Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Some recent posts have been talking about OBV. I have been on a Divergence kick lately, so decided I wanted to write an OBV Divergence indicator. It turned out pretty well, so I am releasing it here.
VIP members only! Do NOT distribute this to anyone else!
This is an improvement over the OBV Diver previously released to VIP members. The new futures.io (formerly BMT) Diver has a lot of additional options as you can see from the screen shots below. …
The first one is pretty similar to what I've written here for EasyLanguage, but it adds a simple calc for divergence. The second one is quite a bit different.
If you have any questions regarding them, please use those threads (not this one). This one is for the EasyLanguage version.
Mike
Are you using a simple EMA for the OBV? The EL is XAverage?
Also, are you using a period of 3 and smooth of 3? I tried this on a NT version and looked quite different.
Thanks for a great video
Regards
This is a slightly modified version of BM_OBV which works with Renko & line break charts.
PS: I just realized MC adapted their volume indicators to work with all types of tick charts with MC v8 RC which makes my modification unneccessary if you are using MC v8 RC and above but the mod is still useful for MC v8 beta2 and below.