OBV ETF ETH

This indicator is designed to analyze the on-balance volume (OBV) and rate of change (RoC) of the OBV of multiple Ethereum ETFs at once.

Key Features:
OBV Calculation: The script calculates the OBV for a selection of Ethereum ETFs listed on the exchange. OBV is a cumulative indicator that adds volume on up days and subtracts it on down days, providing a measure of the cumulative buying and selling pressure.
Rate of Change (RoC) of OBV: It also calculates the rate of change of the OBV, which can help identify momentum and potential trend reversals.

Smoothing: The script includes exponential moving averages (EMAs) for both the OBV and its rate of change, which can help smooth out short-term fluctuations and highlight longer-term trends.

Customizable Settings: Users can adjust the smoothing lengths for both the OBV and its rate of change, as well as the length of the rate of change calculation.
Display Options: The script offers the option to display either the raw OBV, its rate of change, or both, with the ability to toggle their visibility.

OBV


RoC OBV