Candle body weighted On Balance Volume
Regular OBV bothers me because it doesn't consider the candle body size. In the example here above you can see the regular OBV at the bottom and how it just moves sharply down because the price closed just below the open price, if it would have closed just above the open price it would have moved up by the same amount. To me it shouldn't be that way. This is why i created this indicator, to take into consideration the candle body size (as you can see on the example posted here above).