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On Balance Volume (OBV)

Combined and Count of Bull Bear Alerts for OBV, TDI, CCI, MACDCombined and Count of Bull Bear Alerts for OBV, TDI, CCI, MACD Description This powerful indicator combines four popular technical analysis tools (On-Balance Volume, Traders Dynamic Index, Commodity Channel Index, and MACD) into a single comprehensive divergence detection system. It monitors all four indicators simultaneously and provides real-time alerts when bullish or bearish divergences occur across multiple indicators, helping traders identify high-probability reversal opportunities. Key Features Multi-Indicator Divergence Detection: Simultaneously tracks divergences in OBV, TDI, CCI, and MACD Comprehensive Signal Counting: Displays real-time count of bullish (1-4) and bearish (1-4) divergences Four Customizable Alert Conditions: Alert 1: 1-4 indicators showing bullish divergence Alert 2: 3-4 indicators showing strong bullish divergence Alert 3: 1-2 indicators showing bearish divergence Alert 4: 3-4 indicators showing strong bearish divergence Visual Signal Display: Clear numerical indicators showing how many tools are signaling divergence Customizable Parameters: Adjustable settings for each indicator's sensitivity and display preferences Overlay Display: All signals shown directly on the price chart for easy analysis How It Works The indicator continuously monitors each technical tool for both regular and hidden divergences using pivot point analysis. When a divergence pattern is detected, it increments the appropriate counter (bullish or bearish). The system then displays the total count as colored numbers on the chart and can trigger alerts based on your preferred signal strength thresholds. Trading Applications Strong Reversal Signals: Look for 3-4 indicator confirmations for high-probability trades Early Trend Detection: Use 1-2 indicator signals for early entry opportunities Confirmation Tool: Validate your trading signals with multi-indicator divergence confirmation Risk Management: Avoid trading against multiple indicator divergences Customization Options Adjustable lookback periods for each indicator Toggle visibility of bullish/bearish counters Customizable colors, positions, and display styles Option to show individual indicator signals Configurable divergence detection parameters This indicator is particularly valuable for traders who want to combine multiple technical analysis approaches into a single, easy-to-monitor system that highlights confluence opportunities across different market perspectives (volume, momentum, cycle, and trend).
Pine Script® indicator
by Dooogiig
HDJ Multi-Divergence Trend Indicator(MACD/RSI/OBV/VOL)HDJ Indicator is named after the initials of the Chinese name of its author. The HDJ Indicator features powerful automatic detection of multi-indicator divergences (MACD/RSI/OBV/VOL) and includes multi-timeframe resonance recognition for identifying bullish and bearish trends. The HDJ Indicator’s view consists of three main lines: · Price Line (Closing Price, Green/Red) · VWAP Line (Yellow) · EMA200 Line (Blue) The RSI value is displayed in real-time at the top-right corner of the indicator’s view. Usage Guide : 1. Bottom Divergence / Top Divergence Bottom Divergence Signal : Typically appears below the Price Line (Closing Price, Red), marked with a triangle symbol (△) and the name of the diverging indicator (in Green). The △ symbol corresponds to the candlestick’s position. Top Divergence Signal : Typically appears above the Price Line (Closing Price, Green), marked with a triangle symbol (△) and the name of the diverging indicator (in Red). The △ symbol corresponds to the candlestick’s position. Note: A divergence signal will only be displayed if two or more indicators show divergence simultaneously. Single-indicator divergences will not trigger a marker. 2. Bull / Bear Trend Bull Trend : When the MACD Line and Signal Line of the MACD indicator are above the zero line on the 1-minute, 5-minute, 15-minute, and 1-hour timeframes, and the current timeframe’s MACD Line crosses above the Signal Line (while also above the zero line), and the current closing price is above both VWAP and EMA200, a "×" symbol with a green "Bull Trend" label will appear. The × symbol corresponds to the candlestick’s position. Bear Trend : When the MACD Line and Signal Line of the MACD indicator are below the zero line on the 1-minute, 5-minute, 15-minute, and 1-hour timeframes, and the current timeframe’s MACD Line crosses below the Signal Line (while also below the zero line), and the current closing price is below both VWAP and EMA200, a "×" symbol with a red "Bear Trend" label will appear. The × symbol corresponds to the candlestick’s position. 3. RSI · RSI < 30: Displayed in Red. · RSI ≥ 30: Displayed in Green. 中文版： HDJ指标采用了编写该指标的本作者的中文名字首字母为命名，HDJ指标有着强大的自动识别多重指标背离的功能(MACD/RSI/OBV/VOL)，同时还带了多周期共振识别看涨、看跌趋势的功能。HDJ指标视图中主要由3条线组成, 分别是 价格线(收盘价， 绿色/红色)、VWAP线(黄色)、EMA200线(蓝色), 指标视图右上角实时显示的是RSI指标值。 使用方法： 1. 底背离 / 顶背离 - 底背离信号: 一般出现在 价格线(收盘价, 红色) 的下方， 三角形符号(△)+背离的指标名称作标记(绿色), △符号对应的是K线的坐标。 - 顶背离信号: 一般出现在 价格线(收盘价, 绿色) 的上方， 三角形符号(△)+背离的指标名称作标记(红色), △符号对应的是K线的坐标。 * 注意：单个指标背离不会被触发背离标记符号显示，仅显示两个指标以上的同时背离信号标记。 2. Bull / Bear 趋势 - Bull Trend：当 1分钟、5分钟、15分钟、1小时视图MACD指标的MACD线、Single线都在0轴上方时，并且HDJ指标所在当前周期MACD指标的MACD线上穿了Single线, 同时也在MACD指标0轴上方和当前周期的价格(收盘价)大于VWAP、EMA200, 此时会显示×符号带"Bull Trend"绿色标签的信号标记，×符号对应的是K线的坐标。 - Bear Trend: 当 1分钟、5分钟、15分钟、1小时视图MACD指标的MACD线、Single线都在0轴下方时，并且HDJ指标所在当前周期MACD指标的MACD线下穿了Single线, 同时也在MACD指标0轴下方和当前周期的价格(收盘价)小于VWAP、EMA200, 此时会显示×符号带"Bear Trend"红色标签的信号标记，×符号对应的是K线的坐标。 3. RSI - RSI值 < 30 时显示红色，RSI值 >= 30 时显示绿色。
Pine Script® indicator
by dejan_he
