Pure Volume Divergence [NeoButane]PVD: MACD with volume as source.
Options to configure:
OBV, PVT, or MFI as source
Display PVD or a faux zero-based oscillating CVD
ווליום מאוזן (OBV)
[A618] Liquidity Levels Based OBV SR with KAMAWe all know OBV plays a very important role in figuring out price volume divergences and it can help anyone analyse the directivity force of the market and has a very good tradeoff if applied correctly
In this Experiment i have derived liquidity levels for OBV using volume jumps inside the market
A volume jump is classified as:
Good Volume Jump = 1.618 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
Great Volume Jump = 2 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
Extreme Volume Jump = 3 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
So the horizontal levels which you see on the indicator (colored in red/ blue / gray lines) are the derived Liquidity Levels for OBV in the Market, these are the levels where OBV is most likely to perform a movement or come back
Also I have applied KAMA indicator on top of OBV for better Directive guidance, as of my experiments KAMA seems to be most stable and consistence of all the other moving averages,
KAMA's Length inculde:
KAMA - 8
KAMA - 34
KAMA - 200
Hope this Script help you guys!
Thanks to Tradingview for providing such an awesome platform
##Note for Credits ::
The Ehlers 2 pole butterworth Filter function is derived from @cheatcountry script ()
Volume Zone Oscillator [xdecow]Volume Zone Oscillator (VZO) is an indicator that presents a different way of looking at OBV.
VZO is a difference (delta) between OBV and an exponential moving average.
The EMA becomes the baseline 0.
And in this way we can observe the strength of the movements, overbought and oversold (when the OBV is far from the average) and divergences.
RogTrader On Balance VolumeSmoothed, Simplified, and Color-coded OBV to easily understand the price direction.
Primarily uses Price Action, Moving Averages(EMA), and Volume
Green Zone is Uptrend
Red Zone is the Downtrend.
Confirm the direction with other indicators
Check multiple timeframes.
Divergence RSI-OBVDivergence detector on RSI of On Balance Volume. Using a modified script from XaviZ(RSI-VWAP) but instead of VWAP as a source in this script source is OBV, for divergence detector is a script from Libertus. In this version, results are filtered using STOCH oversold or overbought filter from matt_b script MFI Divergence v2.
An indicator for entry in choppy markets, signals for entry in trending market to follow the trend work well. A good way to spot if there is a weakness in a trend but gives too many false positives for spot reversal, so only good for scalping with tight stops if betting against the trend. Multiple divergences in combination with indicator hitting the overbought or oversold should give good places for entry.
Improved On balance volume with BB channel and double MAThis is an improved version of the on balance volume indicator.
I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend.
Green - > uptrend - > we look for buy positions
Red - > downtrend -> we look for sell positions.
At the same time we have to be aware of crosses on bollinger bands, which can indicate a change in the trend .
RedOBVOBV where you can choose a specific timeframe. Also I duplicated it, so now it could be easier to draw trendlines if you pick dots and line.
The main idea is to spot divergence between the price and OBV. Big buys or sells could be well camouflaged on the 4H 1D candles, but it's much harder to hide something on 1-5 min timeframes.
VVOscillator [nb]Multiple volume oscillators in one.
Description:
As Warren Guppet once said, be “fearful when others are buying less, and greedy when others are selling less.”
Divergences are the main point of usage of all bundled indicators.
OBV Oscillator, remade. The formula has been changed to smooth out the way OBV is calculated during a trending move
OBV Oscillator, original OBV formula.
Price Volume Trend Oscillator. Similar to OBV, except price is taken into account as well.
Price Volume Trend Oscillator, log.
Accumulation/Distribution. (close - low) - (high - close) / (high - low), then multiplied by volume
Chaikin Money Flow . Very similar to accum/dist except it was already made into an oscillator.
OBV just by itself. Change style to line for easier interpretation.
Experimental function that utilizes a part of CCI
This is the unedited "Variable Volume Oscillator v1" released for free use. In the time since I've created it, I've realized it's something I'd like to share because I like it and hope you will too.
