OPEN-SOURCE SCRIPT

OBV EMA X BF 🚀

By bennef
Credit to Lancelot_Augur for the idea of EMAs of On Balance Volume.

The signals are generated when the faster OBV EMA crosses the slower one.

BACKGROUND COLORS:
Green = go long
Red = go short
White = you have been stopped out

This strategy uses a 3% stop loss.
Volume IndicatorVolume

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 publication is governed by House rules. You can favorite it to use it on a chart.

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Disclaimer