OPEN-SOURCE SCRIPT
On Balance Volume Oscillator + Bollinger Bands [SigmaDraconis]
Diupdate
On Balance Volume (OBV) Oscillator with Bollinger Bands (BB).
Inspired by LazyBear OBV Oscillator (link below)
Added BB to the oscillator and colored the OBV line yellow when it's outside the bands' limits, useful for finding over-extended zones where price reversals have higher probability of happening.
BB bands can be deactivated and the oscillator can be used as originally built by LazyBear if the BB bands are disabled and the OBV area activated.
Finding divergences helps increasing price behavior predictability too.
BB area is colored green when OBV is above the 20-period moving average and colored red when below it. This can be deactivated on the options to use regular BB colors or no BB at all.
If you like it and use it to profit, please tip me below :)
Tip jars:
BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis
OBV Oscillator from LazyBear -
Inspired by LazyBear OBV Oscillator (link below)
Added BB to the oscillator and colored the OBV line yellow when it's outside the bands' limits, useful for finding over-extended zones where price reversals have higher probability of happening.
BB bands can be deactivated and the oscillator can be used as originally built by LazyBear if the BB bands are disabled and the OBV area activated.
Finding divergences helps increasing price behavior predictability too.
BB area is colored green when OBV is above the 20-period moving average and colored red when below it. This can be deactivated on the options to use regular BB colors or no BB at all.
If you like it and use it to profit, please tip me below :)
Tip jars:
BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis
OBV Oscillator from LazyBear -
Catatan Rilis
Added bollingerbands and onbalacevolume tags and "_SD" to the short title (for "SigmaDraconis").Skrip open-source
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