ashetty033 wrote: Mon Apr 24, 2017 4:21 pm
@mladen Thanks for your reply Sir..
I am using this concept in Amibroker...
Below I paste the code and images..
Code to show Breakout of Price, OBV and both combined..
_SECTION_BEGIN("OBV Hi Lo");
Ob = OBV(); Hi = HHV(Ob,15); Lo = LLV(Ob,15);
HiP= HHV(H,15); LoP= LLV(L,15);
B1 = Cross(Ob,Ref(Hi,-1)); S1 = Cross(Ref(Lo,-1),Ob);
B2 = Cross(C,Ref(HiP,-1)); S2 = Cross(Ref(LoP,-1),C);
B1 = ExRem(B1,S1); S1 = ExRem(S1,B1);
B2 = ExRem(B1,S1); S2 = ExRem(S2,B2);
UP1 = Flip(B1,S1); DN1 = Flip(S1,B1);
UP2 = Flip(B2,S2); DN2 = Flip(S2,B2);
B3 = UP1 AND UP2; S3 = DN1 AND DN2;
B3 = ExRem(B3,S3); S3 = ExRem(S3,B3);
UP3 = Flip(B3,S3); DN3 = Flip(S3,B3);
Plot(8,"",IIf(UP3,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleThick,0,200,0,-5,8);
Plot(4,"",IIf(UP2,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleNoLine|styleDots,0,200);
Plot(2,"",IIf(UP1,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleNoLine|styleDots,0,200);
// two lines to plot vertical lines on your chart marking the bar on which the ribbon flips color
Plot(IIf(B3,1,0),"",colorBlue,styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);
Plot(IIf(S3,1,0),"",colorRed, styleOwnScale|styleNoLabel|styleHistogram|styleDashed,0,1);
_SECTION_END();
Code to show OBV &Price breakout ribbons for 15, 30 & 60 mins..
GraphXSpace=5;
_SECTION_BEGIN("On Balance Volume");
Ob = OBV(); e36 = EMA(Ob,36); e200 = EMA(Ob,200);
Plot(Ob,"",colorWhite,styleNoTitle|styleThick);
Plot(0,"",colorWhite,styleNoLabel|styleNoRescale|styleDashed,0,0,5,-5);
Plot(e200,"",colorBrightGreen,styleNoLabel|styleNoRescale);
Plot(e36, "",colorGold,styleNoLabel|styleNoRescale|styleDashed);
_SECTION_END();
_SECTION_BEGIN("OBV & Price Hi Lo Breaks");
Ob = OBV();
H15 = HHV(Ob,15); L15 = LLV(Ob,15); B1 = Cross(Ob,Ref(H15,-1)); S1 = Cross(Ref(L15,-1),Ob);
H30 = HHV(Ob,30); L30 = LLV(Ob,30); B2 = Cross(Ob,Ref(H30,-1)); S2 = Cross(Ref(L30,-1),Ob);
H60 = HHV(Ob,60); L60 = LLV(Ob,60); B3 = Cross(Ob,Ref(H60,-1)); S3 = Cross(Ref(L60,-1),Ob);
B1 = ExRem(B1,S1); S1 = ExRem(S1,B1); UP1 = Flip(B1,S1); DN1 = Flip(S1,B1);
B2 = ExRem(B2,S2); S2 = ExRem(S2,B2); UP2 = Flip(B2,S2); DN2 = Flip(S2,B2);
B3 = ExRem(B3,S3); S3 = ExRem(S3,B3); UP3 = Flip(B3,S3); DN3 = Flip(S3,B3);
P15 = HHV(H,15); Q15 = LLV(L,15); X1 = Cross(C,Ref(P15,-1)); Y1 = Cross(Ref(Q15,-1),C);
P30 = HHV(H,30); Q30 = LLV(L,30); X2 = Cross(C,Ref(P30,-1)); Y2 = Cross(Ref(Q30,-1),C);
P60 = HHV(H,60); Q60 = LLV(L,60); X3 = Cross(C,Ref(P60,-1)); Y3 = Cross(Ref(Q60,-1),C);
X1 = ExRem(X1,Y1); Y1 = ExRem(Y1,X1); LG1 = Flip(X1,Y1); SH1 = Flip(Y1,X1);
X2 = ExRem(X2,Y2); Y2 = ExRem(Y2,X2); LG2 = Flip(X2,Y2); SH2 = Flip(Y2,X2);
X3 = ExRem(X3,Y3); Y3 = ExRem(Y3,X3); LG3 = Flip(X3,Y3); SH3 = Flip(Y3,X3);
B15 = UP1 AND LG1; S15 = DN1 AND SH1;
B30 = UP2 AND LG2; S30 = DN2 AND SH2;
B60 = UP3 AND LG3; S60 = DN3 AND SH3;
B15 = ExRem(B15,S15); S15 = ExRem(S15,B15); UP15 = Flip(B15,S15); DN15 = Flip(S15,B15);
B30 = ExRem(B30,S30); S30 = ExRem(S30,B30); UP30 = Flip(B30,S30); DN30 = Flip(S30,B30);
B60 = ExRem(B60,S60); S60 = ExRem(S60,B60); UP60 = Flip(B60,S60); DN60 = Flip(S60,B60);
Plot(30,"",IIf(UP15,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleThick,0,200,0,0,3);
Plot(20,"",IIf(UP30,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleThick,0,200,0,0,3);
Plot(10,"",IIf(UP60,colorBlue,colorRed),styleOwnScale|styleNoLabel|styleThick,0,200,0,0,3);
Title = "OBV & Price Breakout Ribbons, Topmost: 15 Minutes, Lowest: 60 Minutes & Middle 30 Minutes";
_SECTION_END();
This concept of
OBV Breakout was provided by a person named
Varun Kochhar in one of our Indian trading forum...
Thanks,