Just 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.
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
IDEA is to easily spot the length of a calm periods based on OBV. Some says that after a longer OBV-calm (but not supercalm) period up or down rallies are somewhat more likely) METHOD: variance of OBV ADVISE: cannot be used on its own, just with others (RSI, CCI, Coppock, MACD etc.) Period shall be adjusted to the market. PERSONAL: I also use it to evaluate...
I decided to make this formerly invite only script public (you can find the invite only version here If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well. I would love to know your ideas and thoughts on how this indicator can be improved, so...
The script applies an EMA to OBV . By default, the EMA=13 periods. All calculations are based off the closing price.
modified equation using sum of volume*hlc3*(close-open)/(high-low) to give more accuracy of distribution within a single candle unlike regular obv.
OBV takes difference between old close and new close and multiplies by volume without considering high and low. This assigns the entire volume into a single direction even tho movement could've been in both. Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have...
OBV takes difference between old close and new close and multiplies by volume without considering high and low. This assigns the entire volume into a single direction even tho movement could've been in both. Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have...
Shows agreement or disagreement between the direction of the the price and the on-balance volume. When they disagree, the price is supposed to follow the OBV (or so they say.)
Improved version of OBV/price (this one actually works) Both lines show where price is going relative to volume metrics (one line uses OBV, the other uses accumulation/distribution). Green and above 50 means price is rising faster then buying volume Red and below 50 means price is falling faster then selling volume you can add smoothing in the controls and...
First, look at the chart, then read. Use OBV/Price to see a price adjusted by 'On Balance Volume' - (OBV), a momentum indicator that measures positive and negative volume flow, was developed by Joseph Granville and introduced in 1963. The indicator, together with trend lines, provides good entry/ exit points. In the chart note the exit point before the...
This Script takes the average On Balance Volume of 4 bitcoin exchanges. Bitfinex:BTCUSD Okcoin:BTCUSD BTCE:BTCUSD HUOBI:BTCCNY
This Script takes the average On Balance Volume of 4 bitcoin exchanges. Bitfinex:BTCUSD Okcoin:BTCUSD BTCE:BTCUSD HUOBI:BTCCNY
My premium indicators are available for monthly lease at www.tradingview.com I previously published a simple OBV that allowed you to manually apply a different security to the one you are charting as the volume plot. However, this script will automatically apply the correct volume data to whatever forex pair you are viewing without requiring a manual setting.
My premium indicators are available for monthly lease at www.tradingview.com On request from SunnyBTC for trading Forex pairs that do not themselves have any volume indication. The concept: A simple OBV that will display the volume of a security other than what you are charting. Edit: This script has been updated.
Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility. In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative...