Lancelot_Augur

Trend Confirmation Indicator - Triple OBV

Dear all, you might wonder is there a confirmation indicator that has a high hit rate, is dependable, and could rely on the information it gives you when making a decision?

Here I present an indicator I developed specifically for cryptocurrency, in the minds of eliminating fakeouts and traps.

Trend is always invalid then there is a lack of volume , so by tracking the momentum of price direction & volume , we can have a ballpark about where the market is moving to.

On balance volume
obvshort = ema3
obvmedium = ema9
obvlong = ema26

This is a lagging indicator, which means it's not good at predicting reversal.

This is also the reason why

long signal = obvshort > obvmedium and obvshort > obvlong
shortsignal = obvshort < obvmedium and obvshort < obvlong

both without obvmedium >< obvlong

This indicator will not lie to you.

At last

Save Hong Kong, the revolution of our time.
Catatan Pelepasan: Fixed a typo in the code.
Catatan Pelepasan: Fixed Typo and Chart.
Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Rumah. Anda boleh menyukai skrip ini untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?

Komen

great it is
Balas
Very useful indicator ... excellent work ... Thank you !!!
Balas
Excellent and very useful indicator. Thx.
Balas
There is a typo in the code
obvshortcondition = obvshort > obvmedium and obvshort < obvlong
should be
obvshortcondition = obvshort < obvmedium and obvshort < obvlong
Balas
StillAlive Lancelot_Augur
@Lancelot_Augur, Thanks bro.
Balas
Lancelot_Augur StillAlive
@StillAlive, You're welcome.
Balas
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