PROTECTED SOURCE SCRIPT
Updated Welivvinnlife & ocsabi03 OBV and GNL Hybrid Oscillator
Signal Line (Blue): It gives a smoothed representation of the difference between OBV and GNL. When it moves upwards, it indicates that the recent differences between OBV and GNL are increasing, implying increased bullish momentum. When it moves downwards, it means that the differences are decreasing, suggesting increased bearish momentum.
The purple vertical lines are showing the inflection points of the blue line (if you want to see back in time use replay mode)
the green and red boxes ARE JUST VISUAL AIDS nothing else, not magic, those are the areas where a reversal can happen (not 100% of the time)
THIS IS NOT A MAGIC INDICATOR, ALWAYS USE THIS IN SOME KIND OF SYSTEM
The purple vertical lines are showing the inflection points of the blue line (if you want to see back in time use replay mode)
the green and red boxes ARE JUST VISUAL AIDS nothing else, not magic, those are the areas where a reversal can happen (not 100% of the time)
THIS IS NOT A MAGIC INDICATOR, ALWAYS USE THIS IN SOME KIND OF SYSTEM
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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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.