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OBV WaveTrend Flow
OBV WaveTrend Pressure — A Volume-Powered Momentum Oscillator
OBV WaveTrend Pressure combines Hybrid OBV (volume × price delta) with the classic LazyBear WaveTrend framework to create a volume-weighted momentum oscillator that highlights real buying/selling pressure before price reacts.
While standard WaveTrend uses price averages alone, this tool feeds a cumulative hybrid OBV source into WT1/WT2, producing a much more sensitive, order-flow-aware momentum signal. The result is a clean, MACD-style histogram built from the slope of WT1, revealing when volume-backed momentum flips from bullish to bearish and vice-versa.
This is designed as a companion to volatility tools (e.g., TTM Squeeze, SQZMOM) and standard price-based WaveTrend indicators.
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Features
1. Hybrid OBV Source (Vol × ΔPrice)
Captures true directional volume pressure, giving earlier and more reliable inflection points than price-based oscillators.
2. WaveTrend Applied to OBV
Applies LazyBear’s WT logic to a volume-driven source:
• WT1 (fast)
• WT2 (signal)
• Optional slope-aware color themes
3. MACD-Style Pressure Histogram
Shows momentum contraction/expansion clearly:
• Bright green/blue → Strong bull pressure
• Pale green/blue → Weakening bull
• Bright red → Strong bear pressure
• Pale red → Weakening bear
4. Dynamic OB/OS Bands
Adaptive overbought/oversold computed from:
• Rolling mean of WT1
• Rolling standard deviation
Helps identify exhaustion relative to market conditions, not fixed numbers.
5. Zero-Line Momentum Flips (with alerts)
Alerts fire when:
• WT1 slope crosses above zero → Bull momentum shift
• WT1 slope crosses below zero → Bear momentum shift
6. Optional Price Bar Coloring
Mirror the histogram state onto price bars for fast visual bias confirmation.
⸻
How to Use
Bullish Signals
• Histogram flips positive
• WT1 rising
• WT1 or WT2 near dynamic oversold zone
• Useful for positioning early in momentum cycles
Bearish Signals
• Histogram flips negative
• WT1 falling
• WT1 or WT2 near dynamic overbought zone
Best Applications
• Trend continuation entries
• Confirming TTM squeeze setups
• Early identification of pressure reversals
• Pairing with price-based WaveTrend for dual confirmation
⸻
Why It Works
WaveTrend is already one of the most reliable oscillators for structure and reversals — but this version feeds it volume pressure instead of price.
Volume often shifts before candles do, making this a leading indicator in many cases.
OBV WaveTrend Pressure combines Hybrid OBV (volume × price delta) with the classic LazyBear WaveTrend framework to create a volume-weighted momentum oscillator that highlights real buying/selling pressure before price reacts.
While standard WaveTrend uses price averages alone, this tool feeds a cumulative hybrid OBV source into WT1/WT2, producing a much more sensitive, order-flow-aware momentum signal. The result is a clean, MACD-style histogram built from the slope of WT1, revealing when volume-backed momentum flips from bullish to bearish and vice-versa.
This is designed as a companion to volatility tools (e.g., TTM Squeeze, SQZMOM) and standard price-based WaveTrend indicators.
⸻
Features
1. Hybrid OBV Source (Vol × ΔPrice)
Captures true directional volume pressure, giving earlier and more reliable inflection points than price-based oscillators.
2. WaveTrend Applied to OBV
Applies LazyBear’s WT logic to a volume-driven source:
• WT1 (fast)
• WT2 (signal)
• Optional slope-aware color themes
3. MACD-Style Pressure Histogram
Shows momentum contraction/expansion clearly:
• Bright green/blue → Strong bull pressure
• Pale green/blue → Weakening bull
• Bright red → Strong bear pressure
• Pale red → Weakening bear
4. Dynamic OB/OS Bands
Adaptive overbought/oversold computed from:
• Rolling mean of WT1
• Rolling standard deviation
Helps identify exhaustion relative to market conditions, not fixed numbers.
5. Zero-Line Momentum Flips (with alerts)
Alerts fire when:
• WT1 slope crosses above zero → Bull momentum shift
• WT1 slope crosses below zero → Bear momentum shift
6. Optional Price Bar Coloring
Mirror the histogram state onto price bars for fast visual bias confirmation.
⸻
How to Use
Bullish Signals
• Histogram flips positive
• WT1 rising
• WT1 or WT2 near dynamic oversold zone
• Useful for positioning early in momentum cycles
Bearish Signals
• Histogram flips negative
• WT1 falling
• WT1 or WT2 near dynamic overbought zone
Best Applications
• Trend continuation entries
• Confirming TTM squeeze setups
• Early identification of pressure reversals
• Pairing with price-based WaveTrend for dual confirmation
⸻
Why It Works
WaveTrend is already one of the most reliable oscillators for structure and reversals — but this version feeds it volume pressure instead of price.
Volume often shifts before candles do, making this a leading indicator in many cases.
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、StellarTrader2に直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
Message me for access
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
招待専用スクリプト
このスクリプトは作者が承認したユーザーのみアクセス可能です。使用するにはアクセス申請をして許可を得る必要があります。通常は支払い後に承認されます。詳細は下記の作者の指示に従うか、StellarTrader2に直接お問い合わせください。
TradingViewは、作者を完全に信頼し、スクリプトの動作を理解していない限り、有料スクリプトの購入・使用を推奨しません。コミュニティスクリプトには無料のオープンソースの代替が多数あります。
作者の指示
Message me for access
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。