As my RSI divergences script became popular, I got few requests for making divergences scripts on other indicators. One of most popular and requested indicators next to RSI is OBV (on balance volume) which measures buy and sell volume based on candle close (green/red).
So finally, here it is, divergences script for OBV. I'll probably also make candle edition script after I iron out bugs on this one.
@Libertus both your RSI and OBV divergence scripts are very nice, no extra fluff. Glad I found them and thank you! Do you have any others on the drawing board?
Hotwasabi
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thanks for this....i like this and currently use the RSI div. When both give signals its time to hunt :)...I wonder if you can share code? I usually modify them indi to show dif colour, size and names for my tired old eyes to see...just my way of making the chart mine...OBV is widely used so hopefully not an issue for you.
Libertus
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@Hotwasabi, thank you for comment, I'm glad you like it. Sorry, but I'm not planing on sharing OBV code in near future. If you need to change colors you can open settings and change almost anything there.
heljohn
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Very good indicator! Is it possible adding the alert function for the pivots aswell? :) (like your RSI indicator)
JoshuaAC
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Hi Libertus great indicator. Just 2 questions.
1. Does it repaint?
2. Since you dont intend to share your code, which is fine, no issues, would this indicator be here permanently on tradingview?
Libertus
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@JoshuaAC, Hello,
1. Same as my other indicators, like RSI divergences. Using same rules.
2. I don't have any plans to pull it from TV.