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.
Invite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact rhawshemi for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Want to use this script on a chart?
Warning: please read before requesting access.
Without Risk and Position Management, You WILL Lose Money.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.