This is a novel way to look at OBV delta.
OBV baseline will oscillate between + and - (above, below 0) with consistent coloring to demonstrate bullish or bearish bias. Separate signal MA (white by default) and ATR based bands wrap OBV to provide extremities of volume delta.
In addition, background coloring available marks when OBV baseline is outside of ATR based bands, signaling above average delta.
Enjoy!
OBV baseline will oscillate between + and - (above, below 0) with consistent coloring to demonstrate bullish or bearish bias. Separate signal MA (white by default) and ATR based bands wrap OBV to provide extremities of volume delta.
In addition, background coloring available marks when OBV baseline is outside of ATR based bands, signaling above average delta.
Enjoy!
Release Notes:
1. Changed Default OBV len to 5 (from 9)
Release Notes:
1) Added MTF Ability
SignalFi is creating cutting edge TradingView scripts to help identify rogue market Alpha. Check out signalfi.net for subscription information and @signalfi_ on Twitter for updates.