The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure. It is a cumulative indicator meaning that on days where price went up, that day's volume is added to the cumulative OBV total. If price went down, then that day's volume is subtracted from the OBV total. The OBV value is then plotted as a line for easy interpretation. On Balance volume is primarily used to confirm or identify overall price trends or to anticipate price movements after divergences.
PLEASE READ THE ENTIRE POST BEFORE PURCHASING & USING THE ALPHA: Volume INDICATOR. Saves you and me some time in emails and messages. :)
Volume is the only true predictive method for an assets movement.
Most of my followers know I am volume-obsessed, volume precedes price and identifying major spikes in volume prior to an assets movement is one of the most...
Plots diag breakouts and breakdowns of on balance volume. Toggle allows you to turn diags on and off. Default leaves them off since it's easier to view obv this way.
green = breakout
lime = parabolic breakout
red = breakdown
fuchsia = sell-off
all other colors are indicative of chop
As my RSI divergences script became popular, I got few requests for making divergences scripts on other indicators.
One of most popular and requested indicators next to RSI is OBV (on balance volume) which measures buy and sell volume based on candle close (green/red).
So finally, here it is, divergences script for OBV. I'll probably also make candle...
The Bitcoin On-Chain OBV is a port of the classical volume oscillator that reflects the accumulation registered through the On-Chain Transactions.
It also allows to source through the aggregated combined exchange volumes.
The indicator can show the value either in BTC or USD.
Just playing around with some ideas I had with On Balance Volume (OBV). Added a divergence spotter and EMA's that all uses OBV as a source. Let me know if you have any feedback!
My main use of OBV:
1) Confirm trend continuation: When price has a clear trend, OBV should be aligned with the trend.
2) Discover price reversal: When price and OBV moves in opposite...
This Indicator takes volume of retail exchanges as input - Bitfinex+Flyer+Coinbase+Bitstamp+Gemini+Binance and calculates OBV on that its always better than calculating obv based on volume of single exchange.
I had excluded futures exchanges like mex, deribit as they don't represent retail
OBV is colored green if CCI > threshold, red if CCI < threshold.
Both "threshold" and "CCI Length" can be customized using the options page.
Indicator also displays a 13EMA (length can be changed) over OBV.
Volume Accumulation Percentage Indicator (VAPI) is a variation of the classic volume-accumulation indicators. It uses volume the same way as OBV except that it assigns volume weights based on intraday volatility.
In a positive trend, if the stock price is close to a (local) new high, the VAPI should be at its maximum as well (and vice versa for a negative...
OBV takes difference between old close and new close and multiplies by volume without considering high and low.
This assigns the entire volume into a single direction even tho movement could've been in both.
Accum/dist takes difference between close and high and low without considering previous close or open. This causes huge deviation from OBV when you have...
This is a simple yet powerful indicator that can replace volume, Money Flow, Chaikin Money Flow, Price Volume Trend (PVT), Accumulation/Distribution Line (ADL), On Balance Volume (OBV).
When "Baseline Chart" option is disabled, it looks similar to regular volume. The volume bars has two shades of green and red. The dark shade shows amount of accumulation and the...
This is the second part of TFS trading strategy. The concept of this
indicator is similar to that of On-Balance Volume indicator (OBV). It
is calculated according to these rules:
If Close > Open, Volume is positive
If Close < Open, Volume is negative
If Close = Open, Volume is neutral
Then you take the 7-day MA of the results.