This is the MACD
of a stochastic
OBV movement indicator. It is good (right) to work with both price and volume
. I've included highlighting based on price divergence. It works great on any time frame, but you need to have volume
data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), just publishing because of a request.
Version 2 - TA-Money-Flow-v2-Stochastic-OBV