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OBV wonder shadows for Amibroker (AFL)

Rating:
3 / 5 (Votes 4)
Tags:
oscillator, amibroker

OBV in isolation may not make much sense intraday, All this simple but effective indicator does is to create the shadows of the OBV in the form of 9 WMA and 21 WMA and the crossover of the OBV and shadows tells you to go long or short.As they say “Coming events cast their shadows before”

Screenshots

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("OBV");
Plot( OBV(), _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color", colorGreen ), ParamColor("Down Color", colorRed ) ), ParamStyle( "Style") );
SetChartBkGradientFill( ParamColor("BgTop",colorBlack),ParamColor("BgBottom",colorBlack),ParamColor("Titleblock",colorLightGrey));

_SECTION_END();

_SECTION_BEGIN("WMA");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 300, 1, 10 );
Plot( WMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); 
_SECTION_END();

_SECTION_BEGIN("OBV1");
Plot( OBV(), _DEFAULT_NAME(), IIf( C > O, ParamColor("Up Color", colorGreen ), ParamColor("Down Color", colorBlue ) ), ParamStyle( "Style") );
_SECTION_END();

Buy =  Cross(OBV(),WMA(OBV(),9));
Sell = Cross(WMA(OBV(),9),OBV());

Short = Sell;
Cover = Buy;
PlotShapes(shapeUpArrow*Buy,colorGreen);

PlotShapes(shapeDownArrow*Sell,colorRed);


_SECTION_BEGIN("WMA1");
P = ParamField("Price field",-1);
Periods = Param("Periods", 15, 2, 300, 1, 10 );
Plot( WMA( P, Periods ), _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") ); 
_SECTION_END();

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