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MultiVote OBV oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=61384
Forum: 38 · Topic 61384 · 1 post(s)
MultiVote OBV oscillator
Alexander.Gettinger · Mon Oct 27, 2014 10:37 am
Original LUA oscillator: viewtopic.php?f=17&t=24032.
Original OBV only compares Closing Price. MVOVB takes into account all price components. This has resulted with higher sensitivity compared to the original.
if HIGH >previous HIGH then HIGHVOTE =1 if HIGH < previous HIGH then HIGHVOTE =-1
if LOW >previous LOW then LOWVOTE =1 if LOW < previous LOW then LOWVOTE =-1
if CLOSE>previous CLOSE then CLOSEVOTE=1 if CLOSE < previous CLOSE then CLOSEVOTE =-1
TOTALVOTE = HIGHVOTE + LOWVOTE + CLOSEVOTE MVOBV = previousMVOBV + TOTALVOTE * Volume MVOBV = previousMVOBV + TOTALVOTE * Volume
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