Normalized OBV Zones

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Normalized OBV Zones Indicator

Overview

The Normalized OBV Zones indicator is a sophisticated volume analysis tool that transforms the traditional On-Balance Volume (OBV) indicator into a normalized oscillator with clearly defined zones. This indicator helps traders identify accumulation and distribution phases in the market by analyzing volume flow patterns across different timeframes.

What is OBV?

On-Balance Volume (OBV) is a momentum indicator that uses volume flow to predict price changes. The indicator adds volume on up days and subtracts volume on down days, creating a running cumulative total that shows whether volume is flowing into or out of a security.

Key Features
Normalized 0-100 Scale

• Converts raw OBV values into a consistent 0-100 range for easy interpretation
  
• Eliminates the need to deal with large, unwieldy OBV numbers
  
• Enables comparison across different assets and timeframes
  

🎯 Five Distinct Market Zones

• Extreme Accumulation (85-100): Strong institutional buying
  
• Accumulation (65-84): Moderate buying pressure
  
• Neutral (35-64): Balanced market conditions
  
• Distribution (15-34): Moderate selling pressure
  
• Extreme Distribution (0-14): Strong institutional selling
  

⏰ Adaptive Timeframe Settings

• Daily Timeframes: 50-period lookback (default)
  
• Weekly Timeframes: 21-period lookback (default)
  
• Monthly+ Timeframes: 9-period lookback (default)
  

Automatically adjusts based on your chart timeframe
🎨 Visual Enhancements

• Color-coded zones for instant market sentiment recognition
  
• Dashed middle line (50-level) for neutral zone identification
  
• Real-time zone display table showing current market state
  
• Customizable colors for all zones
  

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