Create Custom OBV MACD
We want to create a MACD kind of indicator but based on an OBV and a moving average of OBV
In Place of fast MA, we put OBV values
in place of slow MA, we place a moving average of OBV.
Indicator inputs would be
OBV applied price
Moving average period
Moving average price
Hello there, Greeting from India!
Sure this can be done with OBV. but for MACD, three averages are required. I understand that you have decided on the two inputs. But what about the third one? Do you not require the signal line?
Is it that you need only the MACD line without the signal line and the histogram?
Let me know your interest. Thanks