Kal's MTF OBV Haar Version 3Kal’s Multi-Time-Frame On-Balance-Volume Haar, also known as Kal’s MTF OBV Haar is a method/study for finding trending volume levels on stocks, indexes and cryptocurrencies using OBV, CMF and CCI over different time-frames (10Min, 1H, 4H, 1D, 1W, 1Month).
Upon adding to the 10Min chart, the sample Image in Tradingview looks as follows:
Note: Always check your time-frame(TF). Compare current TF to a row’s(bead row’s) time-frame. Ensure current TF is lower than a row’s time-frame when looking at it and higher time-frame rows above it. For instance, if you choose your chart’s time-frame at 1D, the lower time-frame rows(i.e. 10Min, 1H, 4H) don’t make sense.
For cryptocurrencies, one week is 7 periods, two weeks is 14 periods
For stocks, one week is 5 periods, two weeks is 10 periods
For the study of stocks, I used
9-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
4-period EMA over OBV for time-frames (W, M)
For the study of cryptocurrencies, I would update EMAs as follows:
13-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
6-period EMA over OBV for time-frames (W, M)
These days I'm finding the following parameters have better fitting
19-period EMA over OBV for time-frames (10Min, 1H, 4H, D)
9-period EMA over OBV for time-frames (W, M)
Description:
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In the study plot, the lowest row is 10Min, the row above 10Min is 1H, then 4H, then 1D, then 1W and the highest row is 1M
Note: Always check your time-frame(TF). Compare current TF to a row’s(bead row’s) time-frame. Ensure current TF is lower than a row’s time-frame when looking at it and higher time-frame rows above it. For instance, if you choose your chart’s time-frame at 1D, the lower time-frame rows(i.e. 10Min, 1H, 4H) don’t make sense.
Lime( Bright Green) dot implies Trending Uptrend for that time-frame
Red dot implies Trending Downward for that time-frame
It’s best to wait and research for possibility of Trend Reversal during the following dots/bricks:
Silver dot implies indecisive up
Orange dot implies indecisive downtrend
Lime Brick implies CCI is near Zero line( between 15 and 0)
Red Brick implies CCI is near Zero line( between -15 and 0)
Purple dot implies CCI zero rejection to possibly/probably continue trend UP
Yellow dot implies CCI zero rejection to possibly/probably continue trend Down
Aqua dot implies that trend is overbought or oversold. This dot usually happens between red dots or green dots. Therefore, it’s best to wait for pull-back especially in lower time frames.
Safe Trading!
Kal Gandikota
Legal Disclaimer: This script is published here so I get replies from fellow viewers to educate myself. Hence, if anyone uses this script for making their financial decisions, I am not responsible for any failures incurred. If you have questions or improvements related to this script, please feel free to leave comments and as time permits, will respond to those comments.
Stoch X, an Indicator of Indicators by DGTStochastic refers to a randomly determined process and financial markets use stochastic models to represent the seemingly random behaviour of assets and then used by quantitative analysts to value options on asset prices
The stochastic oscillator, developed by George Lane, presents the location of the closing price of a stock in relation to the high and low range of the price of a stock over a period of time. Lane has said that the stochastic oscillator does not follow price or volume or anything similar. He indicates that the oscillator follows the speed or momentum of price.
Traditionally, readings over 80 are considered in the overbought range, and readings under 20 are considered oversold. Please note that, very strong trends can maintain overbought or oversold conditions for an extended period and traders should look to changes in the stochastic oscillator for clues about future trend shifts. It is advised to check the higher timeframe of your trading timeframe and see where you are in the “big picture”
Signal crosses , intersection of stochastic and its signal line is considered to be a signal that a reversal may be in the works
Divergence between the stochastic oscillator and trending price action is also seen as an important reversal signal
Lane also reveals in interviews that, as a rule, the momentum or speed of the price of a stock changes before the price changes itself . In this way, the stochastic oscillator can be used to foreshadow reversals when the indicator reveals bullish or bearish divergences. This signal is the first, and arguably the most important, trading signal Lane identified.
What is Stochastic X ?
Stochastic X , is essentially an indicator of an indicator, providing stochastic calculation to some of well known indicators, such as RSI, MFI, OBV, etc. This means that it is a measure of selected specific indicator relative to its own high/low range over a user defined period of time.
