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Alternative OBV

Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=67069
Forum: 48 · Topic 67069 · 1 post(s)

Alternative OBV

Alexander.Gettinger · Fri Dec 07, 2018 1:15 pm

The classic formula Close > previousClose OBV = OBVprevious + VOLUME Close < previousClose OBV = OBVprevious - VOLUME IF Close = previousClose OBV = previousOBV

  1. Alternative (Close > Open) OBV = previousOBV + (Volume* (Close-Open) / (High-Low)); (Close < Open) OBV = previousOBV - (Volume * (Open-Close) / (High-Low));

  2. Alternative OBV= previousOBV + (Volume * (High-Open) / (High-Low)) - (Volume * (Open-Low) / (High-Low)).

Alternative OBV.PNG

Download:

Alternative OBV_JS.jsl

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