OBV Divergence + — Indicator by Lij_MC

oscillator obv-plus obvoscillator divergence divergences

This study Plots Divergences for OBV along with 2 MA's

Choose between standard type of OBV and OBV Accumulation / Distribution thanks to spacetrader which seems to be a truer reading

Divergence Alerts are provided so that you dont have to stare at your screen all day

Release Notes:

Fixed a fault in the code
Adjusted line widths and colors for color changing OBV

Release Notes:

Adjusted defaults for divergences

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

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