OPEN-SOURCE SCRIPT

On Balance Volume Modified

Updated

Here is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50.

This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25

Please let me know if you want me to publish any other indicators or if you have any questions!

Release Notes

updated to match my other indicators

Release Notes

fixed issue with default resolution

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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