OPEN-SOURCE SCRIPT

On Balance Volume EMA Trend

Updated

I have just taken the On Balance Volume and added an EMA with a little color to visualize the current trend.

Release Notes

I have added alert conditions for when the OBV crosses above and below the EMA. I have also added the option to use realtime data for these alert conditions. If you wish to use only confirmed data then you need to uncheck this option and the alert will only be able to trigger when the current candle closes.

Open-source script

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 publication is governed by House rules. You can favorite it to use it on a chart.

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