This script combines On Balance Volume (OBV) with a customizable moving average and Bollinger Bands to highlight momentum shifts and potential buy/sell areas. The OBV Oscillator identifies buying and selling zones when it crosses predefined thresholds. Bollinger Bands provide additional context by highlighting volatility.
Key Features:
OBV Oscillator: Identifies momentum shifts by comparing OBV to its moving average.
Buy/Sell Areas: Triggered by OBV Oscillator crossing thresholds.
Smoothing with MAs & Bollinger Bands: Provides visual smoothing and volatility bands for clearer trade signals.
Customizable: Adjust the moving average type and Bollinger Bands parameters.
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