OBV TSI IndicatorThe OBV TSI Indicator combines two powerful technical analysis tools: the On-Balance Volume (OBV) and the True Strength Index (TSI). This hybrid approach provides insights into both volume dynamics and momentum, helping traders identify potential trend reversals, breakouts, or continuations with greater accuracy. The OBV TSI Indicator tracks cumulative volume shifts via OBV and integrates the TSI for momentum analysis. It offers customizable moving average options for further smoothing. Visual trendlines, pivot points, and signal markers enhance clarity. The OBV tracks volume flow by summing volumes based on price changes. Positive volume is added when prices rise, and negative volume is subtracted when prices fall. The result is smoothed to detect meaningful trends in volume. A volume spread is derived from the difference between the smoothed OBV and cumulative volume. This is then adjusted by the price deviation to generate the shadow spread, which highlights critical volume-driven price levels. The shadow spread is added to either the high or low price, depending on its sign, producing a refined OBV output. This serves as the main source for the subsequent TSI calculation. The TSI is a momentum oscillator calculated using double-smoothed price changes. It provides an accurate measure of trend strength and direction. Various moving average options, such as EMA, DEMA, or TEMA, are applied to the smoothed OBV for additional trend filtering. Users can select their preferred type and length to suit their trading strategy. Trendlines are plotted to visualize the overall direction. When a significant change in trend is detected, up or down arrows indicate potential buy or sell signals. The script identifies key pivot points based on the highest and lowest levels within a defined period. These pivots help pinpoint reversal zones. The indicator offers customization options, allowing users to adjust the OBV length for smoothing, choose from various moving average types, and fine-tune the short, long, and signal periods for TSI. Additionally, users can toggle visibility for trendlines, signals, and pivots to suit their preferences. This indicator is ideal for practical use cases such as spotting potential trend reversals by observing TSI crossovers and pivot levels, anticipating breakouts from key price levels using the shadow spread, and validating trends by aligning TSI signals with OBV and moving averages. The OBV TSI Indicator is a versatile tool designed to enhance decision-making in trading by combining volume and momentum analysis. Its flexibility and visual aids make it suitable for traders of all experience levels. By leveraging its insights, you can confidently navigate market trends and improve your trading outcomes.
Pine Script® indicator
by Julien_Eche
19
Mercurio Retrógrado y CorrelaciónUser Guide: "Mercury Retrograde and Correlation" Indicator This custom indicator for TradingView is designed to explore possible relationships between astrological Mercury Retrograde periods and market behavior. TradingView is a versatile platform that allows you to analyze markets and use custom tools like this one. The indicator combines two tools in one: Mercury Retrograde Period Display: Automatically highlights on the chart the dates when Mercury is retrograde. Correlation Analysis: Measures and displays how synchronized the movement of the asset you are monitoring is with another asset of your choice (e.g., the S&P 500). What do you see on the chart? When you apply this indicator to your chart in TradingView, you will see the following elements: Purple Background: The purple shaded areas show you exactly when the Mercury Retrograde periods occurred or will occur in 2024 and 2025. This allows you to identify at a glance if a specific candle or price movement occurred during one of these events. Correlation Line (Orange): This line, displayed on the main panel, measures the relationship between the asset on your chart and the asset you choose in the settings. Near +1.0: It means the two assets are moving in the same direction (if one goes up, the other goes down). Near -1.0: It means they are moving in opposite directions (if one goes up, the other goes down). Near 0: There is no clear relationship in their movements. Reference Lines (Green and Red): The dotted lines at +0.7 (green) and -0.7 (red) help you quickly identify when the correlation is strong, either positive or negative.
Pine Script® indicator
by Angel_Roberto_Nava_solis
SMC⁵ – Enhanced Composite + Strong Divergences & LinesSMC⁵⁺ is a next-generation momentum and divergence indicator that fuses four key volume-and-flow metrics into a single, ultra-responsive conviction score—and then plots clear, strong divergence signals directly on that composite line. Key Logic & Workflow Composite Construction On-Balance Volume (OBV) : Captures directional volume flow. Chaikin Money Flow (CMF) : Weighs close location within the bar by volume. Cumulative Volume Delta (CVD) : Measures aggressive buyer vs. seller pressure. Money Flow Index (MFI) : Reflects overbought/oversold conditions using typical price and volume. Each raw series is transformed into a rolling z-score over a user-configurable lookback (Norm Length). This ensures stationarity and removes boundary artifacts. Weighted by individual “trust” inputs (OBV, CMF, CVD, MFI weights), then optionally smoothed with an EMA to dial in responsiveness vs. noise. Gradient Zone Highlight The composite oscillates between 0–1 (neutral at 0.5). A dynamic green/red gradient fill instantly shows when conviction enters “High” (>Upper Threshold) or “Low” (<Lower Threshold) zones—perfect for quick visual scans. Divergence Detection Regular Divergence: Requires a minimum % price swing on the composite and a composite delta beyond a dynamic threshold (Reg Δ × StDev), ensuring only the most significant tops/bottoms trigger. Plotted with bold lines and labels directly on the composite curve for unambiguous signals. Hidden Divergence: Uses a lighter threshold (Hid Δ × StDev) and thinner styling to highlight continuation opportunities behind the scenes—so you never miss stealth moves. Both divergence types are pruned to a configurable maximum to keep your chart clean. Why It’s Strong Multi-Metric Confluence: By combining four independent flow/volume metrics, false-signal noise from any single source is virtually eliminated. Statistical Normalization: Z-score transforms allow direct comparability and robust thresholding across any asset or timeframe. Dynamic Sensitivity: User-tunable StDev multipliers and minimum Δ filters guarantee that only high-confidence divergences make it through. Visual Clarity: Divergences are drawn on the actual composite line (not price), making it immediately clear when momentum is shifting beneath price action. How to Use Drop SMC⁵⁺ on any chart (works on all symbols/timeframes). Adjust the four weights to emphasize your favorite flow metric. Tweak Norm Length, Reg × StDev, and Min Composite Δ to tune sensitivity. Watch for bold “Reg Div” signals for high-quality reversal setups, and lighter “Hid Div” signals for stealth continuation entries. Combine with your trend filter or higher-timeframe confluence for pinpoint entries. SMC⁵⁺ brings institutional-grade volume-flow analysis and divergence detection into one elegant package—empowering you to spot true momentum shifts before the crowd.
