gb50k

Price vs Vol

Improved version of OBV/price (this one actually works)
Both lines show where price is going relative to volume metrics (one line uses OBV, the other uses accumulation/distribution ).

Green and above 50 means price is rising faster then buying volume
Red and below 50 means price is falling faster then selling volume

you can add smoothing in the controls and color will go according to raw (even if smoothing goes above/below 50)

under the hood: changes price, OBV and AD to RSI for comparability, calculates the difference between price and the others, then an RSI on the result to create an <50< style indicator.



this script replaces the previouse from:
Remove from Favorite Scripts Add to Favorite Scripts
study(title="Price vs Vol", shorttitle="Price vs Vol")
r=input(50,"rsi")

e=input(1,"ema")
src = close //ohlc4
obv = cum(change(src) > 0 ? volume : change(src) < 0 ? -volume : 0*volume)
ad = cum(close==high and close==low or high==low ? 0 : ((2*close-low-high)/(high-low))*volume)


rad=rsi(ad,r)
robv=rsi(obv,r)
rsrc=rsi(src,r)
diffobv=rsi(rsrc-robv,r)
diffad=rsi(rsrc-rad,r)
//plot(robv, color=blue, title="RSI_OBV")
//plot(rsrc, color=red, title="RSI_Price")



c1 = iff(diffobv >= 50, green, red)  // close >= open ? yellow : blue
c2 = iff(diffad >= 50, green, red)  // close >= open ? yellow : blue

plot(ema(diffobv,e), color=c1, linewidth=2, title="price-obv")
plot(ema(diffad,e), color=c2, linewidth=2, title="price-ad")
hline(50)




EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out