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On Balance Volume (OBV)

TA-Money Flow-v2, Stochastic OBVNot sure where I originally got this (somewhere off Tradingview several years ago, thanks to the person who shared), just publishing because of a request. This is basically a stochastic OBV movement indicator. It is good to work with both price and volume. I've updated to be able to display either as positive only, or both sides (50/-50), also included an invert function. It works great on any time frame, but you need to have volume data. Enjoy. I've got a version 3 if you're interested.
Penunjuk Pine Script™
oleh kocurekc
9
Volume Ticks - Increasing Volume Bar Count [LucF]Volume Ticks is a zero-lag market sentiment indicator. It works by providing a cumulative count of increasing volume columns. A one count is added for each increasing volume column where close>open, and one is subtracted on an increasing volume column if close<open. That’s it. The count does not change when volume hasn’t increased compared to the previous bar’s volume, nor when price does not change. Price movement during the bar, whether 0.001% or 100%, is irrelevant to Volume Ticks; it only moves by 1 at a time. Given that price is not used in Ticks, it is intriguing how well it tracks—or often leads—price movement. The fact that it doesn’t use price also makes it an ideal companion to most indicators that do use price, whether in momentum or mean-reversion based strategies. As with my TLD indicator , the postulate behind Ticks is that price movement occurring on increasing volume is more significant than otherwise. In my opinion, the usefulness of Ticks tends to validate this. Features The averages can be turned on and off. A long-term sentiment marker can be turned on. Markers for BB exits and pause-reversals can be turned on, with the option of showing only long or short markers. 9 alerts can be defined on markers, with the option of choosing only long or short markers. Use cases Provides perspective when reading momentum indicators. Helps identify false momentum tops or bottoms. Comes in handy in detecting subtle sentiment in consolidations. Instances where slight price movement is accompanied by more important Ticks movements often predate more important price movements. Helps detect exhaustion in trends. Things to keep in mind Volume Ticks show sentiment—not price nor trend. Because it so often mimics price, this is easy to forget. Volume Ticks is not bound. Its position with regards to the zero line is not particularly useful either; position relative to and interplay between the MAs is much more useful. Readings are more reliable with many data points. When used on monthly, weekly or daily charts, readings should be validated at shorter intervals. Over the same length of time, a compressed view of a shorter interval will usually provide more reliable readings than the longer interval view. Being zero-lag, Ticks is inherently noisy. You will see this when using the Pause-Reversal markers. The signal line will not move if no increasing volume is accompanying price movement, however important that movement may be. Linear regressions are used in lieu of MAs, except the slow long MA (T5) which uses a simple moving average. The fast MA (T2) is double-smoothed. Markers 2 are brighter when T3 and T4 are in the direction of the marker. The markers are not this indicator’s most useful feature. Here is Ticks in action on a chart also using TLD:
Penunjuk Pine Script™
oleh LucF
22
OBV Oscillator [CP]This is my version of the OBV Oscillator and I've used CCI to color the histogram Line colors: * Lime rising line above 0 line: Strong Bullish * Green falling line above 0 line : Neutral Bullish * Red falling line below 0 line : Strong Bearish * Maroon rising line below 0 line : Neutral Bearish Histogram colors: *Green background above 0 line: Strong Bullish / Overbought *Orange background above 0 line: Neutral Bullish *Red background below 0 line: Strong Bearish / Oversold *Orange background below 0 line: Neutral Bearish
Penunjuk Pine Script™
oleh Coinpocalypse
Volume Candle + All MAs [SHK]Hi friends. There are multiple locked and non-free "volume candle" indicators but now it's free ! You don't need to pay others to access that anymore. No need to give multiple paragraph description like other developers. It's simply OBV as Candle. You can add multiple types of Moving averages to the indicator: Butterworth 2Pole DEMA EMA Gaussian Geometric Mean LowPass McGuinley Regularized MA SMA Sine WMA Smoothed MA T3 Triangular MA Wilders Zero Lag
