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Execution time 3 hours
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job has already been assigned. This is simply another option for calculation of OBV indicator. I just wanted to see my theory in the works. It has already been assigned to a programmer i have worked with in the past
Here are the requirements for the indicator which is line graph in a seperate window just like the MT4 OBV indicator
MT4 comes standard with On Balance Volume indicator.
Its formula is:
OBV = Previous OBV + Volume IF current close > previous close
OBV = Previous OBV - Volume IF current close < previous close
OBV = Previous OBV…. IF current close = previous close
This is the new OBV indicator I want:
OBV = Previous OBV + Volume IF (High Price – Open Price) > (Open Price – Low price)
OBV = Previous OBV - Volume IF (High Price – Open Price) < (Open Price – Low price)
OBV = Previous OBV, IF (High Price – Open Price) = (Open Price – Low price)
High Price = Highest price of current candle
Low Price = Lowest Price of current candle
Open Price = Opening price of candle which is usually the close price of previous candle
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Project information
Budget
30 USD
Deadline
from 1 to 3 day(s)