SC MTF Obv for MT4 with alert

What is OBV?

On Balance Volume (OBV) was developed by Joe Granville and is a volume-based momentum indicator that uses cumulative volume flow to predict price changes. It adds volume on up days and subtracts volume on down days to form a running total, creating a line that reflects the flow of money in or out of a security.

OBV is based on the theory that volume precedes price. When OBV is rising while price is flat or falling, it suggests bullish accumulation and a potential upward price breakout. Conversely, a falling OBV with flat or rising price suggests distribution and a potential downward move. Divergences between OBV and price are strong signals.

Features:

• Visual signal markers with arrows and vertical lines
• Three independent signal buffers with configurable triggers
• Signal detection options: direction change, level cross, peak/valley
• Configurable alert functions for each signal (email, push, sound, popup)
• Multi-timeframe (MTF) capability with interpolation methods
• Histogram or line drawing mode
• Multiple color modes (simple, direction-based, level-based)
• Custom indicator call (iCustom) buffer access for Expert Advisor (EA) integration

Input Parameters:

• Basic Settings:
  • Applied price: Price type used to determine up/down candles (default: Close).
  • OBV bar shift: Offset the line drawing by a specified number of bars.
  • OBV timeframe: Choose the timeframe for MTF display.
  • MTF on higher TF only: Restrict MTF display to timeframes higher than the current chart.
  • MTF Interpolation mode: Select smoothing method (Off, Linear, Smooth, Weighted, Simple Moving Average).
  • Maximum bars to calculate: Limit the number of bars calculated for performance optimization.
• Levels Settings:
  • Show level: Toggle level line visibility.
  • Adjust level value: Set custom level position (default: 0).
  • Level appearance: Customize color, style, and width.
• Signal Settings:
  • Signal 1/2/3 trigger: Configure detection type (direction change, level cross, peak/valley).
  • Visual markers: Enable arrows and vertical lines with customizable size, style, and position.
  • Arrow customization: Set Wingdings codes and colors for up/down signals.
• Alert Settings:
  • Alert timing: Choose when alerts trigger (Off, After close, Before close, Both).
  • Alert interval limit: Set minimum minutes between repeated alerts.
  • Time range filter: Restrict alerts to specific hours.
  • Delivery methods: Enable email, push, popup, and sound notifications.
• Color and Style Settings:
  • Color mode: Select from multiple modes (simple, direction-based, level-based).
  • Histogram mode: Switch between line and histogram display.
  • Line appearance: Customize colors (4 per line), style, and width.