theheirophant

Modified OBV w/ Divergence Detection by Cryptorhythms

Apirine OBV-M Modified OBV w/ MA Selection by Cryptorhythms

Intro

Released in the April 2020 issue of TASC, and created by Vitali Apirine.

Description

OBV-M is of course based on the classic indicator on balance volume originally developed by Joe Granville. Apirine then smooths the calculation and adds a signal line to help denote entry and exit points.

As the author points out uts also great at showing divergences!

Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!

💠MA selection to allow you to experiment with alternate settings
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Divergence Detection and plotting thanks for Ricardo Santos' script


Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 78th script on Tradingview!
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?

Commenti

500 coin
Rispondi
theheirophant PineCoders
@PineCoders, Thanks guys! Going to give these to other authors and spread the love! :)
+1 Rispondi
Looks promising..! Thanks for sharing :) What do H and R stand for..?
+10 Rispondi
tradeharry VargVemund
@VargVemund, the answer is at the bottom of the code mate
+6 Rispondi
Kamalov_Kimo VargVemund
@VargVemund, Hidden and Regular
+1 Rispondi
I was working on OBV when I noticed that script. T3 moving average is giving a better response than the standard MA's. Thanks anyway to pointing in the right direction
+3 Rispondi
theheirophant parisseine
@parisseine, thanks for the suggestion! I will include in a new update as well as many other moving average also :)
Rispondi
Good and reliable indicator for volume,thank you.
+2 Rispondi
VWMA of OBV? hmmm...
+2 Rispondi
Thank U, like always mate!
+2 Rispondi