Hello traders,
This indicator is the enhancement to my previous indicator (RSI+OBV). There is combined RSI and OBV with DMI. This new indicator is combination of RSI and OBV with VWAP . I have been using this indicator for intraday trades in NIFTY & BANKNIFTY .
The white line indicates the movement of VWAP wrt current price. There default range for this has been...
WELCOME TO THE CHEAT CODE REDEMPTION PACK!!!!
I want to take a deep dive into what this indicator consists of and how you can use it to improve your trading strategy.
-What does the CCR consist of?
The Oscillator:
The oscillator is a combination of a true strength index sampled from on-balance volume and a regular RSI at default settings. The reason I...
Here is a new screener for everyone.
I have applied my Better Divergence On Any Indicator logic to scan 3 different indicators and up to 6 different assets at one time. Shoutout to LonesomeTheBlue and QuantNomad for their respective work on divergence and scanner scripts. I've implemented similar logic to put together this scanner.
So far, I have added...
//Date: 11-Oct-22
//Author: Jatinder Sodhi
OBV Indicator with colour coding.
Blue - Long
Red - Short
Best used for Intraday on 5 minute charts. Works well on other timeframes as well.
@Inspired by Asit Baran's RankDelta:OBV Indicator
//Not an exact replica as I have found one line correctly ema(obv,21)
//Whereas second line ema(obv,5) corresponds closely with...
this strategy works on the basis of crossovers of RSI at different period and OBV at different periods (separately). I am using it for Nifty and Bank Nifty. Entry for long can be taken when green bar appears; and exit has to be done when it disappears. Entry for short has to be taken when red bar appears; and exit has to be done when it disappears.
With little...
OBV:
The OBV is perfect indicator to understand the strength of the particular stock. As the strength increase, the trend of the stock goes high along with price. But, the OBV is considered only with close of previous close which is to make sure the double confirmation on the price to accumulate the volume.
Altered OBV:
So, here is the altered OBV, which...
The objective of this indicator is to be a leading indicator that can detect a large price change before it happens. It is based on the On Balance Volume (OBV) indicator, which is a leading indicator based on the premise that a large change in volume often precedes a large price change. This indicator charts the N-Period deviation of the OBV data and displays it...
This Indicator shows you the strength of the Currency based OBV RSI.
If the Currency label is on the top, it is strong, if it is on the bottom, it is weak
use sample image
I use 1 chart just for OBV CSI :)
Purpose - Stochastic is the best momentum indicator and On Balance Volume (OBV) is the best volume indicator. Why not combine both to come up with a more sophisticated oscillator?
How It's Done - I had to put OBV as an oscillator (returning values between 0 and 100) in order to put it in the same pane with the slow stochastic oscillator. Otherwise, their...
Credits go to vyperphi696 and LazyBear for the original OBV with Divergence script.
This indicator has the new option to check for momentum divergence, which I have done by adding RSI and MACD data.
Hence the indicator allows combined testing of volume and momentum divergence. This feature aims to improve trend reversal detection by reducing false...
An experimental modification of TradingView's built-in OBV indicator that calculates its value with intrabar data.
This leads to a more accurate OBV trace because it considers the price swings that happen within the time period of each candle, instead of only considering the candle close price.
For example: on a 4H timeframe a single candle spans 4 hours. In this...
The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure.
It is a cumulative indicator meaning that on days where price went up, that day's volume is added to the cumulative OBV total.
If price went down, then that day's volume is subtracted from the OBV total.
The OBV value is then plotted as a line for easy...
Level 1
Background
As requested, this is a combo of OBV and MFI indicators
Function
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
The Money Flow Index (MFI) is a technical...
The Volume Accumulator is used in technical analysis to identify strengths and weaknesses in a market. It is derived from the On Balance Volume indicator, except that instead of giving all the volume to bears on red days and bulls on green days it gives a proportional amount to both depending on the relative close price. As with many trading indicators, classic...
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and...
Faust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT.
TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally.
Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small).
For TSV, the...
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and...
![USDJPY: OBV CSI [mado]](https://s3.tradingview.com/j/jdaNQ1lO_mid.png "OBV CSI [mado]")
![BTCUSD: [blackcat] L1 OBV-MFI Combo](https://s3.tradingview.com/n/NbZMVtgh_mid.png "[blackcat] L1 OBV-MFI Combo")
![QQQ: OBV Overbuy+sell Oscillator[RSU]](https://s3.tradingview.com/8/84ZKmX4S_mid.png "OBV Overbuy+sell Oscillator[RSU]")
