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UberTradingSystems

OBV Osc - On Balance Volume Oscillator [UTS]

UberTradingSystems  
Trend Analysis Volume Oscillators On Balance Volume (OBV) CMF trend uts
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trendanalysis volumestudies oscillator onbalancevolume cmf trend uts
The oscillator version of the well known On Balance Volume Indicator (OBV).

General Usage
Plain old OBV can be used to confirm trends, as well as spot possible trading signals due to divergences.
A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross.
snapshot

Moving Averages
4 different Moving Averages are available:
  • EMA (Exponential Moving Average)
  • SMA (Simple Moving Average)
  • VWMA (Volume Weighted Moving Average)
  • WMA (Weighted Moving Average)
Visit ubertradingsystems.com or send a direct message for information about indicator access.
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

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.

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