OPEN-SOURCE SCRIPT

On Balance Volume W Divergence

2 390
OBV With Divergence Indicator

A comprehensive On Balance Volume (OBV) indicator enhanced with divergence detection capabilities.

  1. Core Features:
    • Classic OBV calculation with volume-based price movement tracking
    • Advanced divergence detection system
    • Multiple smoothing options for OBV
    • Bollinger Bands integration
  2. Technical Components:
    • Volume-based price movement analysis
    • Pivot point detection for divergence
    • Customizable lookback periods
    • Adjustable divergence range parameters
  3. Customization Options:
    • Multiple Moving Average types (SMA, EMA, SMMA, WMA, VWMA)
    • Bollinger Bands with adjustable standard deviation
    • Divergence sensitivity settings
    • Visual customization for signals and alerts



The indicator combines traditional OBV analysis with modern divergence detection, offering traders a powerful tool for identifying potential trend reversals and market momentum shifts.


Key Parameters:
Pine Script®


Alert System:
- Bullish divergence alerts
- Bearish divergence alerts
- Customizable alert messages

Note: The indicator requires volume data to function properly and will display an error if volume data is not available.

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.