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Improved On balance volume with BB channel and double MA

This is an improved version of the on balance volume indicator.

I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend.

Green - > uptrend - > we look for buy positions
Red - > downtrend -> we look for sell positions.

At the same time we have to be aware of crosses on bollinger bands, which can indicate a change in the trend .
Bollinger Bands (BB)downtrendgreenimprovementOn Balance Volume (OBV)REDSimple Moving Average (SMA)uptrend

开源脚本

本着真正的TradingView精神,此脚本的作者已将其开源,以便交易者可以理解和验证它。向作者致敬!您可以免费使用它,但在出版物中重复使用此代码受网站规则约束。 您可以收藏它以在图表上使用。

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