theforexedge wrote:babalu4u

Not sure if you've check the OBV thread recently but wondering if you can add sidespots request regarding limiting the number of bars

I've also been following the 'Killing Zone' thread over at Forex Factory and using some go gg's indicators in my setup...

I was wondering if the OBV calculation could be improved as gg mentions in the thread:

http://www.forexfactory.com/showthread. ... ost5935012

Thanks, JP

babalu4u » Sun Sep 30, 2012 5:03 pm wrote:HI TO ALL,

On Balance Volume can act as a leading indicator to predict upcoming price changes. Trendline analysis works well for this purpose. OBV gives direction to the volume indicator, which helps a trader to see if there is buying pressure or selling pressure, and if the price chart is conforming to that pressure. OBV can help identify trends that can be traded, a change of sentiment by investors, and divergences in which price is heading in the opposite direction of the prevailing buying or selling pressure.

And here is OBV TMA TrueSlope indicator thanks to Neo Trader and litle of me.... I think we can use it in combination with TMA TrueSlope.....

It is like the standard TMATrueSlope Indicator only that you have now a external Parameter "useOBV". If it is set to true (default) the TMA calculations are based on the OBV otherwise on Price close like the standard TMA. You have also the option to switch TMAtrue on/off (default is on). The MTF Version should also work.

He implemented also the average Range. You can activate it with the Parameter "useObvAtr". He also implemented the "obvAtrPeriod" Parameter where you can define the Period of the obvAtr. The default is at 100 like the standard atrPeriod.

TraderJoeForex » Mon Jan 05, 2015 8:41 pm wrote:

babalu4u » Sun Sep 30, 2012 5:03 pm wrote:HI TO ALL,

On Balance Volume can act as a leading indicator to predict upcoming price changes. Trendline analysis works well for this purpose. OBV gives direction to the volume indicator, which helps a trader to see if there is buying pressure or selling pressure, and if the price chart is conforming to that pressure. OBV can help identify trends that can be traded, a change of sentiment by investors, and divergences in which price is heading in the opposite direction of the prevailing buying or selling pressure.

And here is OBV TMA TrueSlope indicator thanks to Neo Trader and litle of me.... I think we can use it in combination with TMA TrueSlope.....

It is like the standard TMATrueSlope Indicator only that you have now a external Parameter "useOBV". If it is set to true (default) the TMA calculations are based on the OBV otherwise on Price close like the standard TMA. You have also the option to switch TMAtrue on/off (default is on). The MTF Version should also work.

He implemented also the average Range. You can activate it with the Parameter "useObvAtr". He also implemented the "obvAtrPeriod" Parameter where you can define the Period of the obvAtr. The default is at 100 like the standard atrPeriod.

Quick request: I've picked up on this indicator now over on the Hurst HGI forum (here: http://www.stevehopwoodforex.com/phpBB3 ... &start=150) .. and would find it really helpful if someone could post a MTF version of this OBV_TMATrueSlope NT indicator. When I say MTF I mean a version that will display the histo for any chosen timeframe not just an additional slope value.

I am currently getting round this (screenshot attached) by using one H4 chart and one additional small D1 chart to show the D1 OBV_TMATrueslope however it would be really nice to be able to have a H4 and D1 OBV_TMATrueSlope histo on the same chart.

Thanks in advance for your help.

TraderJoeForex » Mon Jan 05, 2015 8:41 pm wrote:
Quick request: I've picked up on this indicator now over on the Hurst HGI forum (here: http://www.stevehopwoodforex.com/phpBB3 ... &start=150) .. and would find it really helpful if someone could post a MTF version of this OBV_TMATrueSlope NT indicator. When I say MTF I mean a version that will display the histo for any chosen timeframe not just an additional slope value.

I am currently getting round this (screenshot attached) by using one H4 chart and one additional small D1 chart to show the D1 OBV_TMATrueslope however it would be really nice to be able to have a H4 and D1 OBV_TMATrueSlope histo on the same chart.

Thanks in advance for your help.

milanese » Tue Jan 06, 2015 10:56 am wrote:there was a little glitch in the code, so please the two fast downloaders redownload

Cheers

Tommaso

TraderJoeForex » Wed Jan 07, 2015 7:33 am wrote:

milanese » Tue Jan 06, 2015 10:56 am wrote:there was a little glitch in the code, so please the two fast downloaders redownload

Cheers

Tommaso

Thanks lots for posting this.. might still be a glitch with the bar colors formula as not representing correctly - screenshot posted so you can see. It does not seem to be distinguishing between the greens and reds correctly?

Cheers for your time on this.

SpiderX » Wed Jan 07, 2015 8:04 am wrote:Hi Tomasso,

Is there any possibility you could do one version with GadiOBV ?
Tried looking at the code and it seems all the buffers are used up, maybe you could have some means to do it without the additional buffer.[Edit: This statement about buffers is wrong. My mistake]

Cheers