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 (OBV)
This indicator calculates and plots the standard On Balance Volume (OBV) in a separate chart pane.
GitHub stars2on the repository
Pine versionv6current
Lines of code26
Settings0inputs
LicenceNone stated
Last update9 months ago25 Jan 2026
Add It to Your TradingView Chart
- 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
On Balance Volume (OBV) tracks cumulative volume flow by adding volume on up bars and subtracting volume on down bars relative to the prior close. The indicator does not generate automated signals or use external input settings, providing a clean continuous yellow line suitable for tracking volume trends and divergences.
- Standard On Balance Volume calculation
- Separate pane line plot
- Handles missing data with zero-fill fallbacks
Details
Published by
mushroom-men-Trading on GitHub
Code credit
mihakralj, as written in the script's header
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.
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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