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HolRiz
Apr 10, 2018 11:28 PM

RIZ OBV with coloured CCI 

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

Description

This ones useful for spotting divergence on OBV, and also includes CCI to show overbought and oversold areas in the volume. I've coloured the OBV bar with the CCI levels. Look for divergence (best results on 5min chart I believe) with this and you can spot where to sell if a second peak is not supported by volume, also shows where the big guns are dumping lots of volume!

A volume study is always a good addition to any analysis I feel, and this is one of my day to day always on indicators.
Comments
creativejj07
It's great! I have one question for you. What does gray mean?
Somlak14
unclear fuchsia line 23
undeclared identifier line23
vaicru
Some examples please
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