Get started
dejawuhuu

OBV based Oscillator

dejawuhuu  
Oscillators Trend Analysis Volume
63
0
oscillator trendanalysis volumestudies
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,

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

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.

Want to use this script on a chart?