QuantNomad

QuantNomad - On Balance Volume Oscillator

Created an oscillator from OBV - On Balance Volume . This way I think it is more responsive.
I just took OBV over a period and divided it by the total volume for the same period. So now it's an oscillator from -1 to 1.
You can also add EMA to this script.
Any feedback will be appreciated.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Comments

The zero line cross looks like a winner in your script. Thanks
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Cool !
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