This is a simple application of OBV indicator (On-Balance Volume ), to visually determine when a given stock current obv is near the highest or lowest based on the number of lookback bars.
Indicator examples:
### OBV value is near an all-time high ##
Example
Inputs
Notes:
OBV information
https://www.investopedia.com/terms/o/onbalancevolume.asp
Comments:
This is my first script any ideas, suggestions, or detected errors (language/script) don´t hesitate to send a message.
Best regards, Mauro.
Indicator examples:
### OBV value is near an all-time high ##
- breakthrough, stock value could set new all-time highs.
- rejection, stock value could come down or consolidate.
Example
Inputs
- OBV High Lookback -> numbers of bars to look back for the obv high.
- OBV LowLookback -> numbers of bars to look back for the obv low.
- OBV EMA Length -> Ema length
Notes:
- This script also comes with an ema indicator based on obv for smoothing the obv signal since it gets noise at lower timeframes (by default comes disabled)
OBV information
https://www.investopedia.com/terms/o/onbalancevolume.asp
Comments:
This is my first script any ideas, suggestions, or detected errors (language/script) don´t hesitate to send a message.
Best regards, Mauro.
Catatan Rilis:
Minor fix : Change OBV plot color from white to yellow to fix white theme problem