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PSX OBV Divergence Labels (1D)

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PSX OBV Divergence Labels (1D)

This indicator highlights bullish and bearish OBV (On-Balance Volume) divergences on the price chart, specifically designed for daily timeframe swing trading in PSX (Pakistan Stock Exchange) stocks.

🟢 Green triangle (Bullish Divergence) appears when price makes a new low but OBV does not — suggesting accumulation and potential reversal.

🔴 Red triangle (Bearish Divergence) appears when price makes a new high but OBV does not — indicating weakening momentum and possible distribution.

Volume spike filtering is included to increase reliability. No trade signals or exits — this is a pure visual divergence tool to support manual decision-making. Ideal for spotting shifts in volume pressure ahead of price reversals.

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