Traders’ Tips of April 2020, the focus is Vitali Apirine’s article in the April issue, “On-Balance Volume Modified (OBVM)”.
Function In “On-Balance Volume Modified (OBVM)” in this issue, author Vitali Apirine presents a new indicator called OBVM that is based on the classic on-balance volume indicator originally developed by Joe Granville. The author has smoothed the OBV calculation and has added a signal line to help the trader identify entry and exit points. Apirine also notes that the OBVM indicator is useful in helping to identify divergences.
Thanks for your work! Genius stuff in your library
theheirophant
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I released this one a few years back as well. Its an awesome indi to use as confluence/confirmation. In my version you can choose various MA's to use which can be a nice improvment. There are alot of ways actually to improve this one ;)