Custom OBV Oscillator
This is a modified OBV indicator that creates an oscillator by smoothing the difference between the value of the OBV and a short moving average of the OBV. SMAs of the oscillator are also provided to study crosses and convergence/divergence.
The indicator should mostly be used on common stock, but works on futures contracts with some tuning and a shorter timeframe.
The indicator should mostly be used on common stock, but works on futures contracts with some tuning and a shorter timeframe.