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obv indicator
Last Activity 12/9/2018 7:38 PM
1 replies, 207 viewings

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beech pilot

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Posts: 3

Joined: 11/1/2018
Location: Visalia

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Subject : obv indicator
Posted : 11/1/2018 10:06 PM
Post #30165

hello i am trying to get the obv indicator to plot a line when it hits the top of the pane or the bottom of the pane or highest high value or lowest low value thanks
Attached file : 11-1-2018 8-03-00 PM.png (80KB - 42 downloads)

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THOMAS HELGET

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Location: BALDWINSVILLE, NEW YORK

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Subject : RE: obv indicator
Posted : 11/2/2018 2:00 PM
Post #30167 - In reply to #30165

beech pilot:

That might be a stretch since the OBV is an unbounded indicator and it would depend on just how much chart real-estate you were showing.

The formula for OBV from Matt Greenslet is:

***************************************************************************
' * On Balance Volume
' * by Matthew Greenslet
' *
' * Summary:
' * Indicator calculation from OT2009
' *
' * Parameters:
' * None
'
' Copyright 2009 Nirvana Systems, Inc. Austin, Tx, USA.
' ***************************************************************************
#Indicator
Dim fOBV as Single
If Bar > 0 Then
If C > C[1] Then
fOBV += V
ElseIf C < C[1] Then
fOBV -= V
End If
Plot("On Balance Volume", fOBV)
End If
Return fOBV

It, and other OT Indicator formulae can be obtained here:

https://www.omnitrader.com/currentclients/proforum/thread-view.asp?threadid=2032

I have attached this "fish" to this post.

I hope that helps!

Tom Helget


[Edited by THOMAS HELGET on 11/2/2018 2:02 PM]

Attached file : OTindOnBalanceVol.txt (0KB - 26 downloads)

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