Normalized OBV

When looking at the information of On Balance Volume indicator, a question arises: is it a strong or weak movement? Should it be compared with previous days? These data should be normalized to always have a reference.


This indicator presents the followings parameters:

  • Normalization period (Max-Mins absolute)
  • Smoothing period (-1 off)
  • Tick/Real Volume
  • Maximum number of bars to calculate (-1 off)
  • Upper value normalization
  • Lower value normalization

Calculation: normOBV = (value - absMin) * (relMax - relMin) / (absMax - absMin) + relMin

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Jose Miguel Soriano
R2 (R-squared) represents the square of the correlation coefficient between current prices and deducted from the linear regression. It is the statistical measure of how well the regression line is  adjusted to the actual data, and therefore it measures the strength of the prevailing trend without distinguishing between ascending and descending one. The R2 value varies between 0 and 1, therefore it is an oscillator of bands that can show signs of saturation (overbought / oversold). The more the v
If instead of giving the regression value indicator end of the regression line (LRMA), we give the value of its slope, we obtain LRS or Linear Regression Slope Indicator. Since the slope is positive when prices rise, zero when they are in range and negative when they are lowered, LRS provides us the data on the price trend. Calculation                       sum(XY, n) - avg(Y, n)*sum(X, n)   Y= a + mX;      m=  --------------------------------        a= avg(Y, n) - m*avg(X, n)                   
ATR channel all MAs
Jose Miguel Soriano
"ATR channel all MAs jm" is a indicator that allows displaying on a chart the ATR channel calculated according to the moving average selected. You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA. General Parameters: Channel type - true: channel ATR, false: channel price. Method MA - select the type of moving average to show in the current graph. Period MA - the number of bars to calculat
"Bollinger Bands all MAs" is an indicator that allows drawing Bollinger Bands calculated according to the selected moving average. You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard ones - LRMA, HMA, JMA, AFIRMA. General Parameters Method MA - select the type of moving average to be displayed in the current graph. Period MA - the number of bars to calculate the MA. Width bands - the width of the bands expressed
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