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On Balance Volume locked 5min (CVI)

By Innocentius
OBV shows the cumulation of the volume bars. All the volume in a green bar gets added to the obv and all the volume in a red bar gets subtracted. At a higher timeframe this can be misleading, because it filters out a lot of volume. This indicator locks the obv at 5 minutes, giving more information about the total amount of added and subtracted volume.
Breadth IndicatorsOn Balance Volume (OBV)

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Innocentius

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