Name

Comment

Name

Description

Returns

Comment

Example

Interpretation

On Balance Volume

A momentum indicator relating volume to price

Increases previously accumulated volume with the current volume of the price is higher than last period,  otherwise the other way around.

An accumulating indicator working from the diagram start. No relevance in other scripts.

DIV(OBV(),100000) draws a graph down scaled 100.000 times.

If each new top for OBV() is higher than the previous, and each new intermediate bottom is higher than the previous, the trend is also up - and the other way around.

Tips for graphics

Placement

Scaling

Volume bars or price bars

Automatic but needs to be scaled within the script not to cause overflow.