Pine Script® indicator
by DiamondHandsL
Intraday vs Overnight OBV🔍 Purpose This indicator provides a volume-weighted cumulative flow model that mimics On-Balance Volume (OBV) logic but splits the volume impact into intraday vs. overnight sessions. It allows traders to track how volume contributes to price movement in each session and identify whether buying/selling pressure is stronger during or outside of regular trading hours. This indicator attempts to alleviate some of the downfalls of the standard OBV indicator, which only looks at total volume and total direction. The price of stocks generally behaves extremely differently during market hours and outside market hours, and many of the large moves happen outside of regular market hours on low volume. ⚙️ Core Features 1) OBV-style calculation: If price increases → volume is added to the OBV stream. If price decreases → volume is subtracted. If price is flat → OBV remains unchanged. 2) Session splitting: Intraday session: movement from today's open to close. Overnight session: movement from yesterday’s close to today’s open. Volume is split proportionally between these two periods based on user input. 3) Four visualization modes: "Intraday" — plots only OBV from intraday price movement. "Overnight" — plots only OBV from overnight price movement. "Aggregate" — plots the sum of intraday and overnight OBV for a holistic view. "Both Intraday and Overnight" — plots intraday and overnight OBV separately on the same chart. 📐 Inputs 1) Synthetic OBV Type: "Intraday" — Show OBV from open to close only. "Overnight" — Show OBV from prior close to today's open only. "Aggregate" — Show a single line combining both. "Both Intraday and Overnight" — Show both lines on the same chart. 2) Estimated Overnight Volume %: Percentage of total daily volume assumed to occur during extended hours. The rest is allocated to regular session (intraday). Default: 20% overnight, 80% intraday. 🧮 How It Works Volume Splitting: Total bar volume is split into overnight Volume and intraday Volume: Intraday change is the difference between today’s close and open. Overnight change is the difference between today’s open and yesterday’s close. Session OBV Calculations: OBV is incremented/decremented by the session's allocated volume, depending on whether the session’s price change was positive or negative. Aggregate OBV: Combines both session deltas for a holistic volume flow view. 📊 Interpretation Rising OBV (any stream) suggests accumulation; falling OBV suggests distribution. Divergences between price and OBV lines (especially overnight vs. intraday) can reveal where hidden buying/selling is occurring. Comparing intraday vs overnight OBV can help: Spot whether institutional demand is building off-hours. Detect retail vs. institutional behavior (retail trades often dominate intraday; institutional may prefer after-hours). 💡 Use Cases Identify whether overnight gaps are supported by overnight volume momentum. Detect accumulation in low-volume overnight sessions. Compare intraday and overnight strength during earnings season or news events. Complement traditional OBV by seeing session-based breakdowns.
Pine Script® indicator
by TheUltimator5
Zero Lag MTF On Balance Volume Oscillator by CoffeeShopCryptoIntroducing the Zero Lag Multi Timeframe On Balance Volume Oscillator — the next evolution in volume trading. Imagine tracking both your trading timeframe and any higher timeframe volume in real time, with absolutely zero lag and no waiting for candles to close. Whether you’re comparing a 1-minute chart to a 2-hour chart, or a 5-minute to a daily, you’ll instantly see how volume is shifting across timeframes — live, as it happens. This unique oscillator reveals volume divergences, confirms breakouts, and shows you exactly when buyers or sellers are in control by oscillating around a zero line — with no repainting, ever. Don’t let delayed tools make you miss the move. Stay ahead of the market with the Zero Lag Multi Timeframe OBV Oscillator — and trade with volume on your side. (OBV) was created by Joe Granville and introduced in his 1963 book Granville's New Key To Stock Market Profits. The indicator is significant in history because it was one of the first known indicators to account for positive and negative volume flow. However the concept and method most people use for today is simply observing a singular current timeframe chart of volume. The purpose of this volume indicator is to tell you when both the higher timeframe volume and lower timeframe volume are moving in accordance with each other so you have a more clear understanding of the broad picture of the market movement. This indicator uses the same basic concept of OBV but plots it as an oscillator. Volume Divergence What is a Volume Divergence: A volume divergence takes place when the spread between the HTF and LTF volume isnt reaching higher highs or lower lows while price is reaching higher highs and lower lows. This is more accurate than noting divergence peaks from other indicators like the RSI or MACD because those are giving you an average but the OBV in its "RAW" setting is giving you actual bullish or bearish volume spikes per candle. How to trade a Volume Divergence: When you note either a bullish or bearish volume divergence you need to switch to a divergence trading strategy. BULLISH DIVERGENCE STRATEGY 1.Zone out the range of candles that caused the divergence 2. If this is a bullish divergence, find the swing high on the volume between point A and B and mark that price level 3. This level should play out as a new support level for price. 4. Let the price break and retest this level OR BEARISH DIVERGENCE STRATEGY 1.Zone out the range of candles that caused the divergence 2. If this is a bearish divergence, find the swing low on the volume between point A and B and mark that price level 3. This level should play out as a new resistance level for price. 4. Let the price break and retest this level. Confirming Trendline Breaks While following short term trendlines on price, you can detect when price trends are broken. If volume still supports the previous trend when the trendline is broken, you wait for price to react to a previous support or resistance level, or you want for price to retrace to a fair value gap and follow the trend that follows the supporting volume. Confirming Trend Direction Confirming a trend direction means that both the high timeframe and low timeframe trend agree with each other while price is moving away from a previously tested support or resistance area. Once price moves out of these key levels and the oscillator confirms a particular direction, you have the start of your new trend and are open for trades. Volume Smoothing Settings You can look at Volume in different ways. Commonly you want to smooth it to match your trading style. So if price is trending between range levels, you want to see HOW its trending. If your go to is to use an EMA, SMA, WMA, or other smoothing style, then set the ZLMTF OBV to match this in the "smoothing settings. Here are the different ways you can set it and how it appears on the chart. Raw Volume This gives you the Raw volume calculations with no smoothing taking place. (Commonly you would use this as price intercepts key levels. SMA Smoothed Volume This gives you the Raw volume smoothed over an SMA calculation which you would watch if you commonly use Smoothed Moving Averages on your chart while price is not near a support or resistance area. Other Smoothing Outputs You also have the ability to choose between EMA, SMMA, WMA, and VWAM types of smoothing to compare to the smoothing you use on your chart.
