Introducing an Enhanced Version of the Classic OBV Indicator The On-Balance Volume (OBV) indicator is a well-known tool among traders, celebrated for its ability to track momentum by using volume flow to predict changes in stock price. For an overview of the original OBV indicator, please visit: www.tradingview.com . What Makes This Version Different?...
The OBV Heikin Ashi indicator is a modified version of the On-Balance Volume indicator that incorporates the Heikin Ashi transformation. This technical tool aims to provide traders with a smoother representation of volume dynamics and price trends. The OBV Heikin Ashi indicator combines the principles of OBV and Heikin Ashi to offer insights into the volume and...
The main idea of this oscillator is to place the OBV oscillator and its oscillation around the range of 0 and around -50 to +50 and for this scaling of the "On Balance Volume" oscillator, I have used Min-max normalization. Since this oscillator does not have a specific minimum and maximum, just setting the maximum and minimum does not seem the best thing to do. As...
OBV Trend is a modification I made in other scripts, so that after months of testing, I got a very accurate indicator as to the right moment to enter a high-yield trade. The red line indicates the very short-term OBV variation, counting the last 3 candles. The yellow line shows the short-term OBV variation, counting the last 9 candles. The white line shows the...
Purpose - Stochastic is the best momentum indicator and On Balance Volume (OBV) is the best volume indicator. Why not combine both to come up with a more sophisticated oscillator? How It's Done - I had to put OBV as an oscillator (returning values between 0 and 100) in order to put it in the same pane with the slow stochastic oscillator. Otherwise, their...
Ripple momentum indicator. This is indicator is not based on any other indicator. This indicator is a momentum indicator. How is working? This indicator is calculating the gap in for each candle and determining the volatility of this candle . Applying WMA average we can get an idea if the volume is coming to the market or not. Following the same theory as OBV...
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...
I publish my OBV script for Volumes analysis & Volumes switch spotting. This indicator include : On Balance Volumes, 6 EMAs based on Volumes, Regular and Hidden divergences with double pivot confirmation OBV Colors is gradient : momentums with power will turn to lighter colors, momentums without power will turn to darker colors 1) OBV : On Balance...
The McNamara's Tally was created by Nolan McNamara (Stocks and Commodities Feb 2022 pgs 44-45) and this aims to fix the issues with both the On Balance Volume and the Accumulation/Distribution Line by using a variation of Wilder's True Range to keep track of volume flow to better differentiate between bullish volume and bearish volume. I added a signal line to...
This indicator will help you to read OBV in a different way. I added rules I am following for my own system and experience. OBV is one of the best indicators in my experience for trading. How to trade with this indicator. Rules: OBV > 0 line Market should be considered bullish OBV< 0 Market should be considered bearish Moving Averages: EMA 55 (YELLOW...
This is On-Balance Volume recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts. On-Balance Volume, or OBV is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The...
Traditional Triple RSI Oscillator combining a Fast, Normal, and Slow RSI to achieve high accuracy entry and exit strategies. This indicator is UNIQUE because it uses a mathematical filter to trim false signals from the RSI, thus creating a reliable RSI driven entry and exit indicator represented by red and green arrows. For additional functionality divergences are...
Smoothed, Simplified, and Color-coded OBV to easily understand the price direction. Primarily uses Price Action, Moving Averages(EMA), and Volume Green Zone is Uptrend Red Zone is the Downtrend. Confirm the direction with other indicators Check multiple timeframes.
Multiple volume oscillators in one. Description: As Warren Guppet once said, be “fearful when others are buying less, and greedy when others are selling less.” Divergences are the main point of usage of all bundled indicators. OBV Oscillator, remade. The formula has been changed to smooth out the way OBV is calculated during a trending move OBV Oscillator,...
On Balance Volume Flow (Expo) identifies buying and selling pressure at extreme points. On Balance Volume Flow (Expo) is primarily used to identify potential turning points and areas of congestion. Vwap can be enabled as an input source instead of using Volume. The indicator can be used standalone or as a part of your current trading strategy. HOW TO...
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...