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INVITE-ONLY SCRIPT
Updated

Volume

923
This is an OBV (On Balance Volume) with two different moving averages on it plus a bollinger band set to OBV to find the squeeze and expansion points on OBV. As you many know, OBV is one of those indicators that can show you the volume and not only that but also the direction that volume is going.
Release Notes
Added the ability to switch usage between OBV and VSA Systems,
For the Signal type you can use one of the words : "OPEN", "CLOSE", "HIGH", "LOW", "HL2"
The "HL2" will use highest and lowest points of the Volume and not the price, remember that.
The VSA system is chosen as the default indicator for the volume because it will show more information on the volume by using candle stick patterns, the high, low, open and close values are for volume and not price.

Invite-only script

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Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.
CAB_Member
averageBreadth IndicatorsOn Balance Volume (OBV)Volume

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.
averageBreadth IndicatorsOn Balance Volume (OBV)Volume

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CAB_Member directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.
CAB_Member

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.