On Balance Volume locked 5min (CVI)OBV shows the cumulation of the volume bars. All the volume in a green bar gets added to the obv and all the volume in a red bar gets subtracted. At a higher timeframe this can be misleading, because it filters out a lot of volume. This indicator locks the obv at 5 minutes, giving more information about the total amount of added and subtracted volume.
On Balance Volume (OBV)
OBV Divergence Alerts (BETA)This Script uses the original code from the 'PPO Divergence alerts' by Scarf
Only difference is the OBV Ocilator by lazybear is used as the input instead.
Adjust the smoothing setting as required to change sensitivity for alerts.
Feel free to contact me if you would like more info.
OBV for ProfitTrailer by BotIndicatorsThis is a highly adjustable indicator for the ProfitTrailer Crypto Currency Trading Bot.
It showcases a special version of OBV how it is calculated by ProfitTrailer. Due to the limitations in how ProfitTrailer works this does not reflect the values of a classical OBV.
Important note: Due to differences in price update you won't be able to compare the live values calculated by the Bot and the ones on Tradingview. They will likely differ a lot due to different update cycles. We are trying to improve this in the future but we don't know if it cand be handled any better.
Note: This is a first public release, future modifications may follow and are then shown here as updates. Always read this page to the end.
RIZ OBV with coloured CCIThis ones useful for spotting divergence on OBV, and also includes CCI to show overbought and oversold areas in the volume. I've coloured the OBV bar with the CCI levels. Look for divergence (best results on 5min chart I believe) with this and you can spot where to sell if a second peak is not supported by volume, also shows where the big guns are dumping lots of volume!
A volume study is always a good addition to any analysis I feel, and this is one of my day to day always on indicators.
OBV Daily ResetJust a quick OBV indicator for intraday trading that resets to 0 at the start of each new session (based on dayofmonth changes). I saw someone looking for this in chat and jotted it down for him.
OBV divergence hidden and regular on both bearish and bullish.OBV (on balance volume) divergence indicator with hidden and regular signal on both bearish and bullish.
VolumeThis is an OBV (On Balance Volume) with two different moving averages on it plus a bollinger band set to OBV to find the squeeze and expansion points on OBV. As you many know, OBV is one of those indicators that can show you the volume and not only that but also the direction that volume is going.
On Balance Consolidated Volume 1min [BTC] CCI EMA OROn Balance Consolidated Volume var interval
38 Exchanges
On Balance Volume (CCI-coded) [Krypt]This is a straightforward modification of LazyBear's CCI-coded OBV indicator with the following changes:
1) uses log-hl2 as source, which seems to be a more stable indicator of price change than close
2) adds optional price smoothing
Variance of OBVIDEA is to easily spot the length of a calm periods based on OBV.
Some says that after a longer OBV-calm (but not supercalm) period up or down rallies are somewhat more likely)
METHOD: variance of OBV
ADVISE: cannot be used on its own, just with others (RSI, CCI, Coppock, MACD etc.)
Period shall be adjusted to the market.
PERSONAL: I also use it to evaluate how long an uptrend/downtrend is "normal" and when it is a "changer".
Also to see if a market is too flat. (No changes in flat periods is also not a good sign for me)
Also to evaluate magnitude of bursts.
Have fun, use stops, avoid FOMO and comments welcome!
Dav-o meter (public)I decided to make this formerly invite only script public (you can find the invite only version here
If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well.
I would love to know your ideas and thoughts on how this indicator can be improved, so feel free to give any feedback.
Remember to give it a thumbs up if you like it.
On Balance VolumeThe script applies an EMA to OBV . By default, the EMA=13 periods. All calculations are based off the closing price.
OBV IBOVOn Balance Volume is one of the most popular volume-based indicators and my favorite. In the absence of volume data for the IBOV I decided to construct the volume indicator and the OBV indicator based on that.
O On Balance Volume é um dos indicadores baseado em volume mais popular e o meu favorito. Na ausência de dados de volume para o IBOV resolvi construir o indicador de volume e o OBV baseado nele.
[ST] obv adl combination v4modified equation using sum of volume*hlc3*(close-open)/(high-low) to give more accuracy of distribution within a single candle unlike regular obv.
OBV Accumulation / Distribution combination v2OBV takes difference between old close and new close and multiplies by volume without considering high and low.
This assigns the entire volume into a single direction even tho movement could've been in both.
Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have close or open far from high or low and price moving in the other direction like in a series of descending hammers.
This is attempt to combine both so relative motion between candles is detected and volume direction is assigned based relative to movement within a candle to account for volume in both directions.
+ and - depends if close is above previous close (+ if above, - if below)
Maximum upward volume counts if close = high and previous close = low, this makes multiplier 1 and thus entire volume is counted upwards
Maximum downward volume counts if close = low and previous close = high, this makes multiplier -1 and thus entire volume is counted downwards.
Zero volume movement occurs when close = previous close.
Half upward volume movement occurs if close-previous_close is half the range from high-low.
Update:
Open used instead of previous close due to issues with grabbing previous close on some charts. This seems more accurate for gaps without volume.
OBV Accumulation/Distribution combinationOBV takes difference between old close and new close and multiplies by volume without considering high and low.
This assigns the entire volume into a single direction even tho movement could've been in both.
Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have close or open far from high or low and price moving in the other direction like in a series of descending hammers.
This is attempt to combine both so relative motion between candles is detected and volume direction is assigned based relative to movement within a candle to account for volume in both directions.
+ and - depends if close is above previous close (+ if above, - if below)
Maximum upward volume counts if close = high and previous close = low, this makes multiplier 1 and thus entire volume is counted upwards
Maximum downward volume counts if close = low and previous close = high, this makes multiplier -1 and thus entire volume is counted downwards.
Zero volume movement occurs when close = previous close.
Half upward volume movement occurs if close-previous_close is half the range from high-low.
Price/OBV divergenceShows agreement or disagreement between the direction of the the price and the on-balance volume. When they disagree, the price is supposed to follow the OBV (or so they say.)
On Balance Volume/PriceFirst, look at the chart, then read.
Use OBV/Price to see a price adjusted by 'On Balance Volume' - (OBV), a momentum indicator that measures positive and negative volume flow, was developed by Joseph Granville and introduced in 1963.
The indicator, together with trend lines, provides good entry/ exit points.
In the chart note the exit point before the crash.
Also, note the "wedge" - a bit lees optimistic that the 'price only' wedge for SPY.
