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OBV Breakout Screener (By Tarso)

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1. Purpose of the Indicator
The "Advanced OBV Breakout Screener" is a specialized tool designed to find a powerful bullish signal. It scans for assets where buying pressure is increasing significantly, even though the price has not yet broken out.

The core strategy is to identify assets where:

Volume is leading Price: The On-Balance Volume (OBV) has already broken its recent high.

Price is still contained: The asset's price has not yet broken its recent high.

This setup helps you find potential trading opportunities right before a possible upward move.

2. How to Set Up the Indicator
First, you need to add the script to your TradingView account.

Open any chart on TradingView.

Click on the "Pine Editor" tab at the bottom of the screen.

Delete any existing code and paste the entire "Advanced OBV Breakout Screener" script into the editor.

Click "Add to chart". The indicator will now appear in a separate panel below your main price chart.

3. How to Use it with the Pine Screener (Step-by-Step)
This is the main purpose of the indicator. The script does all the complex analysis and provides a simple "1" (Signal is ON) or "0" (Signal is OFF). You only need to set up one filter.

Open the Stock Screener (or Crypto/Forex Screener).

Click the Filters button to open the settings panel.

Ensure you are on the Pine Screener tab (this allows you to filter using custom indicators).

In the indicator selection menu (it might say "Select Indicator..."), find and choose Advanced OBV Breakout Screener from your list.

Now, configure the single filter condition as follows:

In the first box, select Advanced Breakout Signal.

In the second box, select Equal to.

In the third box, select Number and type 1.

Your filter setup should look clean and simple, like this:

That's it! The screener will now display a list of all assets that currently meet the "Advanced Breakout" criteria for the timeframe you have selected (e.g., Daily, 4h, 1h).

4. Configuring the Lookback Period
By default, the indicator analyzes the last 20 periods. If you want to change this (for example, to scan for breakouts over 50 days), you must adjust it in the indicator's settings on your chart.

Go back to your chart view.

Find the "Advanced OBV Breakout Screener" panel.

Click the Settings icon (⚙️) next to the indicator's name.

In the "Inputs" tab, change the "Lookback Period (days)" to your desired value.

Click "OK".

The Pine Screener will automatically use this new setting for its market scan.

5. Understanding the On-Chart Visuals
When you add the indicator to your chart, you will see:

Blue Line: This is the On-Balance Volume (OBV).

Red Stepped Line: This represents the highest value the OBV has reached during the lookback period. A breakout happens when the blue line moves above this red line.

Green Triangle (▲): This symbol appears below a price candle whenever the full "Advanced Breakout" condition (OBV breakout + Price containment) is met, giving you a clear visual confirmation.
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Atualization

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.