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On Balance Volume (with Candles)

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OBV+ is an enhanced On Balance Volume indicator that visualizes volume flow either as a line or candlestick-style OBV bars. It shows whether volume is accumulating or distributing, and includes optional moving-average smoothing and Bollinger Bands on OBV to identify trend direction, consolidation, and breakout strength.


Use-Cases

This indicator is especially useful for:

Bullish setup:
Price sideways + OBV rising → accumulation

Bearish setup:
Price rising + OBV flat/falling → distribution

Breakout confirmation:
Price breakout + OBV breaking BB → high conviction move

Options selling filter:
Flat OBV + compressed BB → range-bound market

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.