份数,以避免错过趋势行情
- Profit Ratio for Average Entry Price : 当前价格大于仓位均价,并达到该收益率时,关闭所有仓位并取消所有挂单
- Increase Ratio for Next Share : 等比加仓的价格比例
- Trading Leverage (Risk Term) : 交易杠杆,支持1-5倍杠杆,默认为2倍杠杆,但是杠杆大于1倍时存在爆仓风险!
- Max Floating Loss of Equity (Risk Term) : 自开仓开始,您愿意承受的最大浮亏,当达到该浮亏后,仓位全平并取消所有订单!
- Price Trail Stop : 是否启用尾单止盈模式,以收割更多的利润
(3) 使用说明
- 该策略仅限受邀请使用,如果您对该策略感兴趣或者想要使用我的脚本,请给我留言
- 默认参数适用于 VETUSDT MATICUSDT ATOMUSDT XRPUSDT 等交易对
- 强烈建议使用多头交易而不是空头交易,因为市场不会永远下跌
(4) 异常情况
- 当"Increase Ratio for Next Share"设置过小而"Maximum Shares of Position"设置过大时,可能会出现订单数量超过9000的错误,这是tradingview本身的限制导致的
祝大家交易愉快
OnBalanceVolume by DGTComparing relative action between price bars and On-Balance Volume (OBV) generates more actionable signals, and plotting OBV on top of price chart alows to visually emphasis the relation between the price bars and OBV.
The On Balance Volume indicator (OBV) is a good metric for measuring buying and selling pressure. Many people believe that buying and selling pressure precede changes in price, making this indicator valuable. The actual individual quantitative value of OBV is not relevant. Instead, traders and analysts look to the nature of OBV movements over time; the slope of the OBV line carries all of the weight of analysis.
* Trend Identification - On Balance Volume (OBV) is useful for identifying or confirming overall market trends, when both price and OBV are moving in the same direction the underlying trend is likely to continue.
* Devrgence - divergence occurs when price movement is not confirmed by the indicator. In many cases, these divergences can indicate a potential reversal
* During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout, and coversly if the OBV is falling, distribution may be taking place—a warning of a downward breakout.
Note of caution in using the On Balance Volume
- It is a leading indicator, meaning that it may produce predictions, but there is little it can say about what has actually happened in terms of the signals it produces. Because of this, it is prone to produce false signals. It can therefore be balanced by lagging indicators. Add a moving average line to the OBV to look for OBV line breakouts; you can confirm a breakout in the price if the OBV indicator makes a concurrent breakout
- A large spike in volume on a single day can throw off the indicator for quite a while. For instance, a surprise earnings announcement, being added or removed from an index, or massive institutional block trades can cause the indicator to spike or plummet, but the spike in volume may not be indicative of a trend
This study additionally presents
- Volume Histogram with a Volume Moving Average
- Volume Weighted Colored Bars
Other alternatives where OBV is used as source of creating indicators : RelativeStrength of VolumeIndicators , Neglected-Volume , StochX Indicator of Indicators , etc
As with most indicators however, it is best to use OBV with additional technical analysis tools
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
MR_Volume Bull/Bears pathThis script is aimed at helping to achieve the study taught by Brian Beamish in Level 1, chapter 'Volume analysis" at www.therationalinvestor.com
Just move it to your existing pane with OBV13 and Volume indicators. You can turn off Buyers/Sellers and other indicators in the pane for a better analysis.
#PMA4TW!
MR_Volume Bulls/Bears pathsThis script pretends to helps in the study taught by Brian Beamish in Level 1, chapter 'Volume analysis"
Just add it to your existing pane with OBV13 and Volume indicators. You can turn off Buyers/Sellers and other indicators in the pane for a better analysis.
#PMA4TW!
BankNifty - OBVThis script tries to draw OBV for BankNifty using Futures Volume along with Average OBV. For Nifty50 just change the Futures Volume symbol in settings. Look at devations in Price vs OBV or Average OBV breakout.
NSE:NIFTY
NSE:BANKNIFTY
Intrabar OBV/PVTI got this idea from @fikira's script Intrabar-Price-Volume-Change-experimental
The indicator calculates OBV and PVT based on ticks. Since, the indicator relies on live ticks, it only starts execution after it is put on the charts. The script can be useful in analysing intraday buy and sell pressure. Details are color coded based on the values.
Data is presented in simple tabular format.
Formula for OBV and PVT can be found here:
www.investopedia.com
www.investopedia.com
Goethe A - Multiple Leading Indicator PackageGoethe A is an Indicator Package that contains multiple leading and lagging indicators.
The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used.
What are those circles?
-These are OBV (or VPT, can be set in the options) Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What this middle line?
-The middle line is calculated by a smoothed Heikin-Ashi indicator. I can be used as a dynamic zone of support and resistance. Many times this indicator is used as entry signal giver in trend following strategies.
What are those background lines?
-The background contains a simple Daily Pivots indicator. This indicator can be read as zones of Support and Resistance that updated based on the used timeframe.
What is this smaller thin grey line?
-This is a very simple Stoploss indicator based on Donchian Channels. The trade direction is based and calculated by the local trend (background color)
What are those small orange or aqua triangles?
- These are Pivots . They show when the OBV or wolfpack oscillators (or a double confirmation of both) might reverse, this is important to know because many times the price action follows this move.
What are those purple triangles?
- These are Pivots . They show when the PVT oscillator might reverse, this is important to know because many times the price action follows this move.
What are those big orange or aqua triangles?
- These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator treshold and in conjunction with the overall local trend (background color).
What are those white squares?
- These are Overbought or Oversold regions of the build-in RSI bands indicator. Every time the price crosses one of the RSI bands those squares are printed. Most of the time this happens after a move and indicates that this strong move has come to an end.
Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
OBV+OBV with an extra twist.
Add up to 4 moving averages and choose from simple, exponential, smoothed, etc.
Choose to display a trend fill. Fill will be green when above the MA4 or red when below it. If the difference between the MA1 and MA4 is growing, the trend fill will be a more solid color indicating a strengthening trend. If the gap is lessening, it will gradually get more transparent indicating a weakening trend.
Finally, options to display bullish and bearish regular and hidden divergences are included.