OBV High / LOW (On-Balance Volume )

This is a simple application of OBV indicator (On-Balance Volume ), to visually determine when a given stock current obv is near the highest or lowest based on the number of lookback bars.

Indicator examples:

### OBV value is near an all-time high ##

• breakthrough, stock value could set new all-time highs.
  
• rejection, stock value could come down or consolidate.
  

Example

Inputs

• OBV High Lookback -> numbers of bars to look back for the obv high.
  
• OBV LowLookback -> numbers of bars to look back for the obv low.
  
• OBV EMA Length -> Ema length
  

Notes:

• This script also comes with an ema indicator based on obv for smoothing the obv signal since it gets noise at lower timeframes (by default comes disabled)
  

OBV information
https://www.investopedia.com/terms/o/onbalancevolume.asp


Comments:
This is my first script any ideas, suggestions, or detected errors (language/script) don´t hesitate to send a message.


Best regards, Mauro.

Nota Keluaran:

Minor fix : Change OBV plot color from white to yellow to fix white theme problem