Archive for October 15th, 2010:
Metatrader Indicator OBV Divergence Generation 3
OBV Metatrader Indicator
OBV indicator will detect when a currency is being accumulated by a large number of buyers or sold by many sellers.
Calculation:
If today’s close is greater than yesterday’s close then:
OBV(i) = OBV(i-1)+VOLUME(i)
If today’s close is less than yesterday’s close then:
OBV(i) = OBV(i-1)-VOLUME(i)
If today’s close is equal to yesterday’s close then:
OBV(i) = OBV(i-1)
Where:
OBV(i) — is the indicator value of the current period;OBV(i-1) — is the indicator value of the previous period;
VOLUME(i) — is the volume of the current bar.
Metatrader Indicator OBV Divergence
Very strong signal for open position is fractal divergence between OBV and price. Divergence is disagreement between the indicator and price. Metatrader Indicator OBV Divergence Generation 3 detects fractal divergence and shows on divergence zone on graph and indicator. This metatrader indicator based on new optimized and reliable algorithm to detect divergence patterns. Indicator does not repaint and arrows painted above/below the open bar and not in the past. The indicator shows a high percentage of correct signals at the period of flat market. Also with high probability we can determine the beginning and end of the trend.
BJF Trading Group inc.
http://iticsoftware.com
