OPEN-SOURCE SCRIPT

TA-Money Flow-Version3

Updated

This is the MACD of a stochastic OBV movement indicator. It is good (right) to work with both price and volume. I've included highlighting based on price divergence. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), just publishing because of a request.

Enjoy.

Version 2 - TA-Money-Flow-v2-Stochastic-OBV

Release Notes

Updated to Pine Version 5
Updated to built-in obv, MACD, Stoch, and Correlation Functions

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

kocurekc

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