OPEN-SOURCE SCRIPT
[A618] Liquidity Levels Based OBV SR with KAMA

We all know OBV plays a very important role in figuring out price volume divergences and it can help anyone analyse the directivity force of the market and has a very good tradeoff if applied correctly
In this Experiment i have derived liquidity levels for OBV using volume jumps inside the market
A volume jump is classified as:
Good Volume Jump = 1.618 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
Great Volume Jump = 2 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
Extreme Volume Jump = 3 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
So the horizontal levels which you see on the indicator (colored in red/ blue / gray lines) are the derived Liquidity Levels for OBV in the Market, these are the levels where OBV is most likely to perform a movement or come back
Also I have applied KAMA indicator on top of OBV for better Directive guidance, as of my experiments KAMA seems to be most stable and consistence of all the other moving averages,
KAMA's Length inculde:
KAMA - 8
KAMA - 34
KAMA - 200
Hope this Script help you guys!
Thanks to Tradingview for providing such an awesome platform
##Note for Credits ::
The Ehlers 2 pole butterworth Filter function is derived from cheatcountry script (in.tradingview.com/script/cGeKRX1C-Ehlers-3-Pole-Butterworth-Filter-V2-CC/)
In this Experiment i have derived liquidity levels for OBV using volume jumps inside the market
A volume jump is classified as:
Good Volume Jump = 1.618 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
Great Volume Jump = 2 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
Extreme Volume Jump = 3 times the Average Volume (WMA or 2pole ButterWorth's Filter of Volume)
So the horizontal levels which you see on the indicator (colored in red/ blue / gray lines) are the derived Liquidity Levels for OBV in the Market, these are the levels where OBV is most likely to perform a movement or come back
Also I have applied KAMA indicator on top of OBV for better Directive guidance, as of my experiments KAMA seems to be most stable and consistence of all the other moving averages,
KAMA's Length inculde:
KAMA - 8
KAMA - 34
KAMA - 200
Hope this Script help you guys!
Thanks to Tradingview for providing such an awesome platform
##Note for Credits ::
The Ehlers 2 pole butterworth Filter function is derived from cheatcountry script (in.tradingview.com/script/cGeKRX1C-Ehlers-3-Pole-Butterworth-Filter-V2-CC/)
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.
For quick access on a chart, add this script to your favorites — learn more here.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
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.
For quick access on a chart, add this script to your favorites — learn more here.
Get Ocs Ai Trader, Your personal Ai Trade Assistant here
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
→ ocstrader.com
About me
AlgoTrading Certification, ( University of Oxford, Säid Business School )
PGP Research Analysis, ( NISM, SEBI )
Electronics Engineer
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.