Hello all, As my RSI divergences script became popular, I got few requests for making divergences scripts on other indicators. One of most popular and requested indicators next to RSI is OBV (on balance volume) which measures buy and sell volume based on candle close (green/red). So finally, here it is, divergences script for OBV. I'll probably also make candle...
It compares how much the asset has gone up or down in % more or less relative to BTC % increments. It can also be converted into an oscillator
Plots diag breakouts and breakdowns of on balance volume. Toggle allows you to turn diags on and off. Default leaves them off since it's easier to view obv this way. green = breakout lime = parabolic breakout red = breakdown fuchsia = sell-off all other colors are indicative of chop
Previous Day High and Low Breakout Bar Color
Previous Day High and Low Breakout Strategy
THE BEST INDICATOR SO FOR CREATED , 5 YEARS OF TRADING EXPERIENCE EASILY CAN READ DIVERGENCE , TREND, CAN PREDICT EXIT , ENTRY EARLIER . I DIDN`T ARRANGED COLORS PROPERLY , SPEND SOME TIME USE THE INDICATOR AND READ CHART IT REALLY HELPS
Just playing around with some ideas I had with On Balance Volume (OBV). Added a divergence spotter and EMA's that all uses OBV as a source. Let me know if you have any feedback! My main use of OBV: 1) Confirm trend continuation: When price has a clear trend, OBV should be aligned with the trend. 2) Discover price reversal: When price and OBV moves in opposite...
This Central Pivot Range is based on Pivot Boss book from Frank Ochao. All Resistance/Support/CPR width has been reduced for clear view