Penunjuk Pine Script™
oleh shayankm
33
Ultimate Volume (UV) Supply/Demand Absorption [cI8DH]This is a variant of my ADV indicator which adds low/high volume trend, supply/demand absorption detection and separate buy/sell volume moving averages. When aggregation is set to cumulative, it can replicate my ADL indicator as well. It shows both regular volume bars and the accumulated/distributed (A/D) portions of volume. Green line shows buy volume/accumulation and red line shows sell volume/distribution. This can help with assessing buy/sell pressure (read "why invent a new indicator" for more info about why this is more accurate than CMF , MFI, OBV and Williams AD for this purpose). Volume trend shows high and low volume periods in blue and yellow respectively. This could help with avoiding over-trading during low market activity periods. Supply/demand absorption is shown at the top (below volume trend). It shows that market is resisting the trend which could most often lead to sideways or minor/major trend change. Darker colors show stronger resistance. This feature is configured with two parameters that might require tuning depending on the asset and time frame. The equation to calculate accumulation/distribution (A/D) is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/(high-low). This is the building block of my three other indicators ADMF , ADP and ADL ( UMF includes all these three indicators). The volume bars has two shades of green and red. The dark shade shows amount of A/D and the light shade shows total volume (what you see on a regular volume indicator). When money volume is enabled, volume is multiplied by price. As you can see in the chart below, trade volume in terms of USD was growing over the past years while it has not made a new ATH in terms of the instrument (BTC). Notes - Uncheck "Money Volume" for Bitmex or any other exchange that shows volume in terms of money. - Smooth MA length N = EMA length 2*N-1 - Combined tickers, e.g. (COINBASE:BTCUSD+BITSTAMP:BTCUSD+KRAKEN:XBTUSD)/3, can mitigate inconsistency issues between different exchanges (I recommend not mixing USD and USDT pairs together) Here is a TL;DR list of my indicators to save you some time from looking at my obsolete indicators.
Penunjuk Pine Script™
oleh cI8DH
37
On Balance Volume Oscillator + Bollinger Bands [SigmaDraconis]On Balance Volume (OBV) Oscillator with Bollinger Bands (BB). Inspired by @LazyBear OBV Oscillator (link below) Added BB to the oscillator and colored the OBV line yellow when it's outside the bands' limits, useful for finding over-extended zones where price reversals have higher probability of happening. BB bands can be deactivated and the oscillator can be used as originally built by LazyBear if the BB bands are disabled and the OBV area activated. Finding divergences helps increasing price behavior predictability too. BB area is colored green when OBV is above the 20-period moving average and colored red when below it. This can be deactivated on the options to use regular BB colors or no BB at all. If you like it and use it to profit, please tip me below :) Tip jars: BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc BTS: sigma-draconis OBV Oscillator from LazyBear -
Penunjuk Pine Script™
oleh SigmaDraconis
7
Ultimate Money Flow (UMF), Stoch, Multi Time Frame (MTF) [cI8DH]This indicator adds stochastic, multi time frame, signal line, histogram, and bar coloring options to my previous indicators. It can also replicate standard Money Flow Index ( MFI ), Chaikin's Accumulation/Distribution Line ( ADL ), On Balance Volume ( OBV ) and Price-Volume Trend ( PVT ). This indicator can be used for analyzing momentum, buy/sell pressure, overbought/oversold conditions, and trendiness/choppiness, as well as identifying swings (stoch). Chart below shows example multi-TF setup with bar coloring. For analyzing price, I made a similar indicator based on Absolute and Relative Strength Indices, which you can find in the link below. Equation Here is part of the code used in the script: pastebin.com Standard MFI, OBV, ADL and PVT To validate the calculations, I stacked UMF on MFI, OBV, ADL, and PVT in the chart below (100% overlaps validate the calculations). It also shows how you can replicate these indicator if you'd like to use them, or if you want to make your own custom indicator by combining features from different indicators. I do not recommend MFI, ADL or OBV; read "why invent a new indicator" section below. (bear in mind that MFI scale is 0-100, while UMF scales is -100 to 100) Money Flow based on "Balance of Power" (this is the default mode) Balance of Power (BoP) equation is: (close - open) / (high - low) In my opinion, BoP is the most accurate equation to measure the amount of volume accumulated or distributed. I used BoP in my previous open source indicators ADV , ADL , ADP and ADMF . I applied the "True Range" fix to BoP equation similar to what Twiggs did on CMF . Aggregation Method By changing aggregation methods, you can replicate my previous indicators which are also linked at the bottom of this page. Please read more about their applications in their respective pages. aggregation method = Cumulative => ADL indicator: accumulation/distribution (price factoring should be turned off) aggregation method = MA => ADMF indicator: accurate buy/sell pressure, momentum and divergence aggregation method = MA Percent => ADP indicator: overbought/oversold conditions, buy/sell pressure, momentum and divergence, failure swings Smoothing, signal line and histogram to detect trend and choppiness You can apply additional smoothing to UMF. Also, you can add a signal line and histogram (histogram is the difference between main line and signal line). To do so, set the signal length to a number greater than one. Signal line can help you detect changes in trend similar to the signal line on MACD. If signal line criss-crosses UMF, it shows market is choppy. The worst case is when this criss-crossing coincides with UMF flattening near neutral line and histogram height is short; that means market is ded (until it is not; expansion following a contraction period is a common phenomena)! (Bear in mind that histogram will not show in stoch mode.) Stochastic To enable stoch, change the stoch length to a number greater than 1 (default stoch length for the built-in stoch RSI is 14). This length should be calibrated depending on TF and asset. If done correctly, it can be a powerful tool for identifying swings. Stoch can be combined with any aggregation method. I recommend using stoch with MA or cumulative aggregation methods. For conventional uses of stochastic, please read www.tradingview.com(STOCH) and www.tradingview.com(STOCH_RSI). Experimental Bar coloring Feature There is an option to color bars depending on UMF's position relative to the signal line. If both TFs are used in coloring and they are in disagreement, the TF with greater histogram height wins. There are two shades of green and red. The darker shade means both TFs agree. If you use the signal line, bar coloring can help with calibrating the indicator (play with parameters until you see a good looking chart i.e. a lot of green candles followed by a lot of red candles in a row). Please note that bar colors might change until candle(s) close(s). The bar coloring rules will most likely change in the future. Notes - Uncheck "Factor Price" for Bitmex or any other exchange that shows volume in terms of money. - UMF is a replacement to ADP , ADMF and ADL , so no more updates for the old indicators! - Smooth MA length N = EMA length 2*N-1 - Combined tickers, e.g. (COINBASE:BTCUSD+BITSTAMP:BTCUSD+KRAKEN:XBTUSD)/3, can mitigate inconsistency issues between different exchanges (I recommend not mixing USD and USDT pairs together) Why invent a new indicator I have spent a great deal of time to find the best equation that represents accumulation/distribution. Each of the well-known methods have a major flaw. - Winner-take-all problem MFI, OBV and to some extent Williams AD assign accumulation or distribution based on the direction of change in price. They don't account for the amount of change. That means the indicator does not differentiate between a full candle and a doji candle. - Extreme divergence problem Chaikin tried to avoid winner-take-all problem. However, he ended up with a solution that, in my opinion, is even worse. A big flaw of Chaikin's indicators is that they can diverge too much from price. Most responsive indicators in this class, require at least two candles to diverge from price, but CMF/ADL can diverge in a single candle. Chaikin used the same component ( aka Chaikin's money flow multiplier) in both CMF and ADL. CMF 's flaws may not be as visible because it is a normalized oscillator. However, this common flaw is more evident in accum/dist indicator which keeps all past information in its memory. As you can see in the chart below, accum/dist is constantly rising during an obviously distribution period. ADV (Volume) ADP ADMF ADL Please give a like, and share the interesting configurations you find in the comments.
Penunjuk Pine Script™
oleh cI8DH
23