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...
Hello all, As my RSI divergences script became popular, I got few requests for making divergences scripts on other indicators. One of most popular and requested indicators next to RSI is OBV (on balance volume) which measures buy and sell volume based on candle close (green/red). So finally, here it is, divergences script for OBV. I'll probably also make candle...
This indicator was originally described by Joseph E. Granville in his book "Granville's New Key To Stock Market Profits" (1963).