INVITE-ONLY SCRIPT
Hashem OBV (V2)
Updated
HASHEM OBV (V2)
The OBV is one of the most powerful indicators for spotting divergences and local highs and lows.
This OBV is trapped in a channel between -100 and 100. the Fast OBV is smoothed by 2 (Default) and the Slow OBV is smoothed by 4 (Editable).
The Idea is when the Fast OBV crosses the Slow it's a setup. when this cross happens on the Top and Bottom Zones it'll have more weight.
The Difference between the Fast and Slow is shown on the Zero Line. when the slope of it is positive it means the previous setup is being played. But when it comes to 0 or/and Reverse, it means the previous setup is either played or it'll not be played.
Also, an EMA and SMA (source form Slow OBV) are included. the EMA is used for Support/Resistance and the SMA is used for its Slope and the position in the Zones.
NOTE THAT THIS IS NOT A SIGNALING INDICATOR, YOU MUST CONFIRM THEM WITH YOUR OWN TA.
The OBV is one of the most powerful indicators for spotting divergences and local highs and lows.
This OBV is trapped in a channel between -100 and 100. the Fast OBV is smoothed by 2 (Default) and the Slow OBV is smoothed by 4 (Editable).
The Idea is when the Fast OBV crosses the Slow it's a setup. when this cross happens on the Top and Bottom Zones it'll have more weight.
The Difference between the Fast and Slow is shown on the Zero Line. when the slope of it is positive it means the previous setup is being played. But when it comes to 0 or/and Reverse, it means the previous setup is either played or it'll not be played.
Also, an EMA and SMA (source form Slow OBV) are included. the EMA is used for Support/Resistance and the SMA is used for its Slope and the position in the Zones.
NOTE THAT THIS IS NOT A SIGNALING INDICATOR, YOU MUST CONFIRM THEM WITH YOUR OWN TA.
Release Notes
Updated the Styling and Colors.Release Notes
Removed the Slow OBV and Histogram.Lesser Noise.
Without Risk and Position Management, You WILL Lose Money.
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