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OBV with MA for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker
Here OBV and MA are plotted together and when OBV is above MA go long and OBV belo MA go short. Wait for confirmation and the angle in which the cross is taking place
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Indicator / Formula
Copy & Paste Friendly
_SECTION_BEGIN("OBV");
Plot( OBV(), _DEFAULT_NAME(), ParamColor("Color", colorCycle ), ParamStyle("Style") );
if( Status("action") == actionCommentary )
{
printf("Interpretation is NOT available yet)");
printf("On Balance Volume is a running total of volume. It shows if volume is flowing into or out of a security.");
}
_SECTION_END();
Plot( MA( OBV(), 21 ), "MA21OBV", colorBlack, styleLine );
//--Indicator-End-- -- do not remove this line
Plot( OBV(), "OBV", -8 );
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