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On Balance Volume W Divergence

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OBV With Divergence Indicator

A comprehensive On Balance Volume (OBV) indicator enhanced with divergence detection capabilities.

  1. Core Features:Classic OBV calculation with volume-based price movement tracking
    Advanced divergence detection system
    Multiple smoothing options for OBV
    Bollinger Bands integration
  2. Technical Components:Volume-based price movement analysis
    Pivot point detection for divergence
    Customizable lookback periods
    Adjustable divergence range parameters
  3. Customization Options:
    • Multiple Moving Average types (SMA, EMA, SMMA, WMA, VWMA)
    • Bollinger Bands with adjustable standard deviation
    • Divergence sensitivity settings
    • Visual customization for signals and alerts



The indicator combines traditional OBV analysis with modern divergence detection, offering traders a powerful tool for identifying potential trend reversals and market momentum shifts.


Key Parameters:
Pine Script®
- Pivot Lookback Right/Left: 5 (default) - Divergence Range: 5-60 bars - MA Length: 14 (default) - BB StdDev: 2.0 (default)


Alert System:
- Bullish divergence alerts
- Bearish divergence alerts
- Customizable alert messages

Note: The indicator requires volume data to function properly and will display an error if volume data is not available.

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