Pine Script® indicator
by CoffeeshopCrypto
3
OBV Strength Relative to Volume (Lakhs View)OBV Strength Relative to Volume (Lakhs View) Description: to provide a compact yet powerful insight into volume momentum and price conviction. It's tailored for traders and analysts in markets like India, where high-volume stocks are often better interpreted in lakhs. 💡 Key Features: OBV Calculation: Cumulative OBV is computed based on price movement direction and volume contribution. OBV Strength (%): Measures the percentage strength of OBV relative to total volume over a user-defined period. It reflects how strongly volume is contributing to price movements. Lakhs View: Both OBV and Volume are scaled to lakhs for cleaner readability and practical analysis in high-volume securities. Historical Table Display: Displays date-wise OBV, Volume, and OBV Strength for the last N candles (customizable). Automatically updates every 5 bars or on each bar for real-time analysis. Color-coded cells for quick visual recognition. ⚙️ Inputs: OBV Strength Period: Number of bars used to calculate OBV strength (default = 5). Number of Days in Table: Number of recent bars shown in the on-chart table (default = 5). 📈 Plots: OBV (Lakhs) – Aqua line. Volume (Lakhs) – Orange columns. OBV Strength (%) – Green line indicating momentum strength based on volume. 📍 Ideal Use: Use this indicator to: Spot divergences between OBV and price. Assess the strength of volume behind a trend. Track consistency and spikes in volume-backed price moves. Quickly scan recent trends with a clear numerical and visual table.
Pine Script® indicator
by raghavprakash05
OBV with MA & Bollinger Bands by Marius1032OBV with MA & Bollinger Bands by Marius1032 This script adds customizable moving averages and Bollinger Bands to the classic OBV (On Balance Volume) indicator. It helps identify volume-driven momentum and trend strength. Features: OBV-based trend tracking Optional smoothing: SMA, EMA, RMA, WMA, VWMA Optional Bollinger Bands with SMA Potential Combinations and Trading Strategies: Breakouts: Look for price breakouts from the Bollinger Bands, and confirm with a rising OBV for an uptrend or falling OBV for a downtrend. Trend Reversals: When the price touches a Bollinger Band, examine the OBV for divergence. A bullish divergence (price lower low, OBV higher low) near the lower band could signal a reversal. Volume Confirmation: Use OBV to confirm the strength of the trend indicated by Bollinger Bands. For example, if the BBs indicate an uptrend and OBV is also rising, it reinforces the bullish signal. 1. On-Balance Volume (OBV): Purpose: OBV is a momentum indicator that uses volume flow to predict price movements. Calculation: Volume is added on up days and subtracted on down days. Interpretation: Rising OBV suggests potential upward price movement. Falling OBV suggests potential lower prices. Divergence: Divergence between OBV and price can signal potential trend reversals. 2. Moving Average (MA): Purpose: Moving Averages smooth price fluctuations and help identify trends. Combination with OBV: Pairing OBV with MAs helps confirm trends and identify potential reversals. A crossover of the OBV line and its MA can signal a trend reversal or continuation. 3. Bollinger Bands (BB): Purpose: BBs measure market volatility and help identify potential breakouts and trend reversals. Structure: They consist of a moving average (typically 20-period) and two standard deviation bands. Combination with OBV: Combining BBs with OBV allows for a multifaceted approach to market analysis. For example, a stock hitting the lower BB with a rising OBV could indicate accumulation and a potential upward reversal. Created by: Marius1032
Pine Script® indicator
by Marius1032
Breakout Volume PROBreakout Volume PRO Real + Projected Volume Detection This advanced volume indicator detects breakouts based on both actual and projected volume, allowing you to anticipate strong market moves before the current candle closes. 🔹 Key Features: Volume breakout detection based on configurable moving average and multiplier. Early signal when projected volume exceeds threshold before candle close. Distinct coloring for bullish, bearish, and early breakout volume. Customizable volume threshold area and base average. Compatible with any timeframe, including daily and intraday. Colors: 🔵 Blue: Bullish breakout 🔴 Red: Bearish breakout 🟠 Orange: Projected breakout in progress ⚪️ Gray: Normal volume Perfect for identifying accumulation, distribution, or high-volume events that may precede price breakouts.
Pine Script® indicator
by elpapadoctor
2
OBV by readCrypto ------------------------------------- OBV is used as a leading indicator to predict stock price movements by measuring changes in trading volume. Reflecting the cumulative value of trading volume, - When the price rises, if the trading volume increases, OBV rises, - When the price falls, if the trading volume decreases, OBV falls. Therefore, the movement of the OBV indicator must be checked along with the price movement, and it has the disadvantage of being unreliable for coins (tokens) with low trading volume. --------------------------------------- (First interpretation method) By adding a signal line for the OBV indicator, - If the OBV indicator moves above the signal line, it is likely to show an upward trend, - If the OBV indicator moves beyond the signal line, it is likely to show a downward trend. This interpretation method is difficult to use in actual trading strategies because the OBV indicator often moves up and down repeatedly based on the signal line. Therefore, it is recommended to use this interpretation method as reference when analyzing charts. ------------------------------- (Second interpretation method) Draw support and resistance lines based on the high and low points of the OBV indicator - If the OBV indicator breaks through the previous high point, it is likely to show an upward trend, - If the OBV indicator breaks through the previous low point, it is likely to show a downward trend. This interpretation method is a bit more reliable than the first interpretation method, but it has the disadvantage of having to consider support and resistance lines separately based on the high and low points. - To compensate for this, a High line for the high point and a Low line for the low point were added. - If the OBV indicator shows an upward breakout of each line (Low, HL2, High), the price is likely to rise, - If the OBV indicator shows a downward breakout of each line (Low, HL2, High), the price is likely to fall. - Also, the Low and High lines can be interpreted like Bollinger Bands. That is, if the Low and High lines show a contraction, the price is likely to move sideways, and if they show an expansion, the price is likely to show a trend. Therefore, if the High line breaks upward in a contracted state, - It is likely to show an upward trend, - If the Low line breaks downward, it is likely to show a downward trend. In an expanded state, you should focus on finding the point to realize profits rather than conducting new transactions. -------------------------------- It is not easy to interpret the change in actual transaction volume and use it to create a trading strategy. In particular, it is more difficult in the coin market where multiple exchanges are linked to show movements for one coin (token). Therefore, the coin market is actively conducting transactions without referring to trading volume at all by following trends. However, I think that if you interpret the change in trading volume and use it to find a trading point, it can help you find a more accurate trading point. In that sense, I think that an indicator that adds the High and Low lines of the OBV indicator can be used as meaningful reference material. ----------------------------------------------------------------- ------------------------------------- OBV는 거래량의 변화를 측정하여 주가 움직임을 예측하는 선행 지표로 활용됩니다. 