Stochastic OBV Momentum

This indicator combines a classic price-based Stochastic Oscillator with a Stochastic Oscillator applied to OBV (On-Balance Volume) in a single panel, giving traders a clear view of both price momentum and trading volume strength on a normalized 0–100 scale.

How it works:

Price Stochastic: Measures momentum by comparing the current closing price to the highest and lowest price over a user-defined period.

OBV Stochastic: Applies the same formula to OBV values, providing insight into volume-driven momentum relative to historical data.

%K and %D Lines: Plotted for both Price and OBV, with adjustable smoothing and period lengths.

Upper and Lower Bounds: Customizable thresholds define overbought and oversold regions for both Price and OBV.

Visual Features:

Two lines for Price (%K and %D) with customizable colors.

Two lines for OBV (%K and %D) with distinct colors.

Overbought and oversold levels drawn as horizontal lines (red/green).

Background highlight options:

Sequential Entry/Exit signals (green for entry, red for exit).

OBV Bound Cross highlights (red when K crosses upper bound, green when it crosses lower bound).

Alerts:

Triggered when %K crosses %D in overbought or oversold zones for Price.

Triggered when OBV %K crosses upper or lower bounds.

Can be configured for automated trading platforms such as GunBot.

Benefits for Traders:

Tracks both price and volume momentum simultaneously.

Easily spot divergences between Price and OBV.

Improve entry and exit timing with visual signals and customizable alerts.

Settings:

%K length for Price and OBV.

Smoothing periods for %K and %D.

Upper and lower thresholds for overbought/oversold regions.

Option to toggle display of lines and background highlights.