On Balance Volume Oscillator + Bollinger Bands [SigmaDraconis]

On Balance Volume (OBV) Oscillator with Bollinger Bands (BB).

Inspired by LazyBear OBV Oscillator (link below)

Added BB to the oscillator and colored the OBV line yellow when it's outside the bands' limits, useful for finding over-extended zones where price reversals have higher probability of happening.
BB bands can be deactivated and the oscillator can be used as originally built by LazyBear if the BB bands are disabled and the OBV area activated.

Finding divergences helps increasing price behavior predictability too.

BB area is colored green when OBV is above the 20-period moving average and colored red when below it. This can be deactivated on the options to use regular BB colors or no BB at all.

If you like it and use it to profit, please tip me below :)

Tip jars:

BTC: 15nMBiEGVrdGcu9C1h6QRcTNRvugHkqrMQ
ETH: 0xC33845946c48B61fBCbEA0367ec2238CaF2b73bc
BTS: sigma-draconis

OBV Oscillator from LazyBear -

發行說明

Added bollingerbands and onbalacevolume tags and "_SD" to the short title (for "SigmaDraconis").

SigmaDraconis

開源腳本

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 publications is governed by House rules. 您可以收藏它以在圖表上使用。