거래량의 누적값을 반영하여 - 가격이 상승할 때 거래량이 증가면 OBV가 상승하고, - 가격이 하락할 때 거래량이 줄면 OBV가 하락하게 됩니다. 따라서, 가격의 움직임과 함께 OBV 지표의 움직임을 확인하여야 하고 거래량이 적은 코인(토큰)에서는 신뢰성이 떨어지는 단점도 가지고 있습니다. --------------------------------------- (첫번째 해석 방법) OBV 지표에 대한 Signal선을 추가하여 - OBV 지표가 Signal선 이상에서 이동하게 되면 상승세를 보일 가능성이 높고, - OBV 지표가 Signal선 이항에서 이동하게 되면 하락세를 보일 가능성이 높습니다. 이러한 해석 방법은 Signal선을 기준으로 OBV 지표가 반복적으로 위아래로 움직임을 보이는 경우가 많기 때문에 실제 거래 전략에 활용되기가 어려운 면이 있습니다. 따라서, 이러한 해설 방법은 차트 분석을 할 때 참고 자료로 활용하는 것이 좋습니다. ------------------------------- (두번째 해석 방법) OBV 지표의 고점과 저점을 기준하여 지지와 저항선을 그려 - OBV 지표가 이전 고점을 상향 돌파하면 상승세를 보일 가능성이 높고, - OBV 지표가 이전 저점을 하향 돌파하면 하락세를 보일 가능성이 높습니다. 이러한 해석 방법은 첫번째 해석 방법보다 좀 더 신뢰성이 있는 방법이지만, 고점과 저점을 기준으로 지지와 저항선을 나누어 생각해야 하는 단점이 있습니다. - 이를 보완하고자 고점에 대한 High선과 저점에 대한 Low선을 추가하였습니다. - OBV 지표가 각 선(Low, HL2, High)을 상향 돌파하는 모습을 보이면 가격이 상승할 가능성이 높고, - OBV 지표가 각 선(Low, HL2, High)을 하향 돌파하는 모습을 보이면 가격이 하락할 가능성이 높습니다. - 또한, Low선과 High선을 볼린저밴드와 같이 해석할 수 있습니다. 즉, Low선과 High선이 수축하는 모습을 보이면 가격은 횡보할 가능성이 높고, 확장하는 모습을 보이면 가격은 추세를 나타낼 가능성이 높습니다. 따라서, 수축한 상태에서 - High선을 상향 돌파하게 되면 상승세를 나타낼 가능성이 높고, - Low선을 하향 돌파하게 되면 하락세를 나타낼 가능성이 높습니다. 확장된 상태에서는 신규 거래를 진행하기 보다 수익 실현할 시점을 찾는데 집중해야 합니다. -------------------------------- 실제 거래량의 변화를 해석하여 거래 전략을 만드는데 활용하기가 쉽지 않습니다. 특히, 하나의 코인(토큰)에 대해서 여러 개의 거래소가 연동되어 움직임을 나타내는 코인 시장에서는 더욱 어려움이 있습니다. 따라서, 코인 시장은 추세 추종으로 아예 거래량을 참고하지 않고 거래를 진행하는 방법이 활성화되어 있기도 합니다. 하지만, 거래량의 변화를 해석하여 거래 시점을 찾는데 활용한다면 보다 정확한 거래 시점을 찾는데 도움을 받을 수 있다고 생각합니다. 그러한 의미에서 OBV 지표의 High선과 Low선을 추가한 지표가 의미 있는 참고 자료로 활용될 수 있다고 생각합니다. -------------------------------------------------------------------
Pine Script® indicator
by readCrypto
1
On Balance Volume W DivergenceOBV With Divergence Indicator A comprehensive On Balance Volume (OBV) indicator enhanced with divergence detection capabilities. Core Features: Classic OBV calculation with volume-based price movement tracking Advanced divergence detection system Multiple smoothing options for OBV Bollinger Bands integration Technical Components: Volume-based price movement analysis Pivot point detection for divergence Customizable lookback periods Adjustable divergence range parameters Customization Options: Multiple Moving Average types (SMA, EMA, SMMA, WMA, VWMA) Bollinger Bands with adjustable standard deviation Divergence sensitivity settings Visual customization for signals and alerts The indicator combines traditional OBV analysis with modern divergence detection, offering traders a powerful tool for identifying potential trend reversals and market momentum shifts. Key Parameters: - Pivot Lookback Right/Left: 5 (default) - Divergence Range: 5-60 bars - MA Length: 14 (default) - BB StdDev: 2.0 (default) Alert System: - Bullish divergence alerts - Bearish divergence alerts - Customizable alert messages Note: The indicator requires volume data to function properly and will display an error if volume data is not available.
Pine Script® indicator
by Raffaele_De_Leo
Volume Sentiment Pro (NTY88)Volume Sentiment Edge: Smart Volume & RSI Trading System Description: Unlock the power of volume-driven market psychology combined with precision RSI analysis! This professional-grade indicator identifies high-probability trading opportunities through: 🔥 Key Features 1. Smart Volume Spike Detection Auto-detects abnormal volume activity with adaptive threshold Clear spike labels & multi-timeframe confirmation RSI-Powered Sentiment Analysis Real-time Bullish/Bearish signals based on RSI extremes Combined volume-RSI scoring system (Strong Bull/Bear alerts) 2. Professional Dashboard Instant sentiment status table (bottom-right) Color-coded momentum strength visualization Customizable themes for all chart styles 3. Institutional-Grade Tools HTF (Daily/Weekly) volume confirmation EMA trend-filtered momentum signals Spike-to-Threshold ratio monitoring 4. Trade-Ready Alerts Pre-configured "Bullish Setup" (Spike + Oversold RSI) "Bearish Setup" (Spike + Overbought RSI) Why Traders Love This: ✅ Real-Time Visual Alerts - SPIKE markers above bars + table updates ✅ Adaptive Thresholds - Self-adjusting to market volatility ✅ Multi-Timeframe Verification - Avoid false signals with HTF confirmation ✅ Customizable UI - 10+ color settings for perfect chart integration Usage Scenarios: Day Traders: Catch volume surges during key sessions Swing Traders: Confirm reversals with RSI extremes All Markets: Works equally well on stocks, forex & crypto Confirmation Tool: Combine with your existing strategy Sample Setup: "Enter long when: 5. RED SPIKE label appears Table shows 'Oversold RSI' Momentum status turns 'Bullish' Volume exceeds daily average (Confirmed)" 📈 Try Risk-Free Today! Perfect for traders who want: Clean, non-repainting signals Institutional-level volume analysis Professional visual feedback Customizable trading rules ⚠️ Important: Works best on 15m-4h timeframes. Combine with price action for maximum effectiveness. 📜 Legal Disclaimer By using this indicator, you agree to the following terms: Not Financial Advice This tool provides technical analysis only. It does NOT constitute investment advice, financial guidance, or solicitation to trade. High Risk Warning Trading financial instruments carries substantial risk. Past performance ≠ future results. Never risk capital you cannot afford to lose. No Guarantees Signals are based on historical data and mathematical models. Market conditions may change rapidly, rendering previous patterns ineffective. User Responsibility You alone bear 100% responsibility for trading decisions. We expressly disclaim liability for any profit/loss resulting from this tool's use. Professional Consultation Always consult a licensed financial advisor before taking positions. This tool should NEVER be used as sole decision-making criteria. Educational Purpose This indicator is provided "as is" for informational/educational use only. No representation is made about its accuracy or completeness. Third-Party Data We do not verify exchange data accuracy. Use signals at your own discretion after independent verification.
