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mwIndOBVMCD

This indicator compares favorably to NT8 Order Flow Cumulative Delta .. without requiring tick replay or a lifetime license

The On Balance Volume indicator looks at NET volume (buyers vs sellers) for each bar and adds to the previous OBV .. so OBV goes up when there are more buyers .. OBV goes down when there are more sellers

Published in April, 2020 .. Vitali Apirine added an EMA ( [fast] smoothing line ) to the OBV indicator and called it OBVM ..

I added a second smoothing line ( [slow] smoothing line ) .. and compare the difference between the smoothing lines .. much like a MACD

Then I added a signal line, background colors, up/down arrows, and sound alerts

The alert sound file will need to be set for one of the sound files on your computer

This indicator may be a bit quick on trade alerts .. adjust the fast/slow periods accordingly .. OR .. look in the source code for two spots where OBV() is used and convert to ADL() ..

I am not a programmer .. what I've created is from what I was able to glean from indicators by other traders/programmers ..

Category The Elite Circle

Details: mwIndOBVMCD
Category: The Elite Circle

April 26th, 2023
Size: 10.38 KB

Keywords: obvm

Comments/ratings

ELF3 April 29th, 2023 02:00 PM

You did good !! Thanks.

riskybiz April 29th, 2023 02:43 PM

No Comment

dmr1 April 30th, 2023 10:58 AM

Excellent work! thank you

fskhan May 25th, 2023 12:38 PM

Good Indi

ballhaj May 28th, 2023 11:04 PM

Excellent work! thank you

Falco11 June 23rd, 2023 08:14 AM

No Comment

TickerTrader1 July 29th, 2023 04:48 PM

Excellent work. Thank you!

aprilfool August 14th, 2023 09:40 PM

No Comment

f4x0r August 28th, 2023 06:20 AM

5 star

vmarconi50 December 9th, 2023 06:54 AM

Congratulations, a great insight. This is already a useful indicator in real trading. It's worth working on it a bit, then I'll let you know

Vincenzo

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