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【On Balance Volume】
- 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;
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