OBV+EMA HistogramHistogram of the difference between On Balance Volume and an EMA of the On Balance Volume (OBV + EMA).
Using a 55 EMA, on the daily timeframe of BTC, bull/bear trends occur when the histogram is above/below the zero line respectively.
Divergences also have a notable effect.
-- Added alert conditions when OBV crosses EMA to signal a possible trend change, for bullish and bearish cases.
Balance de volúmenes (OBV)
Hotch DMI+OBV+RSI ConfluenceThis Indicator uses the Relative Strength Index, On Balance Volume, and ADX to identify viable trading trends.
A quick description of what is on display:
1.) Green Triangle = OBV crossing over OBV MA
2.)Red Triangle = OBV Crossing under OBV SMA
3.) The background coloring between the RSI Oversold and Overbought Values has multiple conditions.
----It is green when the DI+ > DI-
----It is purple when the DI+ < DI-
----the brightness represents the ADX value. Darker areas(or more transparent) show a weak ADX value(4). Brighter (or less transparent) show a stronger ADX value(3)
5.) RSI and RSI moving average, including a divergence indicator.
6.) A histogram representing the normalized value of OBV-OBVMA to show changes in value while remaining readably in range on the chart with other indicators.
In the included chart screen shot is an example of an applicable strategy. This example is no guaranteed success and is also not the only strategy applicable to the indicator.
Aggregated On Balance Volume - InFinitoOn Balance Volume calculated with aggregated and normalized volume data and a few other features:
Aggregation code originally from Crypt0rus
Candle Plotting code from LonesomeTheBlue
***The indicator can be used for any coin/symbol to aggregate volume, but it has to be set up manually***
As normal OBV, this indicator can be used to find divergences and to have an idea of volume flow. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures, Perpetuals, Futures+Perpetuals and All Volume).
As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin.
Extra features:
- Based off LonesomeTheBlue, OBV can be plotted as candles and as Heiken Aishi candles (which give wick information)
- A Moving Average (SMA, EMA, WMA, RMA, VWMA) can be plotted to the OBV. This can be used as a confluent signal to enter a trade on a crossover or to know the strength of the current move.
- The OBV basis can be reset to 0 periodically, making it more oscillator-like and allowing to focus only on a certain period of time.
On Balance Volume wi Normalization (OSC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it
(1) Indicator introduction
This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI
This indicator is plotted on the Normalized OBV and can display the divergence locations and corresponding divergence intensity
The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number"
Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence
Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored
In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence
In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline
In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline
(2) Parameter introduction
- Normalized On Balance Volume
MA Type: Type of moving average for calculating the normalized OBV, default is SMA
MA Period: Period of moving average of normalized OBV, which is SMA14 by default
NOBV Sigma: Upper and lower range of normalized OBV
- Normalized On Balance Volume Divergence
Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right
Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left
Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point
Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point
Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators
Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence
Plot Bullish: Whether to draw regular bullish divergence label
Plot Hidden Bullish: Whether to draw hidden bullish divergence label
Plot Bearish: Whether to draw regular bearish divergence label
Plot Hidden Bearish: Whether to draw hidden bearish divergence label
Happy trading and enjoy your life!
————————————————————————————————————————
各位朋友大家好,很抱歉之前的开源版本因为规则原因被隐藏,我已经重新编辑了说明并重新发布
(1) 指标说明
该指标是 OBV 的归一化版本,永不钝化,背离准确率高于 RSI
该指标绘制于 归一化OBV 上,并在对应位置显示背离点以及背离程度
支持顶底位置 N 根K线的容差,由 Tolerant Kline Number 参数设置
支持背离强度的显示,即标签上显示的 REG/HID 值,该值小于 0,且越小说明背离程度越大
支持背离强度的过滤,由 Cov Threshold 参数设置, REG/HID 值大于这个值的背离会被忽略
标签中,REG 表示常规顶/低背离,而 HID 表示隐藏顶/底背离
标签中,SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离
标签中,OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离
(2) 参数说明
- Normalized On Balance Volume
MA Type: 计算归一化 OBV 的移动平均的类型,默认为 SMA
MA Period: 计算归一化 OBV 的移动平均的周期,默认为 SMA14
NOBV Sigma: 归一化 OBV 的过滤区间
- Normalized On Balance Volume Divergence
Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量
Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量
Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量
Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量
Tolerant Kline Number: K线和指标的顶/底点索引的最大误差
Cov Threshold: 背离程度,该值小于 0,且越小说明背离程度越大
Plot Bullish: 是否绘制常规底背离提示
Plot Hidden Bullish: 是否绘制隐藏底背离提示
Plot Bearish: 是否绘制常规顶背离提示
Plot Hidden Bearish: 是否绘制隐藏顶背离提示
祝大家交易愉快
On Balance Volume wi Normalization (SRC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it
(1) Indicator introduction
This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI
This indicator is plotted on the klines and can display the divergence locations and corresponding divergence intensity
The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number"
Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence
Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored
In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence
In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline
In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline
(2) Parameter introduction
- Normalized On Balance Volume
MA Type: Type of moving average for calculating the normalized OBV, default is SMA
MA Period: Period of moving average of normalized OBV, which is SMA14 by default
NOBV Sigma: Upper and lower range of normalized OBV, but the function is reserved
- Normalized On Balance Volume Divergence
Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right
Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left
Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point
Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point
Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators
Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence
Plot Bullish: Whether to draw regular bullish divergence label
Plot Hidden Bullish: Whether to draw hidden bullish divergence label
Plot Bearish: Whether to draw regular bearish divergence label
Plot Hidden Bearish: Whether to draw hidden bearish divergence label
Happy trading and enjoy your life!
