OBV

The class for drawing the OBV using the ring buffer – indicator MetaTrader 5

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The class for drawing the OBV using the ring buffer - indicator for MetaTrader 5
Description The COBVOnRingBuffer class is designed for calculation the technical indicator On Balance Volume (On Balance Volume, OBV) using the algorithm of  the ring buffer.   Declaration class COBVOnRingBuffer : public CArrayRing Title #include <IncOnRingBuffer\COBVnRingBuffer.mqh> File of the COBVOnRingBuffer.mqh class must be placed in the IncOnRingBuffer folder that need to be established in MQL5\Include\. Two files with the … Read more

OBV (extended) – indicator MetaTrader 5

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OBV (extended) - indicator for MetaTrader 5
On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville’s New Key to Stock Market Profits. The issue with the “regular” OBV is that it is not too informative. Changes direction very frequently, no levels to be used as … Read more