Indicator · Pine Script v6 · Own pane

On Balance Volume

by everget

This indicator plots TradingView's On Balance Volume in a separate pane.

View on GitHub

GitHub stars948on the repository
Pine versionv6current
Lines of code50
Settings5inputs
LicenceGPL-3.0
Last update10 days ago18 Oct 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

50 lines of Pine Script v6 from volume/on_balance_volume.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.

on_balance_volume.pine
// Copyright (c) 2018-present, Alex Orekhov (everget)
//@version=6
// On Balance Volume script may be freely distributed under the MIT license.
const string INDICATOR_SHORT_TITLE = 'OBV'
indicator('On Balance Volume', shorttitle = INDICATOR_SHORT_TITLE, format = format.volume, timeframe = '')

showSignal = input.bool(true, title = 'Show Signal Line')

enum MovingAverageType
    EMA = 'EMA'
    SMA = 'SMA'

signalType = input.enum(MovingAverageType.SMA, title = 'Signal Smoothing Type')

signalLength = input.int(21, minval = 1, title = 'Signal Smoothing Length')
highlightCrossovers = input.bool(false, title = 'Highlight Crossovers')
applyFilling = input.bool(true, title = 'Apply OBV/Signal Ribbon Filling')

//---

obv = ta.obv
obvSignalEma = ta.ema(obv, signalLength)
obvSignalSma = ta.sma(obv, signalLength)
signal = signalType == MovingAverageType.EMA ? obvSignalEma : obvSignalSma

const color bullishColor = #0ebb23
const color bearishColor = color.red
trendColor = obv > signal ? bullishColor : bearishColor

obvColor = applyFilling ? trendColor : #0094ff
signalColor = applyFilling ? trendColor : #ff6a00

obvPlot = plot(obv, title = INDICATOR_SHORT_TITLE, linewidth = 2, color = obvColor)
signalPlot = plot(showSignal ? signal : na, title = 'Signal', color = signalColor)

const color bullishFillColor = color.new(bullishColor, 85)
const color bearishFillColor = color.new(bearishColor, 85)
fillColor = applyFilling ? (obv > signal ? bullishFillColor : bearishFillColor) : #ffffff00
fill(obvPlot, signalPlot, color = fillColor)

plotshape(ta.crossover(obv, signal) and highlightCrossovers ? obv : na, title = 'Crossover Mark', location = location.absolute, style = shape.circle, size = size.tiny, color = color.green)
plotshape(ta.crossunder(obv, signal) and highlightCrossovers ? obv : na, title = 'Crossunder Mark', location = location.absolute, style = shape.circle, size = size.tiny, color = color.red)

bullishColorChangeAlert = trendColor[1] != bullishColor and trendColor == bullishColor
bearishColorChangeAlert = trendColor[1] != bearishColor and trendColor == bearishColor
anyColorChangeAlert = trendColor != trendColor[1]

alertcondition(bullishColorChangeAlert, title = 'Bullish Color Change', message = INDICATOR_SHORT_TITLE + ' - Bullish Color Change\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}')
alertcondition(bearishColorChangeAlert, title = 'Bearish Color Change', message = INDICATOR_SHORT_TITLE + ' - Bearish Color Change\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}')
alertcondition(anyColorChangeAlert, title = 'Any Color Change', message = INDICATOR_SHORT_TITLE + ' - Any Color Change\nSymbol: {{exchange}}:{{ticker}}\nPrice: {{close}}')

Overview

On Balance Volume optionally overlays an EMA or SMA signal line and colors both lines by whether OBV is above or below that signal. Users can change the smoothing type and length, hide the signal, fill the space between the lines, and mark crossovers and crossunders. Alert conditions fire when the bullish or bearish color changes. It does not place trades or define exits.

Details

Published by

everget on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Category

Volume

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.

Topics

pinepinescripttechnical-indicatorsindicatorsoscillatorbandsaveragetradingviewindicatormoving-average

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Show Signal LinebooltrueshowSignal
Signal Smoothing TypeenumMovingAverageType.SMAsignalType
Signal Smoothing Lengthint21signalLength
Highlight CrossoversboolfalsehighlightCrossovers
Apply OBV/Signal Ribbon FillingbooltrueapplyFilling
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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