OPEN-SOURCE SCRIPT
OBV and OBV SMA comparison
Updated
Compare OBV and OBV SMA relative strength
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Key Points in this study:
Default SMA34
In Daily down trend or consolidation in uptrend
1. if OBV crosses above OBV SMA34, Long entry
2. OBV breakout to new high, Long entry
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Key Points in this study:
Default SMA34
In Daily down trend or consolidation in uptrend
1. if OBV crosses above OBV SMA34, Long entry
2. OBV breakout to new high, Long entry
Release Notes
Update scripts with OBV Long Strategy - Daily ChartOBV shows Gray by default
OBV shows green line, Long in this study:
1. OBV > OBV34, and OBV34 > OBV55, and Price > SMA13
or
2. OBV > OBV55, and OBV55 > OBV34, and Price> SMA13
or
3. OBV > OBV34, and current color is green
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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