OPEN-SOURCE SCRIPT
OBV ETF ETH
This indicator is designed to analyze the on-balance volume (OBV) and rate of change (RoC) of the OBV of multiple Ethereum ETFs at once.
Key Features:
OBV Calculation: The script calculates the OBV for a selection of Ethereum ETFs listed on the exchange. OBV is a cumulative indicator that adds volume on up days and subtracts it on down days, providing a measure of the cumulative buying and selling pressure.
Rate of Change (RoC) of OBV: It also calculates the rate of change of the OBV, which can help identify momentum and potential trend reversals.
Smoothing: The script includes exponential moving averages (EMAs) for both the OBV and its rate of change, which can help smooth out short-term fluctuations and highlight longer-term trends.
Customizable Settings: Users can adjust the smoothing lengths for both the OBV and its rate of change, as well as the length of the rate of change calculation.
Display Options: The script offers the option to display either the raw OBV, its rate of change, or both, with the ability to toggle their visibility.
OBV
RoC OBV
Key Features:
OBV Calculation: The script calculates the OBV for a selection of Ethereum ETFs listed on the exchange. OBV is a cumulative indicator that adds volume on up days and subtracts it on down days, providing a measure of the cumulative buying and selling pressure.
Rate of Change (RoC) of OBV: It also calculates the rate of change of the OBV, which can help identify momentum and potential trend reversals.
Smoothing: The script includes exponential moving averages (EMAs) for both the OBV and its rate of change, which can help smooth out short-term fluctuations and highlight longer-term trends.
Customizable Settings: Users can adjust the smoothing lengths for both the OBV and its rate of change, as well as the length of the rate of change calculation.
Display Options: The script offers the option to display either the raw OBV, its rate of change, or both, with the ability to toggle their visibility.
OBV
RoC OBV
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
🔍 Access Investing Strategies & Indicators
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
🔍 Access Investing Strategies & Indicators
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
📊 whop.com/marktquant
🌐 marktquant.com
Nothing shared on this page constitutes financial advice. All information, tools, and analyses are provided solely for informational and educational purposes.
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.