OPEN-SOURCE SCRIPT

OBV based Oscillator

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Hello World,

This is my first indicator born from my trading ideas.

This is basically an OBV based Osciallator.

Here are my advices for the users,

  • I generally use this indicator for day trading for 1 min and 5 min timeframes (Higher timeframes can be used)
  • Use this indicator for currencies with high volume and high volatility (Take some high risks!..)


There may be several trading strategies using this indicator. But, I prefer this risky strategy;

  • Enter when indicator passes OS line upwards
  • Wait until indicator passes OB level
  • Exit when slope of the indicator changes at the OB level


Happy trading,

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