VolumeMetaTrader 5 • MQL5

OBV Divergence Indicator for MetaTrader 5

On Balance Volume with divergence detection and alerts

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About This Indicator

On Balance Volume (OBV) tracks cumulative buying and selling pressure by adding volume on up days and subtracting on down days. This indicator adds divergence detection alerting when price and OBV disagree, revealing hidden accumulation or distribution.

Key Features

  • OBV line with EMA overlay
  • Automatic divergence detection
  • Alert on OBV divergence with price
  • Color change when OBV crosses its EMA
  • Histogram showing OBV momentum

Frequently Asked Questions

What is On Balance Volume?

OBV adds volume to a cumulative total on up days and subtracts on down days, measuring buying and selling pressure over time.

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