INVITE-ONLY SCRIPT

Squeeze OBV

By sevenjay
Updated
The concept comes from "TTM Squeeze", this indicator visualizes the squeeze on the price movement.

Yellow band overlay on the candles shows that entered a squeeze on with low volatility, market preparing itself for an large move (up or down).
Dots of OBV change every bar, green means potential up, red is the opposite.

Prepare a breakout order with the direction of OBV.
If potential up, the strategy is a breakout order above the squeezed Bollinger Band and the stop loss is below the Bollinger Band.
It's a pity that it cannot write breakout order strategy in Tradingview.

My experience that use CVD instead of OBV will have better performance, but it needs the historical ​evolution of the order book.

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概念來自於 "TTM Squeeze",將擠壓的過程視覺化在價格走勢上。

k線上的黃色帶覆蓋表明進入了低波動性的擠壓,市場為大幅波動(向上或向下)做準備。
OBV 的點每根bar都會變化,綠色表示可能向上,紅色則相反。

搭配 OBV 可以判斷走勢,使用突破單策略能夠有效獲利,
假設可能向上,突破單在擠壓布林帶上方,止損在布林帶下方。
可惜 Tradingview 無法寫突破單策略回測。

經驗上搭配 CVD 更有效,需要交易所訂單簿的歷史紀錄,故 Tradingview 也無法製作 CVD。
Release Notes
add an option to show KC & BB original
Release Notes
update a screenshot when the option enabled in the chart.
snapshot
Release Notes
It will look at the 1 min timeframes and approximate CVD with better predictions.

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使用1分鐘的時框來模擬近似CVD,能有較佳的預測。
On Balance Volume (OBV)squeezeVolatilityVolume
sevenjay

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