1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
AOBV - Archer On-Balance Volume (AOBV) computes two distinct smoothed lines—a fast period of 4 and a slow period of 14—using a warmup compensation algorithm to stabilize early historical bars. Both the fast and slow lines plot in a separate pane to display volume momentum and trend trajectory. Configurable settings include the price source and volume inputs.
Fast and slow exponential moving averages applied to OBV
Beta precomputation for early bar EMA warmup compensation
Configurable price source and volume inputs
Separate pane plot with fast and slow indicator lines
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
src
Volume
source
volume
vol
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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