In this Experiment i have derived liquidity levels for OBV using jumps inside the market
A jump is classified as:
Good Jump = 1.618 times the Average ( or 2pole ButterWorth's Filter of )
Great Jump = 2 times the Average ( or 2pole ButterWorth's Filter of )
Extreme Jump = 3 times the Average ( or 2pole ButterWorth's Filter of )
So the horizontal levels which you see on the indicator (colored in red/ blue / gray lines) are the derived Liquidity Levels for OBV in the Market, these are the levels where OBV is most likely to perform a movement or come back
Also I have applied indicator on top of OBV for better Directive guidance, as of my experiments seems to be most stable and consistence of all the other moving averages,
KAMA's Length inculde:
Hope this Script help you guys!
Thanks to Tradingview for providing such an awesome platform
##Note for Credits ::
The 2 pole butterworth Filter function is derived from @cheatcountry script (https://in.tradingview.com/script/cGeKRX...)
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 a publication is governed by House Rules. You can favorite it to use it on a chart.
University of London .
Algorithmic Trading Certifications
University of Oxford, Säid Business School .
Electronics and Communications Engineer at core .
Happy to help, message me!