On Balance Volume (with Candles)

OBV+ is an enhanced On Balance Volume indicator that visualizes volume flow either as a line or candlestick-style OBV bars. It shows whether volume is accumulating or distributing, and includes optional moving-average smoothing and Bollinger Bands on OBV to identify trend direction, consolidation, and breakout strength.


Use-Cases

This indicator is especially useful for:

Bullish setup:
Price sideways + OBV rising → accumulation

Bearish setup:
Price rising + OBV flat/falling → distribution

Breakout confirmation:
Price breakout + OBV breaking BB → high conviction move

Options selling filter:
Flat OBV + compressed BB → range-bound market