Pine Script® indicator
by NTY88
1
Dskyz (DAFE) Aurora Divergence - Dskyz (DAFE) Aurora Divergence Indicator Advanced Divergence Detection for Traders. Unleash the power of divergence trading with this cutting-edge indicator that combines price and volume analysis to spot high-probability reversal signals. 🧠 What Is It? The Dskyz (DAFE) Aurora Divergence Indicator is designed to identify bullish and bearish divergences between the price trend and the On Balance Volume (OBV) trend. Divergence occurs when the price of an asset and a technical indicator (in this case, OBV) move in opposite directions, signaling a potential reversal. This indicator uses linear regression slopes to calculate the trends of both price and OBV over a specified lookback period, detecting when these two metrics are diverging. When a divergence is detected, it highlights potential reversal points with visually striking aurora bands, orbs, and labels, making it easy for traders to spot key signals. ⚙️ Inputs & How to Use Them The indicator is highly customizable, with inputs grouped under "⚡ DAFE Aurora Settings" for clarity. Here’s how each input works: Lookback Period: Determines how many bars are used to calculate the price and OBV slopes. Higher values detect longer-term trends (e.g., 20 for 1H charts), while lower values are more responsive to short-term movements. Price Slope Threshold: Sets the minimum slope value for the price to be considered in an uptrend or downtrend. A value of 0 allows all slopes to be considered, while higher values filter for stronger trends. OBV Slope Threshold: Similar to the price slope threshold but for OBV. Helps filter out weak volume trends. Aurora Band Width: Adjusts the width of the visual bands that highlight divergence areas. Wider bands make the indicator more visible but may clutter the chart. Divergence Sensitivity: Scales the strength of the divergence signals. Higher values make the indicator more sensitive to smaller divergences. Minimum Strength: Filters out weak signals by only showing divergences above this strength level. A default of 0.3 is recommended for beginners. Signal Cooldown (Bars): Prevents multiple signals from appearing too close together. Default is 5 bars, reducing chart clutter and helping traders focus on significant signals. These inputs allow traders to fine-tune the indicator to match their trading style and timeframe. 🚀 What Makes It Unique? This indicator stands out with its innovative features: Price-Volume Divergence: Combines price trend (slope) and OBV trend for more reliable signals than price-only divergences. Aurora Bands: Dynamic visual bands that highlight divergence zones, making it easier to spot potential reversals at a glance. Interactive Dashboard: Displays real-time information on trend direction, volume flow, signal type, strength, and recommended actions (e.g., "Consider Buying" or "Consider Selling"). Signal Cooldown: Ensures only the most significant divergences are shown, reducing noise and improving usability. Alerts: Built-in alerts for both bullish and bearish divergences, allowing traders to stay informed even when not actively monitoring the chart. Beginner Guide: Explains the indicator’s visuals (e.g., aqua orbs for bullish signals, fuchsia orbs for bearish signals), making it accessible for new users. 🎯 Why It Works The indicator’s effectiveness lies in its use of price-volume divergence, a well-established concept in technical analysis. When the price trend and OBV trend diverge, it often signals a potential reversal because the underlying volume support (or lack thereof) is not aligning with the price action. For example: Bullish Divergence: Occurs when the price is making lower lows, but the OBV is making higher lows, indicating weakening selling pressure and potential upward reversal. Bearish Divergence: Occurs when the price is making higher highs, but the OBV is making lower highs, suggesting weakening buying pressure and potential downward reversal. The use of linear regression ensures smooth and accurate trend calculations over the specified lookback period. The divergence strength is then normalized and filtered based on user-defined thresholds, ensuring only high-quality signals are displayed. Additionally, the cooldown period prevents signal overload, allowing traders to focus on the most significant opportunities. 🧬 Indicator Recommendation Best For: Traders looking to identify potential trend reversals in any market, especially those where volume data is reliable (e.g., stocks, futures, forex). Timeframes: Suitable for all timeframes. Adjust the lookback period accordingly—smaller values for shorter timeframes (e.g., 1H), larger for longer ones (e.g., 4H or daily). Pair With: Support and resistance levels, trend lines, other oscillators (e.g., RSI, MACD) for confirmation, and volume profile tools for deeper analysis. Tips: Look for divergences at key support/resistance levels for higher-probability setups. Pay attention to signal strength; higher strength divergences are often more reliable. Use the dashboard to quickly assess market conditions before entering a trade. Set up alerts to catch divergences even when not actively watching the chart. 🧾 Credit & Acknowledgement This indicator builds upon the classic concept of price-volume divergence, enhancing it with modern visualization techniques, advanced filtering, and user-friendly features. It is designed to provide traders with a powerful yet intuitive tool for spotting reversals. 📌 Final Thoughts The Dskyz (DAFE) Aurora Divergence Indicator is more than just a divergence tool; it’s a comprehensive trading assistant that combines advanced calculations, intuitive visualizations, and actionable insights. Whether you’re a seasoned trader or just starting out, this indicator can help you spot high-probability reversal points with confidence. Use it with discipline. Use it with clarity. Trade smarter. **I will continue to release incredible strategies and indicators until I turn this into a brand or until someone offers me a contract. -Dskyz
Pine Script® indicator
by DskyzInvestments
