Histogram of the difference between On Balance Volume and an EMA of the On Balance Volume (OBV + EMA).
Using a 55 EMA, on the daily timeframe of BTC, bull/bear trends occur when the histogram is above/below the zero line respectively.
Divergences also have a notable effect.
-- Added alert conditions when OBV crosses EMA to signal a possible trend change, for bullish and bearish cases.
リリースノート
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リリースノート
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-- Added checkbox to select between EMA and SMA of OBV. The SMA noticeably produces a smoother histogram in some instances. On the BTC hourly (1H) chart using the 99 SMA setting looks nice at a quick glance.
Nice! Really like this! Always had a hard time reading the OBV in its raw form. Wouldn't it be more logical to take a SMA though. The EMA would surpresses the histograms reaction on the OBV more. With other words...volume movements would be more visible with the SMA. IMHO.
mushman69
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@fmltheknight, Oh Good Call, I'll definitely add that option in soon, thanks!