Hello community,
I have searched the archives for a ProRealCode version of the On Balance Volume indicator which is the same as the one available on TradingView but I have not been able to find one.
If anyone can help convert the pinescript code to create on, that would be greatly appreciated.
Here is the code available on TradingView:
//@version=5
indicator(title=”On Balance Volume”, shorttitle=”OBV”, format=format.volume, timeframe=””, timeframe_gaps=true)
var cumVol = 0.
cumVol += nz(volume)
if barstate.islast and cumVol == 0
runtime.error(“No volume is provided by the data vendor.”)
src = close
obv = ta.cum(math.sign(ta.change(src)) * volume)
plot(obv, color=#2962FF, title=”OnBalanceVolume”)
ma(source, length, type) =>
switch type
“SMA” => ta.sma(source, length)
“EMA” => ta.ema(source, length)
“SMMA (RMA)” => ta.rma(source, length)
“WMA” => ta.wma(source, length)
“VWMA” => ta.vwma(source, length)
typeMA = input.string(title = “Method”, defval = “SMA”, options=[“SMA”, “EMA”, “SMMA (RMA)”, “WMA”, “VWMA”], group=”Smoothing”)
smoothingLength = input.int(title = “Length”, defval = 5, minval = 1, maxval = 100, group=”Smoothing”)
smoothingLine = ma(obv, smoothingLength, typeMA)
plot(smoothingLine, title=”Smoothing Line”, color=#f37f20, display=display.none)
Many thanks!