【On Balance Volume】
[code]inputs:
AlertLength( 14 ) ;
variables:
var0( 0 ) ;
var0 = OBV ;
Plot1( var0, "OBV" ) ;
condition1 = LowestBar( C, AlertLength ) = 0 and LowestBar( var0, AlertLength ) > 0 ;
if condition1 then
Alert( "Bullish divergence - new low not confirmed" )
else
begin
condition1 = HighestBar( C, AlertLength ) = 0 and HighestBar( var0, AlertLength ) > 0 ;
if condition1 then
Alert( "Bearish divergence - new high not confirmed" ) ;
end;
[/code]
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