OBV - ADX and DI+/- — Indicator by kocurekc

averagedirectionalindex volumestudies onbalancevolume

This is the ADX and DI+/- indicator applied to OBV!

This really clearly shows up and down, but using VOLUME! Don't ignore it, there is too much information captured in the OBV.

If you just love the ADX/DI format, it is included in a checkbox.

Want some excellent background highlighting, turn in on in a checkbox.

Shout out to some inspirations
csw-dmi
unRekt-KISS-Addie

Release Notes:

Updated the script to Version 5, thanks to @Pratik_4Clover for the open source work.

Release Notes:

Updated Image

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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