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OBV Strength Relative to Volume (Lakhs View)
OBV Strength Relative to Volume (Lakhs View)
Description:
to provide a compact yet powerful insight into volume momentum and price conviction. It's tailored for traders and analysts in markets like India, where high-volume stocks are often better interpreted in lakhs.
💡 Key Features:
OBV Calculation: Cumulative OBV is computed based on price movement direction and volume contribution.
OBV Strength (%): Measures the percentage strength of OBV relative to total volume over a user-defined period. It reflects how strongly volume is contributing to price movements.
Lakhs View: Both OBV and Volume are scaled to lakhs for cleaner readability and practical analysis in high-volume securities.
Historical Table Display:
Displays date-wise OBV, Volume, and OBV Strength for the last N candles (customizable).
Automatically updates every 5 bars or on each bar for real-time analysis.
Color-coded cells for quick visual recognition.
⚙️ Inputs:
OBV Strength Period: Number of bars used to calculate OBV strength (default = 5).
Number of Days in Table: Number of recent bars shown in the on-chart table (default = 5).
📈 Plots:
OBV (Lakhs) – Aqua line.
Volume (Lakhs) – Orange columns.
OBV Strength (%) – Green line indicating momentum strength based on volume.
📍 Ideal Use:
Use this indicator to:
Spot divergences between OBV and price.
Assess the strength of volume behind a trend.
Track consistency and spikes in volume-backed price moves.
Quickly scan recent trends with a clear numerical and visual table.
Description:
to provide a compact yet powerful insight into volume momentum and price conviction. It's tailored for traders and analysts in markets like India, where high-volume stocks are often better interpreted in lakhs.
💡 Key Features:
OBV Calculation: Cumulative OBV is computed based on price movement direction and volume contribution.
OBV Strength (%): Measures the percentage strength of OBV relative to total volume over a user-defined period. It reflects how strongly volume is contributing to price movements.
Lakhs View: Both OBV and Volume are scaled to lakhs for cleaner readability and practical analysis in high-volume securities.
Historical Table Display:
Displays date-wise OBV, Volume, and OBV Strength for the last N candles (customizable).
Automatically updates every 5 bars or on each bar for real-time analysis.
Color-coded cells for quick visual recognition.
⚙️ Inputs:
OBV Strength Period: Number of bars used to calculate OBV strength (default = 5).
Number of Days in Table: Number of recent bars shown in the on-chart table (default = 5).
📈 Plots:
OBV (Lakhs) – Aqua line.
Volume (Lakhs) – Orange columns.
OBV Strength (%) – Green line indicating momentum strength based on volume.
📍 Ideal Use:
Use this indicator to:
Spot divergences between OBV and price.
Assess the strength of volume behind a trend.
Track consistency and spikes in volume-backed price moves.
Quickly scan recent trends with a clear numerical and visual table.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。