On Balance Volume Divergence Indicator to TradingView - Free - [TradingFinder]

The OBV Divergence (On Balance Volume) indicator is designed to detect and display divergence between price and OBV for the TradingView platform.

On Balance Volume (OBV) measures buying and selling pressure based on trading volume and price.

The OBV Divergence indicator calculates the divergence between the current price and OBV and displays it using lines and markers; This indicator also includes a separate table containing information about the divergences.

Table of OBV Divergence Indicator Specifications

The specifications of the OBV Divergence indicator are as follows:

Positive Divergence

The Silver/U.S. Dollar chart is an example of a Bullish Divergence, showing its impact on price.

The OBV Divergence indicator detects divergence between price and OBV, using a green line to mark the Bullish Divergence, signaling the beginning of an upward trend.

Negative Divergence

The 1-hour File Coin (Filecoin) chart, indicator detects the divergence between price andOBV using a red line.

In such cases, divergence marker lines can be used as trade entry signals.

Indicator Settings

The settings section for the OBV Divergence indicator is as follows:

Logic Setting

• Fractal Period: The number of periods for detecting divergences is set to 4

Display Setting

• Show Table: Display the divergence table
• Show Label: Display the divergence labels

Conclusion

The OBV Divergence indicator (On Balance Volume Divergence) analyzes divergences between price and OBV to provide signals for entering trades.

This combined indicator is accessible on the TradingView platform and can be used across all markets.