On Balance Volume Flow (Expo)

On Balance Volume Flow (Expo) identifies buying and selling pressure at extreme points. On Balance Volume Flow (Expo) is primarily used to identify potential turning points and areas of congestion.

• Vwap can be enabled as an input source instead of using Volume.
  
• The indicator can be used standalone or as a part of your current trading strategy.
  

HOW TO USE

1. Use the indicator to identify potential turning points and areas of congestion.
2. Use the indicator to get a feel of how price movements and volume are related.


INDICATOR IN ACTION

1-hour chart

• Works on any market
  

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


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Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!

Versionsinformation:

Minor Update

Versionsinformation:

Improvements!

• Performance Improvements
  

Versionsinformation:

Improvements!

• Performance improvements
  
• Limit Line added for users that want to set alerts
  

Versionsinformation:

Improvements!

• It's now way much easier to spot significant changes in OBV.
  
• Unnecessary features removed, such as VWAP.
  
• Alerts Added
  

Versionsinformation:

• OBV Candlesticks Added
  
• Enhanced OBV Calculations