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On Balance Volume Momentum + Relative Strength

A combination of "On Balance Volume (OBV)", "Volume Oscillator" and Relative Strength indicators.
"OBV Momentum" is a trend momentum indicator, that can be used to identify strong trends and also trend changes based on volume.
High positive values indicate strong volume on the buy side, high negative values indicate strong volume on the sell side.
An increasing OBV momentum indicates a strengthening buy trend or a weakening sell trend,
decvreasing OBV Momentum indicates a strenghening sell trend or weakening buy trend.
OBV Momentum is calculated by comparing a short vs. a long moving average and plotting the difference in volume.
OBV Momentum metric is absolute volume.
The OBV Momentum values are normalized in the [1, -1] interval.
"OBV Momentum" is a trend momentum indicator, that can be used to identify strong trends and also trend changes based on volume.
High positive values indicate strong volume on the buy side, high negative values indicate strong volume on the sell side.
An increasing OBV momentum indicates a strengthening buy trend or a weakening sell trend,
decvreasing OBV Momentum indicates a strenghening sell trend or weakening buy trend.
OBV Momentum is calculated by comparing a short vs. a long moving average and plotting the difference in volume.
OBV Momentum metric is absolute volume.
The OBV Momentum values are normalized in the [1, -1] interval.
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本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
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。