OnBalanceVolume (OBV) with Moving Averages for ThinkorSwim

BenTen

Administrative
Staff
VIP
This indicator consists of the On Balance Volume (OBV) indicator along with two custom moving averages of the standard OBV. It was shared by Ken Rose (@KRose_TDA).



thinkScript Code

Code:
#Follow @KRose_TDA on twitter for updates to this and other scripts
#this script provides 2 moving averages of the study chosen
#default study in OnBalanceVolume Volume
declare lower;
#place the study desired after reference in the line below you must include the brackets "()"
#Initial study is OnBalanceVolume
plot MyStudy = reference OnBalanceVolume();
MyStudy.SetDefaultColor(GetColor(4));

input Moving_Averge_One_Length = 20;
input Moving_Averge_Two_Length = 50;
Input Line_Weight_MyStudy = 4;
Input Line_Weight_Moving_Average_One = 3;
Input Line_Weight_Moving_Average_Two = 3;
MyStudy.setlineWeight(Line_Weight_MyStudy);
plot MaOne = Average(mystudy, Moving_Averge_One_Length);
MaOne.SetDefaultColor(GetColor(6));
MaOne.setlineWeight(Line_Weight_Moving_Average_One);
Plot MaTwo = Average(mystudy, Moving_Averge_Two_Length);
MaTwo.SetDefaultColor(GetColor(8));
MaTwo.setlineWeight(Line_Weight_Moving_Average_Two);

Shareable Link

https://tos.mx/nLH4MUi
Before using this, be sure to watch the following video, so you get an understanding of how it works.

 

rudytrevino

New member
Hi, I am not able to get on TOS platform a moving average indicator to another indicator like the advance/decline line to NYSE, or on balance volume indicator. Is any one able to help? thanks!
 

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