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On Volume Balance Oscillator By [LeonidasCrypto]

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This indicator will help you to read OBV in a different way. I added rules I am following for my own system and experience.

OBV is one of the best indicators in my experience for trading.


How to trade with this indicator.

Rules:

OBV > 0 line

Market should be considered bullish

OBV< 0 Market should be considered bearish

Moving Averages:

EMA 55 (YELLOW Line) as long OBV is above this EMA and the color is GREEN the market should be considered in trending mode.
Example:
スナップショット

EMA 55 could work as dynamic support and resistance
Example:
スナップショット

EMA 100 as long OBV is above this EMA the market should be considered in long term bullish y OBV is below this EMA (RED Cloud) the market in long term is bearish.
Example:
スナップショット

Divergences:
This indicator is very powerful showing less divergences if we compare this indicator with others that means less fake signals.

スナップショット

Yellow Bar:

This indicator is using Choppiness Index to determine if the market is getting ready to move. If you see a yellow bar you should be ready for a potential move. this bar will not tell you the direction.

This indicator is following the theory of OBV "Volume should follow the price"

リリースノート
Added Volatility.

How to use:

Red:
High volatility (climax)
blue low volatility(price contracting)

Volatility is a key factor in my system of trading to determine explosive moves.
リリースノート
Added gradients to identify better the trend
Added support for different moving averages
Now volatility is optional
リリースノート
Fixed errors with colors
Improved configuration window now you can personalize the colors of this indicator
Changed for calculating the positive /negative line
Removed Long term EMA 100 *please add your custom ema if you need it

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