MA_PT

OBV High / LOW (On-Balance Volume )

This is a simple application of OBV indicator (On-Balance Volume ), to visually determine when a given stock current obv is near the highest or lowest based on the number of lookback bars.

Indicator examples:

### OBV value is near an all-time high ##
  • breakthrough, stock value could set new all-time highs.
  • rejection, stock value could come down or consolidate.

Example


Inputs

  • OBV High Lookback -> numbers of bars to look back for the obv high.
  • OBV LowLookback -> numbers of bars to look back for the obv low.
  • OBV EMA Length -> Ema length

Notes:
  • This script also comes with an ema indicator based on obv for smoothing the obv signal since it gets noise at lower timeframes (by default comes disabled)


OBV information
https://www.investopedia.com/terms/o/onbalancevolume.asp


Comments:
This is my first script any ideas, suggestions, or detected errors (language/script) don´t hesitate to send a message.


Best regards, Mauro.

リリースノート: Minor fix : Change OBV plot color from white to yellow to fix white theme problem
オープンソーススクリプト

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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