IDEA is to easily spot the length of a calm periods based on OBV.
Some says that after a longer OBV-calm (but not supercalm) period up or down rallies are somewhat more likely)
METHOD: variance of OBV
ADVISE: cannot be used on its own, just with others (RSI, CCI, Coppock, MACD etc.)
Period shall be adjusted to the market.
PERSONAL: I also use it to evaluate...
My premium indicators are available for monthly lease at www.tradingview.com
I previously published a simple OBV that allowed you to manually apply a different security to the one you are charting as the volume plot. However, this script will automatically apply the correct volume data to whatever forex pair you are viewing without...