TradeLeader OBV MA

The on-balance volume indicator (OBV) is a momentum indicator and was developed in 1963 by Joseph E. Granville.

The OBV shows the importance of a volume and its relationship with the price. It compares the positive and negative volume flows against its price over a time period.

To provide further confirmation that a trend may be weakening, Granville recommended using a 20-period moving average in conjunction with the OBV.

As a result, OBV users could then observe such events more easily by noting any crossovers of the OBV line and its moving average.

In Forex, you do not have the real volume information. So, OBV/MA works better on stocks market.


Parameters

  • Type of Volume: Tick or Real.
  • Moving average period: choose the moving average period.
  • Shift of the moving average.
Choose the colors and other aspects of the lines in the colors tab.

You can include this indicator in your EA, script or other indicator using the iCustom function of the MQL5 language.

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MENA Trend Indicator MT5
Issam Kassas
5 (1)
Indicators
This product was  updated  for the  2026 market  and  optimized  for the  latest MT5 builds . PRICE UPDATE NOTICE: MENA Trend Scanner Pro  is currently available for $99. The price will  increase to $199  after the next  30 purchases. SPECIAL OFFER: After purchasing , send me a private message to claim the Smart Universal EA for FREE and turn your Smart Trend signals into automated trades. First of all Its worth emphasizing here that this Trading System is  Non-Repainting , Non Redrawing and
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TradeLeader PD - Pontos Decisivos O indicador TradeLeader PD completa seu trade system com as informações realmente relevantes. No painel você verá diversas informações consolidadas e sua relação com o preço. Compare os fluxos de compras e vendas(agressão), delta e muito mais. Veja abaixo o que somente o TradeLeader PD pode oferecer em um só indicador, elevando o Metatrader a outras plataformas profissionais especializadas. Painel Variação em porcentagem e ícone. Livro de ofertas: Resistênci
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tenio
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tenio 2022.05.04 12:36 
 

it can use,do not buy!

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