PROTECTED SOURCE SCRIPT

VAT[OSAMA]

1 269
indicator with simple trade triggers and close ties to on-balance volume (OBV). This new tool has gained traction since that time and is now included in many charting packages, but it will take more testing and experience to fully evaluate its potential.


The oscillator breaks up daily volume activity into positive and negative categories. It's positive when the current closing price is greater than the prior closing price and negative when it's lower than the prior closing price. The resulting curve plots through relative percentage levels that yield a series of buy and sell signals, depending on level and indicator direction.

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.