On Balance Volume Reflex

The On Balance Volume Reflex Indicator was developed by Fred Purifoy (Stocks & Commodities V 6:4 142-144) and it is similar in calculation to the On Balance Volume indicator but uses a lookback period for the change comparisons. Buy when the OVR is above the signal and sell when it falls below the signal.

I have included my On Balance Volume Modified Indicator to highlight the differences between both indicators.

Let me know if you would like to see me write scripts for more indicators!

リリースノート:

updated to match my other indicators

リリースノート:

fixed issue with default resolution