OPEN-SOURCE SCRIPT

PSX OBV Divergence Labels (1D)

279
PSX OBV Divergence Labels (1D)

This indicator highlights bullish and bearish OBV (On-Balance Volume) divergences on the price chart, specifically designed for daily timeframe swing trading in PSX (Pakistan Stock Exchange) stocks.

🟢 Green triangle (Bullish Divergence) appears when price makes a new low but OBV does not — suggesting accumulation and potential reversal.

🔴 Red triangle (Bearish Divergence) appears when price makes a new high but OBV does not — indicating weakening momentum and possible distribution.

Volume spike filtering is included to increase reliability. No trade signals or exits — this is a pure visual divergence tool to support manual decision-making. Ideal for spotting shifts in volume pressure ahead of price reversals.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.