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[KICK] Smart OBVCD Divergences

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This indicator is part of a pair of indicators that make it easier to spot divergences in On Balance Volume , but make the calculations using a unique method. THIS ONE IS IN THE UPPER (PRICE ACTION) PANE OF THE SAMPLE CHART.

Volume is segmented into buy or sell volume by analyzing smaller timeframes (down to 1 minute)

The sell vs. buy volume is calculated as a running total (as per normal OBV calculations)

The Convergence/Divergence of the OBV Buy and Sell volumes are calculated and smoothed with 3rd generation averaging methods

The Smart OBVCD indicator (THE RELATED INDICATOR) visualizes the above calculation on a histogram to make it easier to see the values and how they relate to the price action.

The Smart OBVCD Divergence indicator (THIS ONE) plots Regular and Hidden Bullish and Bearish divergence on higher timeframes based on the calculations and also provides early “warnings” for unconfirmed divergences forming (note: these are unconfirmed because the higher high or lower low have now yet been confirmed on the higher timeframe).

Use the link below to watch a tutorial video, request a trial, or purchase for access.
Note di rilascio
Added max_bars_back and also adjusted line thickness defaults to be in line with TradingView changes
Note di rilascio
Added alert conditions for hidden divergences
Note di rilascio
Updated default alert condition messages.
Note di rilascio
Minor fixes

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.