On Balance Volume + Trend + Divergences — Indicator by skyline-trader

Modification of original OBV indicator, with addition of Divergences identification & coloring OBV Line based on line (OBV either above or below EMA20 applied to OBV). Indicator works great in correlation with Volume, Stochastic and DMI and shows potential reversals earlier.

Release Notes:

Additional Information:

- OBV line is colored based on its' position in relation to EMA20 calculated from OBV - if OBV is above EMA it's colored green, if below - it's red
- EMA20 from OBV line is hidden in order to simplify reading of trend
- Added automatic divergence identification (code from PineCoders) as those are early signs of potential reversals

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Open-source script

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