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Alternative OBV
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=60338
Forum: 17 · Topic 60338 · 6 post(s)
Alternative OBV
Apprentice · Sat Feb 22, 2014 6:56 am
The classic formula Close > previousClose OBV = OBVprevious + VOLUME Close < previousClose OBV = OBVprevious - VOLUME IF Close = previousClose OBV = previousOBV
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Alternative (Close > Open) OBV = previousOBV + (Volume* (Close-Open) / (High-Low)); (Close < Open) OBV = previousOBV - (Volume * (Open-Close) / (High-Low));
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Alternative OBV= previousOBV + (Volume * (High-Open) / (High-Low)) - (Volume * (Open-Low) / (High-Low))
MT4/MQ4 version viewtopic.php?f=38&t=70136
Re: Alternative OBV
asedic · Thu Aug 06, 2015 3:32 pm
Hi Appretince, thanks for this indicator. I really appreciate your work.
Is it possible to make version of this indicator with option of choice of different data source? I would like to use this formula for analysis of some other active indicators?
Thanks.
Re: Alternative OBV
Apprentice · Wed Jul 19, 2017 8:23 am
The indicator was revised and updated.
Re: Alternative OBV
TastyTreats · Thu Jul 02, 2020 6:42 pm
Hi Apprentice
Is it possible to get this in MT4 flavour?
Thanks
Re: Alternative OBV
Apprentice · Fri Jul 03, 2020 4:20 am
Your request is added to the development list. Development reference 1617.
Re: Alternative OBV
Apprentice · Tue Jul 07, 2020 8:28 am
MT4/MQ4 version viewtopic.php?f=38&t=70136