OPEN-SOURCE SCRIPT
OBV Panel
OBV Panel – Volume-Based Price Prediction & Signal Dashboard
Powered by Pine Script v6
🔍 Overview
This multi-functional indicator is designed around the On-Balance Volume (OBV) concept, enhancing it with prediction models, trend tracking, and actionable buy/sell signals. It uses a combination of real-time OBV movement, smoothed OBV with EMA, and linear regression-based OBV forecasts to deliver both intraday and weekly insights — all neatly displayed in a table panel and directly plotted on your chart.
⚙️ Core Components
📌 1. OBV Core
OBV is calculated based on volume flowing into or out of a stock as price moves up or down.
Tracks raw OBV and its EMA (Exponential Moving Average) for smoother trend reading.
Computes a Predicted OBV using Linear Regression (ta.linreg) over a user-defined number of bars.
🔮 2. Predicted Price Forecast
Uses OBV percentage changes combined with a user-set sensitivity factor to project next day’s expected price.
Offers an AI-style price forecast based on OBV strength, not just price action.
💹 3. Buy/Sell Signal Logic
Daily Signals: Triggered when OBV, OBV EMA, and Predicted OBV all move upward or downward from the previous day.
Weekly Signals: Based on EMA changes over a 5-bar period (approx. 1 week).
Signal markers are drawn on the chart for visual reference.
📊 Table Panel (Top-Right Overlay)
A detailed visual panel shows:
Metric Description
OBV, OBV EMA, Predicted OBV From previous close to current value
OBV - Predicted OBV Difference In lakhs (scaled for readability)
% Change Stats Daily percentage change in OBV, EMA, and Predicted OBV
Weekly OBV EMA Change Actual & % change over 5 bars
Signal Summary BUY/SELL or HOLD based on logic
OBV Dominance Whether OBV > EMA and Predicted OBV
Predicted Price (Next Day) Based on OBV dynamics and sensitivity
Powered by Pine Script v6
🔍 Overview
This multi-functional indicator is designed around the On-Balance Volume (OBV) concept, enhancing it with prediction models, trend tracking, and actionable buy/sell signals. It uses a combination of real-time OBV movement, smoothed OBV with EMA, and linear regression-based OBV forecasts to deliver both intraday and weekly insights — all neatly displayed in a table panel and directly plotted on your chart.
⚙️ Core Components
📌 1. OBV Core
OBV is calculated based on volume flowing into or out of a stock as price moves up or down.
Tracks raw OBV and its EMA (Exponential Moving Average) for smoother trend reading.
Computes a Predicted OBV using Linear Regression (ta.linreg) over a user-defined number of bars.
🔮 2. Predicted Price Forecast
Uses OBV percentage changes combined with a user-set sensitivity factor to project next day’s expected price.
Offers an AI-style price forecast based on OBV strength, not just price action.
💹 3. Buy/Sell Signal Logic
Daily Signals: Triggered when OBV, OBV EMA, and Predicted OBV all move upward or downward from the previous day.
Weekly Signals: Based on EMA changes over a 5-bar period (approx. 1 week).
Signal markers are drawn on the chart for visual reference.
📊 Table Panel (Top-Right Overlay)
A detailed visual panel shows:
Metric Description
OBV, OBV EMA, Predicted OBV From previous close to current value
OBV - Predicted OBV Difference In lakhs (scaled for readability)
% Change Stats Daily percentage change in OBV, EMA, and Predicted OBV
Weekly OBV EMA Change Actual & % change over 5 bars
Signal Summary BUY/SELL or HOLD based on logic
OBV Dominance Whether OBV > EMA and Predicted OBV
Predicted Price (Next Day) Based on OBV dynamics and sensitivity
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.