Features of Stoch X
1- Displays Stoch of and indicator plus a companion indicator (companion display can be disabled from user dialog box)
Available options
Stoch Source plus PM A, where Source is close price and PMA refers to Price Distance to its Moving Average (for further details you may check my study of Price Distance to its MA by DGT, and different application of distance concept available with “MACD-X, More Than MACD" And “P-MACD”)
Stoch RSI plus RSI , Stoch RSI, developed by Tushar Chande and Stanley Kroll, is a build-in indicator available on Trading View, where Stoch X adds RSI as a companion indicator to Stoch RSI
Stoch MFI and MFI , where MFI is Money Flow Index, measures buying and selling pressure through analyzing both price and volume
Stoch OBV + VO , Where OBV is On Balance Volume, is a momentum indicator that measures positive and negative volume flow. VO stands for Volume Oscillator which aims to confirm a market turnaround or trend reversal
Stoch EWO + EWO , EWO stands for Elliott Wave Oscillator
By default the threshold levels are indicated and are displayed differently for the regular Stoch or Stoch RSI. Overbought band (70-80), oversold band (20-30) and middle line (0) are emphasized
Warning : Centered Oscillators base line is moved from 0 to 50 to better suit with Stoch X, which is applied to PMA, VO and EWO
2- Can be plotted along with Stoch in the same window using the same scaling
To avoid misinterpreting the area between Stoch X and its Signal Line is highlighted automatically in case Stoch is selected to be plotted
3- Squeeze Indicator added as Add-on in the bottom of the Stoch X
During volatile market conditions the stochastic oscillator has been known to produce false signals. One way to help with this is to take the price trend as a filter, or basic chart pattern analysis can help to identify major, underlying trends and increase the Stoch X's accuracy.
This study implements Squeeze Indicator to help and add additional insight for filtering false signals. Blue diamond shapes indicates the squeeze release, that is volatility increased and according to momentum direction the buy/sell possibility can be considered. Orange ones displays consolidation periods, that is low volatility and the market is assumed to be in squeeze and no trade is recommended. in this phase.
Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
OBV - ADX and DI+/-This is the ADX and DI+/- indicator applied to OBV!
This really clearly shows up and down, but using VOLUME! Don't ignore it, there is too much information captured in the OBV.
If you just love the ADX/DI format, it is included in a checkbox.
Want some excellent background highlighting, turn in on in a checkbox.
Shout out to some inspirations
csw-dmi
unRekt-KISS-Addie
MCDX PlusINTRODUCTION
Upgraded version of MCDX (Add Moving Average) PROTECTED VERSION
This indicator is similar to original MCDX to detect Buyer and Seller momentum based on Price and Volume to detect Buyer and Seller momentum
This indicator helps to detect “Strong Buyer Activities a.k.a Bankers” based on volume and price movement.
HOW TO USE THE INDICATOR?
There are 2 parts . BARs & Moving Average Lines
BARs
RED BAR = POSSIBILITY of BANKER VOLUME
YELLOW BAR = POSSIBILITY of HOT MONEY VOLUME
GREEN BAR = POSSIBILITY of RETAILER VOLUME
Red Bar Increase means Buyer's momentum increases.
Green Increase means Seller's momentum increases.
We focus on RED Bar to buy. i.e PREFERABLY we buy when RED bar increase.
Example:-
If Banker’s Bar (Red Bar) crosses above 5 (25%) = Banker begins to build position
If Banker’s Bar > 10 (50%) = Banker already built positions. Price will start accelerate
If Banker’s Bar > 15 (75%) = Banker in control. Price will rocket
If Green colour is Retailer (Avoid)..
MCDX Plus comes with Moving Average
DEAD CROSS (shares down)
Banker’s MA cross below Retail’s MA
Banker’s MA cross below Hot Money’s MA
Hot Money’s MA cross below Retail’s MA
GOLDEN CROSS (shares up)
Banker’s MA cross above Retail’s MA
Banker’s MA cross above Hot Money’s MA
Hot Money’s MA cross above Retail’s MA
Contact me to find out more about Turtle Trading System and indicators
On Balance Volume Flow (Expo)On Balance Volume Flow (Expo) identifies buying and selling pressure at extreme points. On Balance Volume Flow (Expo) is primarily used to identify potential turning points and areas of congestion.
