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On Balance Volume W Divergence

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OBV With Divergence Indicator

A comprehensive On Balance Volume (OBV) indicator enhanced with divergence detection capabilities.

  1. Core Features:Classic OBV calculation with volume-based price movement tracking
    Advanced divergence detection system
    Multiple smoothing options for OBV
    Bollinger Bands integration
  2. Technical Components:Volume-based price movement analysis
    Pivot point detection for divergence
    Customizable lookback periods
    Adjustable divergence range parameters
  3. Customization Options:
    • Multiple Moving Average types (SMA, EMA, SMMA, WMA, VWMA)
    • Bollinger Bands with adjustable standard deviation
    • Divergence sensitivity settings
    • Visual customization for signals and alerts



The indicator combines traditional OBV analysis with modern divergence detection, offering traders a powerful tool for identifying potential trend reversals and market momentum shifts.


Key Parameters:
Pine Script®
- Pivot Lookback Right/Left: 5 (default) - Divergence Range: 5-60 bars - MA Length: 14 (default) - BB StdDev: 2.0 (default)


Alert System:
- Bullish divergence alerts
- Bearish divergence alerts
- Customizable alert messages

Note: The indicator requires volume data to function properly and will display an error if volume data is not available.

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.