Indicator - OBVDI
Function - OBVDI
Category: Volume based > OBVDI
This is a new technique for identifying and quantifying on-balance volume disparity. The indicators appear to be effective in indicating market turning points, judging from the results of the simple systems devised.
This indicator is suitable for sophisticated, momentum-oriented investors.
Buy when the four-week simple moving average of OBVDI rises through the 0.85 or 0.95 level.
Sell when the moving average falls through the 0.95 level.
IF CHECKALERT THEN BEGIN
IF PLOT1 CROSSES ABOVE PLOT2 OR PLOT1 CROSSES BELOW PLOT2