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On Balance Volume (OBV)

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
Indicateur
par Trendoscope
6
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.
Indicateur
par AdonisWerther
12
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.
Indicateur
par DoctaBot
9
+ 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.
Indicateur
par ClassicScott
15
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.
Stratégie
par sonnyparlin
25
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.
Indicateur
par AdonisWerther
33
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.
Indicateur
par latticephreak
+ 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.
Indicateur
par ClassicScott
5
Forex bot full strategy with risk managementThis is a full strategy designed for forex major pairs, specially EUR/USD using 1h time frame chart. Its components are 200 EMA MACD OBV PSAR RIsk management with tp and sl movements Rules for entry For long = Previous histogram from MACD was below 0 and current one is above 0. CLose of a candle is above EMA 200 , OBV oscillator is negative and we have an uptrend from PSAR For short = Previous histogram from MACD was above 0 and current one is below 0. CLose of a candle is below EMA 200 , OBV oscillator is positive and we have an downtrend from PSAR Rules for exit For tp and sl values we calculate the distance from the close of candle until the psar values. If you have any questions, let me know !
Stratégie
par exlux
1
Advanced VolumeThis simple indicator improves upon the built in volume indicator by adding the following: -Option to use an EMA instead of SMA -Advanced Coloring: Lighter bars show growing volume, darker bars show falling volume. Gray bars show very low relative volume (less than or equal to 50% of the moving average), while bars which have a highlighted background have a high relative volume( you can choose the threshold level, default is 2 times the RVOL). Enjoy!
Indicateur
par FractalTrade_
4
Cumulative Volume OscillatorCVO: Cumulative Volume Oscillator allows you to choose between 3 types of oscillators based on volume indicators: -OBV (On Balance Volume) -CVD (Cumulative Volume Delta) -PVT (Price Volume Trend) Being a volume based oscillator this indicator allows for the detection of divergences between price action and volume, ideal for predicting reversals. As an oscillator you can choose the length of the fast & slow EMAs, and a signal line is provided for trend following.
Indicateur
par FractalTrade_
25
Trigonometric On Balance Volume (OBV) OscillatorLove volume analysis but it's hard for you to implement a simple strategy by it? Use OBV. Is OBV still not quite as it should be for you to get it in your trading system? Use OBV Oscillator. Does OBV Oscillator give you too many false signals and when you smooth it, it lags by a ton? Then this indicator is the answer to your problem. Introducing the Trigonometric OBV Oscillator. The Trigonometric OBV Oscillator or "Trig OBV" for short, uses an old, but uniquely extremely reliable mathematical formula to smooth the OBV, while eliminating more than 95% of its false signals (noises) and keeping with the real direction of the trend without introducing any lags. It is very responsive, predictive even to some degree, very reliable, and keeps you out of false trades (like false breakouts, sudden changes in the price, etc). To go long: wait until the white line crosses up the purple line and continues in that direction. To go short: wait until the white line crosses down the blue line and continues in that direction. To exit, do the opposite. Better to be used with a baseline filter such as Kaufman's moving average. Use it and let me know what you think about it.
Indicateur
par UnknownUnicorn11161970
4
OBV High / LOW (On-Balance Volume )This is a simple application of OBV indicator (On-Balance Volume ), to visually determine when a given stock current obv is near the highest or lowest based on the number of lookback bars. Indicator examples: ### OBV value is near an all-time high ## breakthrough , stock value could set new all-time highs. rejection , stock value could come down or consolidate. Example Inputs OBV High Lookback -> numbers of bars to look back for the obv high. OBV LowLookback -> numbers of bars to look back for the obv low. OBV EMA Length -> Ema length Notes: This script also comes with an ema indicator based on obv for smoothing the obv signal since it gets noise at lower timeframes (by default comes disabled) OBV information www.investopedia.com Comments: This is my first script any ideas, suggestions, or detected errors (language/script) don´t hesitate to send a message. Best regards, Mauro.
Indicateur
par MA_PT
22
On Balance Volume HLOC with AverageI am playing OBV now. The original OBV is only calculate CLOSE. I got an idea about XOBV with HLOC. A bar has 5 periods: - Open--Low--Open--Close--High--Close or - Open--High--Open--Close--Low--Close Assume that volume will evenly distributed on these 5 periods. Only Open--Close period has effective changed volume. So XOBV = OBV * abs(close-open)/(2*(high-low)-abs(close-open))) Better use XOBV and OBV both. Divergence and same price comparison are worth to watching.
Indicateur
par Jesse.Lau