————————————————————————————————————————
各位朋友大家好,很抱歉之前的开源版本因为规则原因被隐藏,我已经重新编辑了说明并重新发布
(1) 指标说明
该指标是 OBV 的归一化版本,永不钝化,背离准确率高于 RSI
该指标绘制于 K线 上,并在对应位置显示背离点以及背离程度
支持顶底位置 N 根K线的容差,由 Tolerant Kline Number 参数设置
支持背离强度的显示,即标签上显示的 REG/HID 值,该值小于 0,且越小说明背离程度越大
支持背离强度的过滤,由 Cov Threshold 参数设置, REG/HID 值大于这个值的背离会被忽略
标签中,REG 表示常规顶/低背离,而 HID 表示隐藏顶/底背离
标签中,SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离
标签中,OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离
(2) 参数说明
- Normalized On Balance Volume
MA Type: 计算归一化 OBV 的移动平均的类型,默认为 SMA
MA Period: 计算归一化 OBV 的移动平均的周期,默认为 SMA14
NOBV Sigma: 归一化 OBV 的过滤区间,其功能暂时保留
- Normalized On Balance Volume Divergence
Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量
Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量
Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量
Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量
Tolerant Kline Number: K线和指标的顶/底点索引的最大误差
Cov Threshold: 背离程度,该值小于 0,且越小说明背离程度越大
Plot Bullish: 是否绘制常规底背离提示
Plot Hidden Bullish: 是否绘制隐藏底背离提示
Plot Bearish: 是否绘制常规顶背离提示
Plot Hidden Bearish: 是否绘制隐藏顶背离提示
祝大家交易愉快
OBV Oscillator [LazyBear]- with some MAsThis indicator in modified OBV written by @LazyBear
I just added the 2 different Bollinger Bands and 2 different moving averages to the OBV version of LazyBear.
OBV line green -> OBV above zero
OBV line red -> OBV under zero
green background line -> OBV crossover 1st Moving Average
red background line -> OBV crossunder 1st Moving Average
blue '◆' -> OBV crossover 2nd Moving Average
yellow '◆' -> OBV crosunder 2nd Moving Average
blue '+' -> 1st Moving Average crossUNDER 2nd Moving Average
red '+' -> 1st Moving Average crossOVER 2nd Moving Average
BankNifty - OBVThis script tries to draw OBV for BankNifty using Futures Volume along with Average OBV. For Nifty50 just change the Futures Volume symbol in settings. Look at devations in Price vs OBV or Average OBV breakout.
NSE:NIFTY
NSE:BANKNIFTY
Intrabar OBV/PVTI got this idea from @fikira's script Intrabar-Price-Volume-Change-experimental
The indicator calculates OBV and PVT based on ticks. Since, the indicator relies on live ticks, it only starts execution after it is put on the charts. The script can be useful in analysing intraday buy and sell pressure. Details are color coded based on the values.
Data is presented in simple tabular format.
Formula for OBV and PVT can be found here:
www.investopedia.com
www.investopedia.com
Goethe A - Multiple Leading Indicator PackageGoethe A is an Indicator Package that contains multiple leading and lagging indicators.
The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used.
What are those circles?
-These are OBV (or VPT, can be set in the options) Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What this middle line?
-The middle line is calculated by a smoothed Heikin-Ashi indicator. I can be used as a dynamic zone of support and resistance. Many times this indicator is used as entry signal giver in trend following strategies.
What are those background lines?
-The background contains a simple Daily Pivots indicator. This indicator can be read as zones of Support and Resistance that updated based on the used timeframe.
What is this smaller thin grey line?
-This is a very simple Stoploss indicator based on Donchian Channels. The trade direction is based and calculated by the local trend (background color)
What are those small orange or aqua triangles?
- These are Pivots . They show when the OBV or wolfpack oscillators (or a double confirmation of both) might reverse, this is important to know because many times the price action follows this move.
