OBV Divergence Indicator
OBV Divergence Indicator generation III is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.
MT4 Indicator OBV-Div indicates fractal divergence by On Balance Volume indicator.When divergence appears between OBV and the price, it indicates a high probability that the current trend will finish soon. A signal to buy is when a new Low-fractal is formed below the previous one and a corresponding OBV value is higher than the previous one. A signal to sell is when a new Up-fractal is formed above the previous one and a corresponding OBV value is lower than the previous value. The indicator has a lot of customizable settings.