PROTECTED SOURCE SCRIPT
OBV Delta Simple
Delta OBV is a variant of the classic On Balance Volume (OBV).
While OBV accumulates volume flow over time, Delta OBV measures the bar-to-bar variation of OBV, showing the net momentum of buying or selling volume pressure in each period.
🔹 Interpretation:
Positive values → volume flow associated with buying pressure
Negative values → volume flow associated with selling pressure
Magnitude reflects the intensity of volume imbalance
🔹 Common uses:
Confirm trends when price advances with Delta OBV moving in the same direction
Detect divergences between price and volume (alert for potential reversals)
Identify accumulation or distribution peaks
In summary: Delta OBV converts OBV into a dynamic oscillator, more sensitive and direct for visualizing volume pressure in the short term.
While OBV accumulates volume flow over time, Delta OBV measures the bar-to-bar variation of OBV, showing the net momentum of buying or selling volume pressure in each period.
🔹 Interpretation:
Positive values → volume flow associated with buying pressure
Negative values → volume flow associated with selling pressure
Magnitude reflects the intensity of volume imbalance
🔹 Common uses:
Confirm trends when price advances with Delta OBV moving in the same direction
Detect divergences between price and volume (alert for potential reversals)
Identify accumulation or distribution peaks
In summary: Delta OBV converts OBV into a dynamic oscillator, more sensitive and direct for visualizing volume pressure in the short term.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.