by 
Calculates the standard Money Flow Index (MFI) oscillator alongside an exponential moving average signal line in a separate pane. The script visually highlights trend conditions through dynamic ribbon filling, optional difference histogram bars, and overbought
Indicator · Pine Script v6 · Own pane
On-Balance Volume
A Pine v6 indicator in a separate pane that plots On-Balance Volume, a running total that adds a bar's volume when the close rises and subtracts it when the close falls.
GitHub stars1on the repository
Pine versionv6current
Lines of code23
Settings2inputs
LicenceMIT
Last update2 weeks ago10 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
23 lines of Pine Script v6 from indicators/on-balance-volume.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=6
indicator("On-Balance Volume", "OBV", overlay = false, format = format.volume, timeframe = "", timeframe_gaps = true)
smoothingType = input.string("SMA", "Method", options = ["SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA"], group = "Smoothing")
smoothingLength = input.int(5, "Length", minval = 1, maxval = 100, group = "Smoothing")
movingAverage(values, length, maType) =>
switch maType
"SMA" => ta.sma(values, length)
"EMA" => ta.ema(values, length)
"SMMA (RMA)" => ta.rma(values, length)
"WMA" => ta.wma(values, length)
"VWMA" => ta.vwma(values, length)
var cumulativeVolume = 0.0
cumulativeVolume += nz(volume)
if barstate.islast and cumulativeVolume == 0
runtime.error("No volume is provided by the data vendor.")
obv = ta.cum(math.sign(ta.change(close)) * volume)
plot(obv, "On-Balance Volume", #0091ff)
plot(movingAverage(obv, smoothingLength, smoothingType), "Smoothing Line", #f37f20, display = display.none)
Overview
A smoothing line can be built from SMA, EMA, SMMA, WMA or VWMA with an adjustable length, though it is hidden by default. The script stops with an error if the data vendor supplies no volume. It generates no buy or sell signals of its own.
- Cumulative On-Balance Volume line
- Optional smoothing line with five moving average types
- Adjustable smoothing length
- Error message when no volume data exists
Details
Published by
AkashSasikumar47 on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Repository
Topics
pine-scriptpinescript-v6technical-analysistrading-indicatorstradingview
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Method | string | SMA | smoothingType |
| Length | int | 5 | smoothingLength |
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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