OPEN-SOURCE SCRIPT
OBV based Oscillator
Hello World,
This is my first indicator born from my trading ideas.
This is basically an OBV based Osciallator.
Here are my advices for the users,
There may be several trading strategies using this indicator. But, I prefer this risky strategy;
Happy trading,
This is my first indicator born from my trading ideas.
This is basically an OBV based Osciallator.
Here are my advices for the users,
- I generally use this indicator for day trading for 1 min and 5 min timeframes (Higher timeframes can be used)
- Use this indicator for currencies with high volume and high volatility (Take some high risks!..)
There may be several trading strategies using this indicator. But, I prefer this risky strategy;
- Enter when indicator passes OS line upwards
- Wait until indicator passes OB level
- Exit when slope of the indicator changes at the OB level
Happy trading,
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.
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.
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.