OPEN-SOURCE SCRIPT
Smart On Balance Volume MTF
Updated
Smart On Balance Volume
And constructed this indicator to have a variation of the conventional volume, the on balance volume is an indicator that is not given much value when I think that it is a formidable underlying basis of what is happening more when some etf cannot be measured with the PVI or NVI.
The Stochastico is built with the OBV signal of 3 different time frames, as it is for daily work
Has multiple settings and signals =
Color in overbought and oversold zones
visual alerts of crossovers in overbought and oversold zones
Alerts in for TDW on overbought and oversold
Signal length for% K
Signal length for% D
Smoothing length for% K and% D
A switch is added to toggle between the 3 time frames and the main one
Switch is added so you can see the original OBV
A switch is added to change the color in the bars
If you like it and find it useful please leave the comments below
And constructed this indicator to have a variation of the conventional volume, the on balance volume is an indicator that is not given much value when I think that it is a formidable underlying basis of what is happening more when some etf cannot be measured with the PVI or NVI.
The Stochastico is built with the OBV signal of 3 different time frames, as it is for daily work
Has multiple settings and signals =
Color in overbought and oversold zones
visual alerts of crossovers in overbought and oversold zones
Alerts in for TDW on overbought and oversold
Signal length for% K
Signal length for% D
Smoothing length for% K and% D
A switch is added to toggle between the 3 time frames and the main one
Switch is added so you can see the original OBV
A switch is added to change the color in the bars
If you like it and find it useful please leave the comments below
Release Notes
Minor changes Updated chartRelease Notes
Minor changesOpen-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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