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Modified On Balance Volume
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=67106
Forum: 48 · Topic 67106 · 1 post(s)
Modified On Balance Volume
Alexander.Gettinger · Fri Dec 07, 2018 3:01 pm
Formula: OBV = OBVprevious + VOLUME IF close > closeprevious+Gate OBV = OBVprevious - VOLUME IF close < closeprevious-Gate OBV = OBVprevious IF close = closeprevious
If Gate=0, the indicator equivalent to the initial On Balance Volume.
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