OBV & AD Oscillators with Dual Smoothing OptionsOn Balance Volume and Accumulation/Distribution Overlaid into 1 and then some, Now it is an oscillator! 3 customizable moving average types - Ehlers Deviation Scaled Moving Average - Volatility Dynamic Moving Average - Simple Moving Average Each with customizable periods And with the ability to overlay a second set too Default Settings have a longer period MA of 377 using Ehlers DSMA to better capture the standard view of OBV and A/D. An extra overlay of a shorter period using a Volatility DMA uses Average True Range with its own custom settings, seeks to act more as an RSI
Pine Script® indicator
by scissorsphrenic
Multi-TF Volume & Price Analysis[BullByte]This indicator offers a comprehensive view of market dynamics by combining volume and price analysis across multiple timeframes. It calculates key metrics—such as bullish/bearish volume percentages, relative volume (RVol), cumulative volume delta (CVD), and price change percentages—for each timeframe that you choose (for example, 1, 3, 5, and 15 minutes). Here are the main features in simple terms: - Multi-Timeframe Analysis: The tool analyzes volume and price action from four different timeframes simultaneously. This means you get insights from short-term and slightly longer-term trends in one view. - Volume Breakdown: It splits the volume into bullish and bearish parts by comparing closing and opening prices. This helps you see how much of the trading volume is driving the market upward versus downward. - Relative Volume & Spike Detection: It calculates relative volume (current volume compared to a moving average) and flags any significant volume spikes based on a customizable multiplier. This feature helps identify unusual trading activity. - Volume Smoothing Option: For a cleaner signal, you can enable a smoothing option (using an exponential moving average) to reduce noise in the volume data. - Advanced Summary: The indicator combines volume data, price changes, and volume spikes to produce an overall market summary for each timeframe—labeling conditions as “Bullish Strong,” “Bullish Moderate,” “Bearish Strong,” “Bearish Moderate,” or “Neutral.” - Cumulative Overview: In addition to individual timeframe analysis, it aggregates the data to offer a cumulative view. This includes a collective bullish/bearish percentage, overall CVD, and even a simplified volume level (Low, Normal, or High). - Customizable Dashboard: All these metrics are neatly displayed in a dashboard on the chart. You can customize its position and text size. The dashboard uses dynamic, color-coded cells to instantly convey the market sentiment—making it easy to spot trends at a glance. - VWAP Integration: Finally, the dashboard includes VWAP information, providing an additional layer of context to the price action. Overall, this indicator is designed to provide a quick yet thorough snapshot of market conditions, enabling traders to make more informed decisions with a clear visual representation of volume and price activity across different timeframes.
Pine Script® indicator
by BullByte
8
Larry Williams POIV A/D [tradeviZion]Larry Williams' POIV A/D - Release Notes v1.0 ================================================= Release Date: 01 April 2025 OVERVIEW -------- The Larry Williams POIV A/D (Price, Open Interest, Volume Accumulation/Distribution) indicator implements Williams' original formula while adding advanced divergence detection capabilities. This powerful tool combines price movement, open interest, and volume data to identify potential trend reversals and continuations. FEATURES -------- - Implements Larry Williams' original POIV A/D formula - Divergence detection system: * Regular divergences for trend reversal signals * Hidden divergences for trend continuation signals - Fast Mode option for earlier pivot detection - Customizable sensitivity for divergence filtering - Dynamic color visualization based on indicator direction - Adjustable smoothing to reduce noise - Automatic fallback to OBV when Open Interest is unavailable FORMULA ------- POIV A/D = CumulativeSum(Open Interest * (Close - Close ) / (True High - True Low)) + OBV Where: - Open Interest: Current period's open interest - Close - Close : Price change from previous period - True High - True Low: True Range - OBV: On Balance Volume DIVERGENCE TYPES --------------- 1. Regular Divergences (Reversal Signals): - Bullish: Price makes lower lows while indicator makes higher lows - Bearish: Price makes higher highs while indicator makes lower highs 2. Hidden Divergences (Continuation Signals): - Bullish: Price makes higher lows while indicator makes lower lows - Bearish: Price makes lower highs while indicator makes higher highs REQUIREMENTS ----------- - Works best with futures and other instruments that provide Open Interest data - Automatically adapts to work with any instrument by using OBV when OI is unavailable USAGE GUIDE ----------- 1. Apply the indicator to any chart 2. Configure settings: - Adjust sensitivity for divergence detection - Enable/disable Fast Mode for earlier signals - Customize visual settings as needed 3. Look for divergence signals: - Regular divergences for potential trend reversals - Hidden divergences for trend continuation opportunities 4. Use the alerts system for automated divergence detection KNOWN LIMITATIONS ---------------- - Requires Open Interest data for full functionality - Fast Mode may generate more signals but with lower reliability ACKNOWLEDGEMENTS --------------- This indicator is based on Larry Williams' work on Open Interest analysis. The implementation includes additional features for divergence detection while maintaining the integrity of the original formula.
Pine Script® indicator
by TradeVizion
7
On Balance VolumeThe traditional OBV (On-Balance Volume) indicator line chart has been replaced with a candlestick-based OBV chart, offering a more granular and visually comprehensive approach to volume-price analysis. This transformation allows traders to analyze OBV fluctuations in the form of candlestick patterns, making it easier to identify critical price action signals such as support and resistance levels, breakouts, and breakdowns. By integrating OBV candlesticks with the price chart, traders can better assess volume accumulation and distribution phases, detect divergences, and confirm trend strength. This enhanced visualization helps in identifying momentum shifts, liquidity imbalances, and institutional activity with greater accuracy. The OBV candlestick chart provides a deeper layer of market structure analysis, allowing price action traders to refine their strategies and improve trade execution based on real-time volume dynamics."
