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[DEM] On Balance Volume

[DEM] On Balance Volume is an enhanced version of the classic OBV indicator that transforms volume-price momentum into a histogram format with dynamic color coding to visualize trend strength and direction changes. The indicator calculates traditional On Balance Volume by accumulating volume based on price direction, then applies user-selectable smoothing (SMA, EMA, RMA, WMA, or VWMA) followed by dual RMA filtering with fast (14-period) and slow (80-period) parameters to create a momentum oscillator. The final output displays the difference between fast and slow lines as colored columns, where lime indicates strengthening upward momentum, red shows intensifying downward momentum, fuchsia represents weakening upward momentum, and green signals weakening downward momentum. This approach provides traders with a clear visual representation of volume-based momentum shifts while filtering out noise through multiple layers of smoothing, making it easier to identify significant changes in buying and selling pressure compared to traditional OBV displays.
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受保護腳本
此腳本以閉源形式發佈。 不過,您可以自由且不受任何限制地使用它 — 在此處了解更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。