NO LINKS OR MQL SOURCE CODE REQUESTS. Please follow the rules.

MT5 Volume indicators

From Mladen Rakic:

On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.

The issue with the "regular" OBV is that it is not too informative. Changes direction very frequently, no levels to be used as "signals" of any sort./ This version is adding a sort of Donchian channels to OBV in order to address that issue and to bring one possible solution for lack of signals / information



.Use it as you usually use OBV
.Or use close changes as possible breaks and retracements
OBV (extended).mq5
(7.88 KiB) Downloaded 43 times

Attachments 1
  1. Similar Topics

    1. THEQ Volume. New NRP Indicator. +7000 Pips in two days.

      6 Replies 5018 Views

      by ELEA, Wed Dec 23, 2020 9:03 pm in Commercial Services

      6 Replies
    2. 0 Replies
    3. 3 Replies

Return to “MT5 Indicators”

Users viewing this forum: CommonCrawl [Bot] and 1 guest