Hi Rainer,

May put any chart sample with D1 timeframe please?.

thanks

Hi 

I need to know how I install this indicator in the second computer?

Tuanyer 

Hi,

1. Make sure that you already logon the MQL5 community on the other termals (access menu Tools->Options->Community to setup).

2. On the terminal toolbox at the bottom of window, click and switch to: Market->Purchased sheet, you should find the EA you already purchased, and click the "Install" button to download and install the EA.

3. Done.

Hi Rainer,

wow, everybody was telling me it is not possible to get alerts from a touched or broken trendline in a subwindow...

Can you imagine how many subwindow indis could have a trendline alert with that? Number one:  RSI and many more.

Does it alert with a popup message too?

Are all Colors to Change?

OBV is mostly ignored by Traders, even if it can Show what the smart Money is doing and that way it can bring a huge Advantage.

Should be easy for you to Code a stable and most of all reliable OBV divergence indicator. Standard and most of all "hidden" which brings us back into trend/momentum direction of the market after a pullback.

There are some divergence indis out there, but a good OBV divergence indi is not to find. Are you planning such a Thing?

Hi omega6

Does it alert with a popup message too? - Yes

Are all Colors to Change? - Yes

Are you planning such a Thing? - I thought about it, it is missing at the moment time.

Hi Rainer,

I understand. It is very hard to code a reliable divergence indicator, not only obv. Especially if you try to catch all short term divergences (regular or hidden)

and longer term divergences. I guess including a confirmation closed candle with the right color would be helpfull.

I am sure you know the articles about "smart and dumb money" and how obv can help to forecast what smart money is doing while dumb money gets trapped.

So take your time and code a good one. (As long as it is better than "diver obv" from this market place. Pics telling all)

Regards 

Hi Rainer,

what about another subwindow-indicator with the trendline-technic of obv?

RSI would be very helpful. Combined with OBV-Trendline we would have a brilliant trading system. 

Hi omega6,

ok i program "RSI Trendline indicator". 1-2 weeks until he is ready.

Rainer, that`s great news !!!

Here are some ideas and observations I have made over a long time about RSI.

I use RSI 5 set to close. 5 because of fast and clear to see ob/os (85/15 levels), but most of all divergences.

Close because of avoiding wicks (market noise). OBV calculation is based on periods close too.

RSI 5 shows another important point. As market moves in waves, ZigZag or whatever we name it, we can

seperate spaces by drawing a trendline as you can see in the pic. In this case we got a trendline alert after space 2

but price did not move further, it forms space 3 and breaks after that. Where we see the next issue, a break above the line, but price did not go further. So if we get an alert we have to check by obv for example, if the trade is valid or not, or in this case, sit on the hands and wait, if priceaction shows a turn.

A nice addition (without coding divergences !) is the upper trendline in RSI window, which shows divergence and the exhaustion of momentum, a clear signal that a turning point is on the way.

I know it is realy not easy to code an indicator, but maybe my ideas can help a bit.

Hey Rainer,

how is progress of RSI-Trendline-Indicator going ???

Regards 

hi,

Moderator must still unlock

Hellow,

I bought this indicator. When I set it up on my computer, it only shows the window on "OBV trendline close", not the other windows on "OBV Trendline Weighted S " or " OBV Trendline Weighted SHS" or "OBV Trendline Weighted LT". Please advise me on how to properly install this indicator. Thank you

Hello,

can you take a screenshot please?

According to the screenshot, the indicator works correctly.

You can access the settings by double-clicking the left mouse button on OBV line -> Inputs-> Formation (double click).

Hello Rainer, I would like to change the scaling so that the lines are not so flat in the M5.

If I change something in the inputs, the lines disappear completely. thanks for your help.