theheirophant

Modified OBV w/ Divergence Detection by Cryptorhythms

Apirine OBV-M Modified OBV w/ MA Selection by Cryptorhythms

Intro

Released in the April 2020 issue of TASC, and created by Vitali Apirine.

Description

OBV-M is of course based on the classic indicator on balance volume originally developed by Joe Granville. Apirine then smooths the calculation and adds a signal line to help denote entry and exit points.

As the author points out uts also great at showing divergences!

Extras
As usual when porting indicators to the library here on tradingview, I like to add some extra flare!

💠MA selection to allow you to experiment with alternate settings
💠Bar coloration based on trade state for easy visual at a glance chart checking
💠Divergence Detection and plotting thanks for Ricardo Santos' script


Enjoy!
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 78th script on Tradingview!
סקריפט קוד פתוח

ברוח TradingView אמיתית, מחבר סקריפט זה פרסם אותו עם קוד פתוח, כך שסוחרים יוכלו להבין ולאמת זאת. הידד למחבר! אתה יכול להשתמש בו בחינם, אך שימוש חוזר בקוד זה בפרסום הנו בכפוף ל כללי הבית . אתה יכול להגדירו כמועדף ולהשתמש בו בגרף.

רוצה להשתמש בסקריפ זה בגרף?

תגובות

500‎מטבעות
השב
theheirophant PineCoders
@PineCoders, Thanks guys! Going to give these to other authors and spread the love! :)
+1 השב
Looks promising..! Thanks for sharing :) What do H and R stand for..?
+11 השב
tradeharry VargVemund
@VargVemund, the answer is at the bottom of the code mate
+6 השב
Kamalov_Kimo VargVemund
@VargVemund, Hidden and Regular
+1 השב
I was working on OBV when I noticed that script. T3 moving average is giving a better response than the standard MA's. Thanks anyway to pointing in the right direction
+3 השב
theheirophant parisseine
@parisseine, thanks for the suggestion! I will include in a new update as well as many other moving average also :)
השב
Good and reliable indicator for volume,thank you.
+2 השב
VWMA of OBV? hmmm...
+2 השב
Thank U, like always mate!
+2 השב