On Balance Volume Oscillator

It makes it easier to detect DIVERGENCES.

// OBV Oscillator
//
//
//
// Periods = 20
Periods    = max(1,min(999,Periods))
//
MyOBV      = OBV(close)
Sma        = Average[Periods,0](MyOBV)
Diff       = MyOBV - Sma
RETURN Diff AS "Difference"

// OBV Oscillator

// Periods = 20

Periods = max(1,min(999,Periods))

MyOBV = OBV(close)

Sma = Average[Periods,0](MyOBV)

Diff = MyOBV - Sma

RETURN Diff AS "Difference"

Divergence divergences OBV On Balance Volume Oscillator

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robertogozzi • 09/14/2021 #
An updated version can be found here https://www.prorealcode.com/topic/conversion-of-pine-script-obv-osc-0-1/#post-177592

jissey • 09/14/2021 #
Bonjour Robertogozzi, cet indicateur est interessant mais serait-il possible de marquer la divergence par une fleche (par ex ) sur le graphique automatiquement quand cette configuration apparait ? Cdlt
- robertogozzi • 09/14/2021 #
  Sure, but you should start a new topic on the Probuilder support forum. Thank you 🙂

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