OPEN-SOURCE SCRIPT
TA-Money Flow-Version4
Updated for TV-Pine V4
This is the MACD of a stochastic OBV movement indicator and now the MACD of the Squeeze Momentum Indicator. It is good (right) to work with both price and volume...it is also good to utilize the most popular indicator ever in TV (Lazybear).
I've included highlighting based on price divergence, yellow is divergence of either OBV or SQZ, red is both divergence, and then I've also built in the "squeeze on - blue" highlighting to show follow through of divergence. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), Squeeze is Lazybear, links below.
Enjoy.
Version 4:
Updated OBV equation because TV-Pine V3 broke in V4
Included MACD of Squeeze for histogram
Included "squeeze on" highlighting
TA-Money-Flow-Version3
TA-Money-Flow-Version2
Squeeze-Momentum-Indicator-LazyBear
This is the MACD of a stochastic OBV movement indicator and now the MACD of the Squeeze Momentum Indicator. It is good (right) to work with both price and volume...it is also good to utilize the most popular indicator ever in TV (Lazybear).
I've included highlighting based on price divergence, yellow is divergence of either OBV or SQZ, red is both divergence, and then I've also built in the "squeeze on - blue" highlighting to show follow through of divergence. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), Squeeze is Lazybear, links below.
Enjoy.
Version 4:
Updated OBV equation because TV-Pine V3 broke in V4
Included MACD of Squeeze for histogram
Included "squeeze on" highlighting
TA-Money-Flow-Version3
TA-Money-Flow-Version2
Squeeze-Momentum-Indicator-LazyBear
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.