OPEN-SOURCE SCRIPT
Updated OBV and OBV SMA comparison
Compare OBV and OBV SMA relative strength
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Key Points in this study:
Default SMA34
In Daily down trend or consolidation in uptrend
1. if OBV crosses above OBV SMA34, Long entry
2. OBV breakout to new high, Long entry
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Key Points in this study:
Default SMA34
In Daily down trend or consolidation in uptrend
1. if OBV crosses above OBV SMA34, Long entry
2. OBV breakout to new high, Long entry
Release Notes
Update scripts with OBV Long Strategy - Daily ChartOBV shows Gray by default
OBV shows green line, Long in this study:
1. OBV > OBV34, and OBV34 > OBV55, and Price > SMA13
or
2. OBV > OBV55, and OBV55 > OBV34, and Price> SMA13
or
3. OBV > OBV34, and current color is green
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.