OBV On Balance Volume - Divergences - Libertus

13 Jun 2019

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 edition script after I iron out bugs on this one.

Have fun and good luck with trading.

Note for those that are not familiar, here you can find my RSI divergences scripts:
RSI Divergences - regular -

RSI Divergences - candle edition -

19 Okt 2019

Catatan Rilis

What new:

• adapted script to new pine language version (v4)
  
• removed 8 n/a value that were cluttering indicator interface next to RSI value (only possible with v4 pine language)
  
• added option to have colored indicator background instead of BULL/BEAR labels
  

You can also check out my two other popular divergences scripts.

RSI divergences

RSI divergences - Candle edition

2 Mar 2020

Catatan Rilis

Small fix: Pivots didn't hide if you checked both "Hide pivot" and "Color background".