What are those purple triangles?
- These are Pivots . They show when the PVT oscillator might reverse, this is important to know because many times the price action follows this move.
What are those big orange or aqua triangles?
- These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator treshold and in conjunction with the overall local trend (background color).
What are those white squares?
- These are Overbought or Oversold regions of the build-in RSI bands indicator. Every time the price crosses one of the RSI bands those squares are printed. Most of the time this happens after a move and indicates that this strong move has come to an end.
Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
OBV+OBV with an extra twist.
Add up to 4 moving averages and choose from simple, exponential, smoothed, etc.
Choose to display a trend fill. Fill will be green when above the MA4 or red when below it. If the difference between the MA1 and MA4 is growing, the trend fill will be a more solid color indicating a strengthening trend. If the gap is lessening, it will gradually get more transparent indicating a weakening trend.
Finally, options to display bullish and bearish regular and hidden divergences are included.
On Balance Volume with candlesWhen it comes with On balance volume we have only line Indicator
It's difficult to identify what happening
So this indicator will help to identify what happening in On Balance Volume with Candle stick pattern
You can add SMA as well as EMA in code accourding to your strategy
Thank you
Position size FX and CryptoThis indicator I am using to calculate the position size to order for Forex and Crypto Future
Stochastic Spread AnalyzerA comparative version of the previously published Stochastic Structure Analyzer. It incorporates the 3-TF stochastics against both price and OBV values of the spread.
+ Breadth & Volumenote* If you've used my "+ Rate of Change Indicator", I am updating that without the OBV, which has been moved here. Just an FYI.
This "indicator" is basically a variety of indicators that measure volume, or accumulation/distribution. There's a bit of a story about how this came about but
it's not that interesting, so I'll spare you.
Indicators from which you may choose here are On Balance Volume (OBV), Money Flow Index (MFI), Chaikin Money Flow (CMF), Chaikin Oscillator, and Positive & Negative Net Volume.
I'll give a brief overview of these below, and if you want to educate yourself further on them you may. There are many web resources for that.
Most people are probably familiar with OBV. It's one of the more commonly used volume indicators, especially in the crypto crowd (at least amongst those traders I follow). It's basically a cumulative (doesn't oscillate around a midpoint) momentum indicator that measures volume of the current period versus volume of the previous period and adds it if price closed higher, but subtracts it if price closes lower. It's another way of using volume to confirm trend.
The MFI is a momentum indicator that measures the flow of money into and out of an asset over some period of time (user input). It's calculated using the RSI, so it can be used similarly to RSI (divergences, overbought, oversold, etc.), but of course unlike the RSI it's calculated primarily using volume and comparing the most recent candle close to the previous one (similar to OBV).
CMF is a volume-weighted average of accumulation and distribution over a some period of time (typically 21). It's a way of measuring accumulation versus
distribution in an asset, and oscillates around a zero line. You would use it similarly to any other oscillator, in that you can look for divergences, and general positive or negative momentum.
Chaikin Oscillator is basically a MACD (without signal line) of the accumulation and distribution index (or line--which is somehow different than simply accumulation and distribution). I haven't looked into these differences deeply, but if you look below at the calculations, and substituted 'ad' for 'accdist' you get very different readings. I actually did that, and what it looks like it would do is turn the actual Oscillator into a MACD signal line. So, by substituting 'ad' for 'accdist' (or the accumulation/distribution index) you produce a signal line of the Chaikin Oscillator.
Anyway, all that confusion out of the way, as I said, it's a MACD on the accumulation and distribution index, therefore it is another zero line oscillator, and similarly to CMF, it's a way of measuring price movements in the chart versus a/d. The zero line isn't just any old zero line, however, it is actually the accumulation distribution line. I've made an OBV version of this by substituting the OBV for AD, so if you prefer OBV maybe you will like that.
Pos. & Neg Net Volume is actually an indicator I had seen made by RafaelZioni. It basically takes net volume, calculates a cumulative of that, then subtracts a moving average of some period from the cumulative net volume in order to create a volume oscillator. Use it like the other oscillators!
Added Donchian Channels, moving averages, Bollinger Bands, colored everything, and alerts.
Enjoy!
Below I will post images with the different indicators, everything on default settings (except for lookback period, which I have adjusted to my personal preferences).
Above is an image with the MFI being compared to the RSI since they are very similar (MFI being basically a volume derivative of the RSI).
Chaikin Money Flow set to lookback of 13. You could probably extend that a bit if you wanted to smooth the line more.
Chaikin Oscillator and Chaikin Oscillator of OBV, with a zoomed in look below, to see the differences more clearly.
CO and COBV closer look.
Positive & Negative Net Volume.
On Balance Volume EMA TrendI have just taken the On Balance Volume and added an EMA with a little color to visualize the current trend.
