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jatinder.sodhi

JSS: On Balance Volume

jatinder.sodhi  
On Balance Volume (OBV)
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0
onbalancevolume
//Date: 11-Oct-22
//Author: Jatinder Sodhi
OBV Indicator with colour coding.
Blue - Long
Red - Short

Best used for Intraday on 5 minute charts. Works well on other timeframes as well.

@Inspired by Asit Baran's RankDelta:OBV Indicator
//Not an exact replica as I have found one line correctly ema(obv,21)
//Whereas second line ema(obv,5) corresponds closely with Asit's indicator values but not exact.
//Advisable to use along with my RSI indicator based on Asit Baran's RankDelta:RSI indicator.


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