OBV Divergences

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © tista

//@version=4
study(title="OBV Divergences", format=format.price)

lbR = input(title="Pivot Lookback Right", defval=5)
lbL = input(title="Pivot Lookback Left", defval=5)
rangeUpper = input(title="Max of Lookback Range", defval=60)
rangeLower = input(title="Min of Lookback Range", defval=5)
plotBull = input(title="Plot Bullish", defval=true)
plotHiddenBull = input(title="Plot Hidden Bullish", defval=false)
plotBear = input(title="Plot Bearish", defval=true)
plotHiddenBear = input(title="Plot Hidden Bearish", defval=false)

bearColor = color.red
bullColor = color.green
hiddenBullColor = color.green
hiddenBearColor = color.red
textColor = color.white
noneColor = color.new(color.white, 100)

new_volume = close > close[1] ? volume : close[1] > close ? -volume : 0
osc = cum(new_volume)

plot(osc, title="OBV", linewidth=2, color=color.yellow)

plFound = na(pivotlow(osc, lbL, lbR)) ? false : true
phFound = na(pivothigh(osc, lbL, lbR)) ? false : true

_inRange(cond) =>
    bars = barssince(cond == true)
    rangeLower <= bars and bars <= rangeUpper

//------------------------------------------------------------------------------
// Regular Bullish

// Osc: Higher Low
oscHL = osc[lbR] > valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1])

// Price: Lower Low
priceLL = low[lbR] < valuewhen(plFound, low[lbR], 1)

bullCond = plotBull and priceLL and oscHL and plFound

plot(
     plFound ? osc[lbR] : na,
     offset=-lbR,
     title="Regular Bullish",
     linewidth=2,
     color=(bullCond ? bullColor : noneColor),
     transp=0
     )

plotshape(
     bullCond ? osc[lbR] : na,
     offset=-lbR,
     title="Regular Bullish Label",
     text=" Bull ",
     style=shape.labelup,
     location=location.absolute,
     color=bullColor,
     textcolor=textColor,
     transp=0
     )

alertcondition(bullCond, title="Regular bullish divergence in OBV found", message="Check charts for a regular bullish divergence found with OBV")

//------------------------------------------------------------------------------
// Hidden Bullish

// Osc: Lower Low
oscLL = osc[lbR] < valuewhen(plFound, osc[lbR], 1) and _inRange(plFound[1])

// Price: Higher Low
priceHL = low[lbR] > valuewhen(plFound, low[lbR], 1)

hiddenBullCond = plotHiddenBull and priceHL and oscLL and plFound

plot(
     plFound ? osc[lbR] : na,
     offset=-lbR,
     title="Hidden Bullish",
     linewidth=2,
     color=(hiddenBullCond ? hiddenBullColor : noneColor),
     transp=0
     )

plotshape(
     hiddenBullCond ? osc[lbR] : na,
     offset=-lbR,
     title="Hidden Bullish Label",
     text=" H Bull ",
     style=shape.labelup,
     location=location.absolute,
     color=bullColor,
     textcolor=textColor,
     transp=0
     )

alertcondition(hiddenBullCond, title="Hidden bullish divergence in OBV found", message="Check charts for a hidden bullish divergence found with OBV")

//------------------------------------------------------------------------------
// Regular Bearish

// Osc: Lower High
oscLH = osc[lbR] < valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1])

// Price: Higher High
priceHH = high[lbR] > valuewhen(phFound, high[lbR], 1)

bearCond = plotBear and priceHH and oscLH and phFound

plot(
     phFound ? osc[lbR] : na,
     offset=-lbR,
     title="Regular Bearish",
     linewidth=2,
     color=(bearCond ? bearColor : noneColor),
     transp=0
     )

plotshape(
     bearCond ? osc[lbR] : na,
     offset=-lbR,
     title="Regular Bearish Label",
     text=" Bear ",
     style=shape.labeldown,
     location=location.absolute,
     color=bearColor,
     textcolor=textColor,
     transp=0
     )

alertcondition(bearCond, title="Regular bearish divergence in OBV found", message="Check charts for a regular bearish divergence found with OBV")

//------------------------------------------------------------------------------
// Hidden Bearish

// Osc: Higher High
oscHH = osc[lbR] > valuewhen(phFound, osc[lbR], 1) and _inRange(phFound[1])

// Price: Lower High
priceLH = high[lbR] < valuewhen(phFound, high[lbR], 1)

hiddenBearCond = plotHiddenBear and priceLH and oscHH and phFound

plot(
     phFound ? osc[lbR] : na,
     offset=-lbR,
     title="Hidden Bearish",
     linewidth=2,
     color=(hiddenBearCond ? hiddenBearColor : noneColor),
     transp=0
     )

plotshape(
     hiddenBearCond ? osc[lbR] : na,
     offset=-lbR,
     title="Hidden Bearish Label",
     text=" H Bear ",
     style=shape.labeldown,
     location=location.absolute,
     color=bearColor,
     textcolor=textColor,
     transp=0
     )

alertcondition(hiddenBearCond, title="Hidden bearish divergence in OBV found", message="Check charts for a hidden bearish divergence found with OBV")