OPEN-SOURCE SCRIPT
OBV EMA Cloud Final
📊 Indicator: OBV EMA Trend-Cloud (V5)
What is it?
This indicator combines the On-Balance-Volume (OBV) with an Exponential Moving Average (EMA) to visualize the "true" volume flow of an asset. it helps you identify whether money is flowing into the market (Accumulation) or out of the market (Distribution).
Core Features:
Volume-Trend Visualization: Compares the OBV directly to its own average (Standard: 21 EMA).
Dynamic Cloud: The area between the OBV and the EMA is automatically color-coded.
Green Cloud: Volume is above average – strong buy signal and trend confirmation.
Red Cloud: Volume is below average – warning signal for selling pressure or weakening trends.
Multi-Timeframe Ready: Works on all timeframes (from 1m scalping to daily investing).
Clean Design: No distracting arrows or overlays. Just pure volume data.
How to Read It:
Trend Confirmation: If the price is rising and the cloud is Green, the uptrend is healthy and backed by volume.
Divergence Warning: If the price hits a new high but the OBV line remains in the red cloud or falls below the EMA, it suggests a potential correction ("Smart Money" is exiting).
Entry Assistance: A switch from the red to the green cloud is often an earlier indicator for a breakout than price-only indicators.
What is it?
This indicator combines the On-Balance-Volume (OBV) with an Exponential Moving Average (EMA) to visualize the "true" volume flow of an asset. it helps you identify whether money is flowing into the market (Accumulation) or out of the market (Distribution).
Core Features:
Volume-Trend Visualization: Compares the OBV directly to its own average (Standard: 21 EMA).
Dynamic Cloud: The area between the OBV and the EMA is automatically color-coded.
Green Cloud: Volume is above average – strong buy signal and trend confirmation.
Red Cloud: Volume is below average – warning signal for selling pressure or weakening trends.
Multi-Timeframe Ready: Works on all timeframes (from 1m scalping to daily investing).
Clean Design: No distracting arrows or overlays. Just pure volume data.
How to Read It:
Trend Confirmation: If the price is rising and the cloud is Green, the uptrend is healthy and backed by volume.
Divergence Warning: If the price hits a new high but the OBV line remains in the red cloud or falls below the EMA, it suggests a potential correction ("Smart Money" is exiting).
Entry Assistance: A switch from the red to the green cloud is often an earlier indicator for a breakout than price-only indicators.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.