On Balance Volume Reflex

The On Balance Volume Reflex Indicator was developed by Fred Purifoy (Stocks & Commodities V 6:4 142-144) and it is similar in calculation to the On Balance Volume indicator but uses a lookback period for the change comparisons. Buy when the OVR is above the signal and sell when it falls below the signal.

I have included my On Balance Volume Modified Indicator to highlight the differences between both indicators.

Let me know if you would like to see me write scripts for more indicators!

Release Notes

updated to match my other indicators

Release Notes

fixed issue with default resolution

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

cheatcountry

I created the largest stock indicator library:
github.com/ooples/

Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7

Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

cheatcountry

I created the largest stock indicator library:
github.com/ooples/

Custom Indicator Requests:
forms.gle/ouMffZR3dQ8bSJQG7

Tips are appreciated:
paypal.me/cheatcountry
patreon.com/cheatcountry

Also on: