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SBOD Trend by readCrypto

WHY A NEW VERSION
The original SBOD ("OBV by readCrypto") shows BSSC, OBV and StochRSI as separate plots in one pane. Each is useful on its own, but reading them together has limits:
- The three often disagree, and the chart does not tell you which one to follow.
- Some readings depend on direction (rising / falling), so they flip on small moves and make it hard to tell a trend from noise.
- Overbought / oversold can only be judged on StochRSI, which reflects price momentum alone and ignores volume flow.
SBOD Trend keeps the same three calculations and combines them into one reading: is the market in an uptrend or a downtrend, how strong is it, and is it stretched far enough that a reversal becomes more likely.

WHAT IT CALCULATES
The three components use the same formulas as the original SBOD:
- BSSC: a combined score of MFI, Accumulation/Distribution and Williams %R (-6 to +6)
- OBV: On-Balance Volume based on OHLC4, compared with its EMA(18) and its 18-bar high-low band
- StochRSI: RSI(14) of OHLC4 -> Stochastic(7) -> K(3), D(3) -> (K + D) / 2

1. Trend histogram
Each component casts one vote. The votes are based on position, not direction, so short pullbacks do not flip them:
- BSSC: score above 0 = up, below 0 = down
- OBV: above its EMA(18) = up, below = down
- StochRSI: above 50 = up, below 50 = down
The sum of the votes is shown as columns:
- +3 (dark green): strong uptrend, all three agree
- +1 (light green): uptrend, two of three agree
- -1 (light red): downtrend, two of three agree
- -3 (dark red): strong downtrend, all three agree

2. Strength line (-100 to +100)
Each component is scaled to the same -1 to +1 range and the three are averaged:
- BSSC / 50
- OBV position inside its 18-bar high-low band
- (StochRSI - 50) / 50
The histogram shows the side of the trend; the strength line shows how much force is behind it.

3. Overbought / oversold zones
Similar to the 80 / 20 levels of StochRSI, but measured on the combined strength line, so price momentum and volume flow must both be extended before a zone is reached.
- Overbought: strength at or above +60 (orange zone, the line turns orange)
- Oversold: strength at or below -60 (blue zone, the line turns blue)

HOW TO READ IT
- Trend: follow the histogram color. Dark colors mean all three components agree.
- Momentum: watch the strength line within the trend. A rising line means the trend is strengthening; a falling line while the histogram keeps its color means it is losing force.
- Exhaustion: when the strength line reaches the orange zone in an uptrend and then turns down, the move may be ending. The same applies to a downtrend in the blue zone.
- Trend change: a change of trend is confirmed when the histogram itself changes from green to red, or from red to green.
In strong trends the strength line can stay inside a zone for a long time. A zone is a warning to watch for a reversal, not a signal on its own.

SETTINGS
- Volume source: Auto uses real volume when the symbol has it, and the high-low range for symbols without volume (such as indices). Real volume or Range can also be selected.
- Show strength line: on / off
- Overbought / Oversold levels: default +60 / -60

NOTES
- All values are calculated on the chart timeframe.
- On symbols without volume, the OBV, MFI and A/D components use the high-low range as a substitute, so the reading is an approximation.
- The histogram and strength line of the current bar can change until the bar closes.
- This indicator is a tool for chart analysis and is not financial advice.

开源脚本

秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。

readCrypto

[Practical trading strategy using HA-MS and SBOD]
youtu.be/aceN1AttX1Y

免责声明

这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。

开源脚本

readCrypto

[Practical trading strategy using HA-MS and SBOD]
youtu.be/aceN1AttX1Y