Vwap can be enabled as an input source instead of using Volume.
The indicator can be used standalone or as a part of your current trading strategy.
HOW TO USE
1. Use the indicator to identify potential turning points and areas of congestion.
2. Use the indicator to get a feel of how price movements and volume are related.
INDICATOR IN ACTION
1-hour chart
Works on any market
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
jbaik OBV Total for BTCSimply added all obv for BTC from different tickers
Tickers included :
BITMEX:XBTUSD
BITFINEX:BTCUSD
COINBASE:BTCUSD
BITSTAMP:BTCUSD
KRAKEN:XBTUSD
HITBTC:BTCUSD
CEXIO:BTCUSD
BINANCE:BTCUSDT
BITTREX:BTCUSDT
BITFLYER:BTCJPY
BITHUMB:BTCKRW
KORBIT:BTCKRW
KRAKEN:XBTEUR
BITFINEX:BTCEUR
BITSTAMP:BTCEUR
COINBASE:BTCEUR
BINANCE:BTCUSDTPERP
BYBIT:BTCUSD
OKEX:BTCUSDT
CONSOL SPOT BITCOIN OBVA better OBV analysis tool hardcoded for combined Spot Bitcoin Exchange Volume.
Will dynamically change with Timeframe
Won't Dynamically change with the ticker.
Exchanges:
STAMP BTCUSD
COINBASE BTCUSD
COINBASE2 BTCEUR
COINBASE3 BTCUSDC
COINBASE4 BTCGBP
BINANCE BTCUSDT
BINANCE2 BTCUSDC
BINANCE3 BTCPAX
BITFINEX BTCUSD
KRAKEN XBTUSD
KRAKEN2 XBTEUR
Fisher Transform on OBVApplies Ehlers Fisher Transform on to OBV, with EMA as trigger line.
Useful for identifying overbought and oversold conditions.
On Balance Volume Disparity IndicatorThe On Balance Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic OBV indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the obvdi rises above its signal line and sell when it falls below the signal line.
This was a special request so let me know what other indicators you would like me to write scripts for!
Modified version of On-Balance Volume [ChuckBanger]This is a smoothed version of the classic On-Balance Volume indicator. And I added a signal line with alerts that the user can set through TradingViews alert panel to indicate long or short play. I also find that this indicator is good to do divergences analysis on the asset you want to trade.
Lancelot Volatility Volume DeltaThis indicator calculate the delta of the volatility adjusted on-balance volume.
This could be use as a filter or trigger in a system.
DMI + ADX + OBVThis trend following indicator is made up of 3 parts.
A normalized (OBV) On Balance Volume (the gray line) which ranges between -100 and 100 and has a 55 period SMA overlayed (the orange line) to give an indication of the overall trend as far as volume goes.
- If the volume decreases without a drop in price, it might indicate a move down.
- If volume increases without a rise rise in the price, it might indicate a move up.
The (DMI) Directional Movement Indicator which shows the strength of the bulls versus the bears.
- The red line measures how strongly price moves downwards.
- The green line measures how strongly price moves upwards.
One way to trade this is on crossovers e.g.when the green line crosses the red; although it's best to combine this with another indicator or pattern for confirmation.
Another useful feature of the DMI is the ability to see strength of buyers and sellers pressure at the same time, acting as a confirmation before entering a trade.
The third way to use the DMI is when price makes a new high but the green line does not. (Or the price makes a new low and the red line doesn't) This is known as divergence and should act as a warning to tighten your stops or take profits because it signals a possible change of direction.
The last part of the indicator is the (ADX) Average Directional Index
This is the blue line and shows the strength of the trend regardless of direction. This can act as a confirmation for the DMI or other indicators in your trading system.
When the blue line is:
- above the green shaded area there is an extreme trend.
- in the green shaded area there is a very strong trend.
- in the yellow shaded area there is a strong trend.
- below the yellow shaded area there is no trend.
Modified OBV w/ Divergence Detection by CryptorhythmsApirine 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!
Seperate OBV by altcoinrookieVolume based indicator.
Calculates 14 period average green and red volume bars. Makes comparison betweeen them.