OPEN-SOURCE SCRIPT
QuantNomad - On Balance Volume Oscillator
Created an oscillator from OBV - On Balance Volume. This way I think it is more responsive.
I just took OBV over a period and divided it by the total volume for the same period. So now it's an oscillator from -1 to 1.
You can also add EMA to this script.
Any feedback will be appreciated.
I just took OBV over a period and divided it by the total volume for the same period. So now it's an oscillator from -1 to 1.
You can also add EMA to this script.
Any feedback will be appreciated.
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