Obv with PPo Oscillator What is different in this indicator is : It has a combination of OBV with Price Oscillator and both are commonly have different movement in nature. If the price moves , but the Volume may not move simultaneously. In some cases , the Volume moves up but price still in lower levels only.
This indicator combine the action of
1) On Balance Volume and
2) Price Oscillator
The combination gives a clarity as the the movement of stock price is backed with the volume or not will be known for buying and selling decisions.
a) Volume advance before price movement gives the move is supported by the Volume
b) The Price movement in advance is supported by the volume or not will be known in advance
This indicator greatly helps with Index or Stock uptrend and down trend movements
1) the blue color is the Price Movement alert
2) the Orange color is the Volume movement alert
Индикатор Pine Script®






















