This is a modified OBV indicator that creates an oscillator by smoothing the difference between the value of the OBV and a short moving average of the OBV. SMAs of the oscillator are also provided to study crosses and convergence/divergence.
The indicator should mostly be used on common stock, but works on futures contracts with some tuning and a shorter timeframe.
Hello everyone. This script was released on accident but it seems some people have found use out of it. If there are any changes that should be made or features that would help visualize the data better, please feel free to leave a comment here.
Hello everyone. This script was released on accident but it seems some people have found use out of it. If there are any changes that should be made or features that would help visualize the data better, please feel free to leave a comment here.
- Joe