OBV MA StrategyThe On Balance Volume + Moving Average Strategy
Parameters: 1H candles, ETHUSDT on BINANCEUS, commission percent uses Binance's maker/taker fees of 0.075%
Strategy: I create a 30 day moving average of the On Balance Volume "obvSma = ta.sma(ta.obv, 30)." Then I use the following buy conditions:
OBV crosses above the OBV moving average
The obv drops x% below the OBV moving average (buy a dip)
The OBV moving average is rising, the OBV is greater than the OBV moving average and the OBV is rising
The first buy condition is attempting to buy into an uptrend. When the OBV rises above the OBV moving average, people are buying and it's a good time to enter the trade.
The idea behind the second buy condition is to buy a dip so make sure you are careful to not set it too shallow or you'll end up buying the dip before the dip before the dip. :) I recommend 10% or more.
The third buy condition is there in case our trailing stop takes us out of a trade but the trend is still rising, we don't want to miss out on that profit so if the OBV is above the OBV moving average, the average is rising and the OBV is rising, we are likely in the middle of an uptrend and we should buy in.
CDC DivergencesA handy little indicator to help identify different kinds of convergences/divergences
The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible.
The divergences are shown with labels, user can change the momentum/volume indicator used to identify divergences in the settings.
OBV RSI TunTuneCombination of OBV and RSI.
Use as RSI like normal way. You can add another indicator as Bollinger Band for more power .
On Balance VolumeEnhanced the original OBV (On Balance Volume) indicator:
- Draw max lines of OBV in the last 30 candles so that we can notice the trend, as well as divergences easier.
- If you use fiat as base currency (USDT in cryptocurrency for example), we can display the OBV in fiat, so that we can compare total trading volume across a list of symbols to find healthy symbols to trade easier.
On-Balance Volume Oscillator with Divergence and PivotsThis is On-Balance Volume recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts.
On-Balance Volume, or OBV is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the OBV oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, general Trendlines, Fib Retracements etc...Your chart is approaching a very important Resistance Trendline but the OBV shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed though and becomes Support in the future.
What are those circles?
-These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are those triangles?
- These are Pivots. They show when the OBV oscillator might reverse, this is important to know because many times the price action follows this move.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
OBV + Simple Moving AverageThird time is a charm. On Balance Volume with simple moving average. Hopefully we don't get this kicked back to us.
On Balance Volume - Color Packed Patch'emOBV is provided as a built-in by TradingView.
This contribution grew out of reading about trend discovery, and since the library kept on this end was lacking in a volume-centric indicator, it looked like a good time to play around.
This approach isn't all that much different than many others with the possible exception of its color scheme.
Should you decide to use the script, it might be worth your while to work with the logic of color and line, to produce alerts.
Enjoy.
+ Rate of Change (and OBV)The Rate of Change, or RoC, is a momentum indicator that measures the percentage change in price between the current period and the price n periods ago. It oscillates above and below a zeroline, basically showing positive or negative momentum. I applied the OBV's calculation to it, but without the inclusion of volume (also added a lookback period) to see what would happen.
Actually what happened was I was looking at hot-rodding the OBV indicator, but then wondered if I could apply the cumulative calculation to another indicator to see what would happen. Not sure why I chose the Rate of Change, but it seemed a neat idea. And it worked! And so I called it the "Cumulative Rate of Change." I only recently realized that this is actually just the OBV without volume, HOWEVER the OBV does not have a lookback period, and its source is the close of each period. Basically, when you look at the calculation for the OBV you'll notice that it's a cumulative measure of the "change" of the closing price against the previous close times the volume. The Rate of Change is basically that measurement over more than one period, excluding the volume, and is not cumulative. Thus the "Cumulative Rate of Change" is basically an OBV without the volume but with the capability to adjust the lookback period.
Anyway, after days and weeks of playing with the indicator pretty infrequently I did decide that I actually really liked it, especially with the addition of moving averages and bollinger bands. So I decided to play with it a bit more.
I added a drop-down menu to include the standard Rate of Change indicator, and then thought I may as well add the OBV too, in case someone might like to compare that to the C-RoC, or just wants an OBV with myriad moving averages and bollinger bands.
By default I have the indicator set to the "C-RoC" and the lookback is set to 1, but play with longer settings (this is pretty much necessary if using the traditional RoC, which is by default set to 10 in TradingView, and is nigh on useless at 1).
I also recommend playing with the source. 'Close' is nice, but 'ohlc4' provides some very nice signals as well, as it follows the price flow for each period completely, filtering the noisiness of 'close' as source.
Hope you guys like this. With the bollinger bands and your preferred moving average settings this can be a powerful tool for re-entering trades in trend, taking profits, determining momentum swings.