Hello Traders! Custom Range Creator is a specialized trading tool designed for traders who incorporate range analysis into their trading strategy. Once you set the desired number of past candles or provide a manual input, the indicator will automatically draw a range for you. This unique feature allows you to customize the range based on the highest and lowest...
OBV is a technical indicator used to observe changes in volume. Traditional OBV calculate all historical volume, it makes the OBV being usually higher than 0. What I think of this is that calculating volume for a period of time is more useful than all historical volume. So I made some adjustments to the OBV Period, only calculating the volume from the past 120...
Overview: One-stop shop for all your divergence needs, including: (1) A single metric for divergence strength across multiple indicators. (2) Labels that make it easy to spot where the truly strong divergence is by showing the overall divergence strength value along with the number of divergent indicators. Hovering over the label shows a breakdown of each...
This 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
The On Balance Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic OBV indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the obvdi rises above its signal line and sell when it falls below the signal line. This was a...
The On Balance Volume Reflex Indicator was developed by Fred Purifoy (Stocks & Commodities V 6:4 142-144) and it is similar in calculation to the On Balance Volume indicator but uses a lookback period for the change comparisons. Buy when the OVR is above the signal and sell when it falls below the signal. I have included my On Balance Volume Modified Indicator to...
Here is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50. This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25 Please let me...
This script looks for divergences on up to six indicators, sums them up and draw a histogram below the chart. You have several options to customize the output: 1. indicators: RSI, Stoch RSI, MACD, CCI, OBV, WaveTrend (LazyBear) 2. Divergences: Regular, hidden, both 3. Lookback period for divergences BITSTAMP:BTCUSD