Pine Script® indicator
by RamSethi88
Composite Indicator (Donchian + OBV)Composite Indicator (Donchian + OBV) The Composite Indicator (Donchian + OBV) is a powerful tool designed to evaluate the strength of market breakouts and momentum trends , offering traders a comprehensive perspective on price action. This indicator combines the Donchian Channel with On-Balance Volume (OBV) to create a dynamic and easy-to-interpret metric scaled between -1 and 1 . Key Features Breakout Strength Analysis: - The indicator assesses the strength of price breakouts relative to the upper and lower bounds of the Donchian Channel. - Positive values close to 1 indicate a strong bullish breakout. - Negative values close to -1 indicate a strong bearish breakout. Momentum Detection with OBV: - On-Balance Volume (OBV) tracks the cumulative buying and selling volume to gauge market momentum. - The smoothed OBV trend ensures the momentum component aligns with price action, reducing noise. Integrated Composite Value: - Combines breakout strength and OBV momentum into a single metric for enhanced clarity. - The final composite value highlights whether the market is bullish, bearish, or neutral. Divergence Detection: - Spot bullish divergences when the indicator rises while price falls, suggesting a potential upward reversal. - Identify bearish divergences when the indicator falls while price rises, hinting at a potential downward reversal. How It Works Donchian Channel Analysis: - Calculates the highest high and lowest low over a user-defined period to establish the upper and lower channels . - Breakouts beyond these channels contribute to the breakout strength component. OBV Momentum: - Measures cumulative volume trends to validate price movements. - Momentum is derived from the rate of change in smoothed OBV values. Composite Calculation: - Combines breakout strength and OBV momentum, normalized and scaled to -1 to 1 for clarity. How to Use Bullish Breakout: - When the indicator value approaches 1 , it signals a strong upward breakout supported by positive OBV momentum. - Example Action: Consider a Buy if price breaks the upper Donchian Channel with increasing OBV. Bearish Breakout: - When the indicator value approaches -1 , it indicates a strong downward breakout supported by negative OBV momentum. - Example Action: Consider a Sell if price breaks the lower Donchian Channel with decreasing OBV. Neutral Market: - When the value is near 0 , the market is likely balanced with no significant breakout or momentum detected. Divergence Opportunities: - Bullish Divergence: Price makes lower lows, but the indicator trends upward → Potential upward reversal. - Bearish Divergence: Price makes higher highs, but the indicator trends downward → Potential downward reversal. Customization Options Donchian Channel Length: Adjust the period for the upper and lower bounds. OBV Smoothing Length: Modify the smoothing period for OBV to fine-tune momentum detection. Scaling Adjustments: The composite value is automatically normalized for consistency across timeframes. Ideal Use Cases Breakout Trading: Identify and confirm strong breakouts in volatile markets. Momentum Confirmation: Validate price movements with volume-based momentum. Reversal Detection: Leverage divergences to spot potential market reversals. Example Applications Strong Bullish Signal: - Price breaks the upper channel , and OBV shows increasing volume → Composite value near 1 . - Action: Enter a Buy position and set a Stop Loss below the upper channel. Strong Bearish Signal: - Price breaks the lower channel , and OBV shows decreasing volume → Composite value near -1 . - Action: Enter a Sell position and set a Stop Loss above the lower channel. Neutral Market: - Composite value near 0 suggests indecision or consolidation. Wait for a breakout. Limitations Best used alongside additional tools like RSI or MACD for filtering noise and improving decision-making. Requires careful parameter tuning based on the asset and timeframe. Final Thoughts The Composite Indicator (Donchian + OBV) offers traders a versatile tool to navigate complex markets. By blending breakout analysis with volume-based momentum, this indicator provides an actionable edge for identifying high-probability opportunities and potential reversals.
Pine Script® indicator
by CharLi0t
VWMACD-MFI-OBV Composite# MACD-MFI-OBV Composite A dynamic volume-based technical indicator combining Volume-Weighted MACD, Money Flow Index (MFI), and normalized On Balance Volume (OBV). This composite indicator excels at identifying breakouts and strong trend movements through multiple volume confirmations, making it particularly effective for momentum and high-volatility trading environments. ## Overview The indicator integrates trend, momentum, and cumulative volume analysis into a unified visualization system. Each component is carefully normalized to enable direct comparison, while the background color system provides instant trend recognition. This version is specifically optimized for breakout detection and strong trend confirmation. ## Core Components ### Volume-Weighted MACD Visualized through the background color system, this enhanced MACD implementation uses Volume-Weighted Moving Averages (VWMA) instead of traditional EMAs. This modification ensures greater sensitivity to volume-supported price movements while filtering out less significant low-volume price changes. The background alternates between green (bullish) and red (bearish) to provide immediate trend feedback. ### Money Flow Index (MFI) Displayed as the purple line, the MFI functions as a volume-weighted momentum oscillator. Operating within a natural 0-100 range, it helps identify potential overbought and oversold conditions while confirming volume support for price movements. The MFI is particularly effective at validating breakout momentum. ### Normalized On Balance Volume (OBV) The white line represents normalized OBV, providing insight into cumulative buying and selling pressure. The normalization process scales OBV to match other components while maintaining its ability to confirm price trends through volume analysis. This component excels at identifying strong breakout movements and volume surges. ## Signal Integration The indicator generates its most powerful signals when all three components align, particularly during breakout conditions: Strong Bullish Signals develop when: - Background shifts to green (VWMACD bullish) - MFI shows strong upward momentum - OBV demonstrates sharp volume accumulation Strong Bearish Signals emerge when: - Background turns red (VWMACD bearish) - MFI exhibits downward momentum - OBV shows significant volume distribution ## Market Application This indicator variant is specifically designed for: Breakout Trading: The OBV component provides excellent sensitivity to volume surges, making it ideal for breakout confirmation and momentum validation. Trend Following: Sharp OBV movements combined with MFI momentum help identify and confirm strong trending conditions. High Volatility Markets: The indicator's design excels in active, volatile markets where clear signal generation is crucial for decision-making. ## Technical Implementation Default Parameters: Volume-Weighted MACD maintains traditional periods (12/26/9) while leveraging volume weighting. MFI uses standard 14-period calculation with 80/20 overbought/oversold thresholds. All components undergo normalization over a 100-period lookback for stable comparison. Visual Elements: - Background: VWMACD trend indication (green/red) - Purple Line: Money Flow Index - White Line: Normalized OBV - Yellow Line: Combined signal (arithmetic mean of normalized components) - Reference Lines: Key levels at 20, 50, and 80 ## Trading Methodology The indicator supports a systematic approach to breakout and momentum trading: 1. Breakout Identification Monitor for background color changes accompanied by significant OBV movement, indicating potential breakout conditions. 2. Volume Surge Confirmation Examine OBV slope and magnitude to confirm genuine breakout scenarios versus false moves. 3. Momentum Validation Use MFI to confirm breakout strength and identify potential exhaustion points. 4. Combined Signal Analysis The yellow line provides a unified view of all components, helping identify high-probability breakout opportunities. ## Interpretation Guidelines Breakout Confirmation: Strong breakouts typically show alignment of all three components with notable OBV surge. This configuration often precedes significant price movements. Trend Strength: Continuous OBV expansion during trends, supported by steady MFI readings, suggests sustained momentum. ## Market Selection Optimal Markets Include: - High-beta growth stocks - Momentum-driven securities - Stocks with significant volatility - Active trading instruments - Examples: TSLA, NVDA, growth stocks ## Version Information Current Version: 2.0.0 This indicator represents a specialized adaptation of volume-based analysis, optimized for breakout trading and momentum strategies in high-volatility environments.
Pine Script® indicator
by munair