Applies the Oscillator to OBV the same way StochRSI applies the Oscillator to .
- Bounded between 0 and 100, so it may be used for overbought/oversold alerts;
- Uses two lines for crossing signals similar to and StochRSI;
- Only considers recent OBV action, similar to how StochRSI only considers recent action;
It can be used for simple signals, divergence, , and any other method you'd use StochRSI for.
The OBV calculation is from LazyBear's OBVOSC script here, so thank you for your script.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.