DI-OBV‴ | Divergence Indicator OBV‴ by MarceloTorres

onbalancevolume oscillator volumestudies marcelotorres tradewiserpro 4tc

What does it do?
Does the same as the ordigary OBV, but it has embeeded the 4TC indicator that provides trending channels that helps understand the strength of direction changing and divergencies with the price.

How does it work?
Works the exact same way as the ordinary OBV, but trending channels are drawn in order for you to see the OBV movement and potential reversal movements. Only 2 channels are drawn but you can activate the other 2 and also change their timeframes.
All channel directions are plotted in triangles on the top of the indicator frame which shows their direction (up or down).
The light red background shade signals that Volatility is activated and that price spread and volume are to be expected

What's my filling?
Helps confirm the volume movement and potential reversal and/or direction, as well as the divergency with price.

To have access to this indicator, please DM me.
Don't contact me in the comment area.

Release Notes:

Just some few adjustments.

Release Notes:

Now you can turn ON/OFF a MA DiOBV Line.

TRADEWISER | Marcelo Torres
marcelo@tradewiser.pro

Vídeo-Análise completa diária no YouTube:
www.youtube.com/c/TradeWiserPro

Curso/AE
www.CursoAE.TradeWiser.pro

@TradeWiserPro
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Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact MarceloTorres for more information, or follow the author's instructions below.

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Disclaimer

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Author's instructions

To have access to this indicator, please DM me. Don't contact me in the comment area.

Want to use this script on a chart?

Warning: please read before requesting access.