OPEN-SOURCE SCRIPT
OBV w/BB+EMA
Updated
OBV plotted with Bollinger Bands to show whether the volume is breaking out from its normal deviation (both up or down). The OBV changes color depending on the macro trend which is set using a 100 EMA.
Release Notes
MULTIPLE EXCHANGE DATA UPDATE:- Now with the added feature of pulling data from multiple exchanges (for BTCUSD) and calculating a simple average. The following pairs used are: BITSTAMP:BTCUSD, BINANCE:BTCUSDT, COINBASE:BTCUSD, BITFINEX:BTCUSD and KRAKEN:BTCUSD. This feature is off by default
- There is also an option to disable Binance Data for the option above, as it has no data pre Aug 2017
- You can now select the timeframe you would like the OBV to be calculated with (Daily is default)
Release Notes
Alterations to the codeOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
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