📥 On Balance Volume Divergence Indicator to TradingView - Free Download - [TradingFinder]

The video presents the On Balance Volume (OBV) Divergence Indicator available for free download on the TradingFinder website and usable on TradingView. This indicator helps traders identify positive and negative volume divergences on price charts, which signal buying or selling pressure in the market.

Main Financial Strategies and Market Analysis:

• The OBV Divergence Indicator detects positive and negative volume imbalance divergences, which can highlight potential market reversals or continuations.
• It evaluates divergences based on their existence, continuity, quality, and phase change, helping traders assess the strength and reliability of signals.
• The indicator uses a phase change index to identify shifts between peaks or troughs, aiding in trend analysis.
• Traders can customize the indicator by adjusting the fractal period, which controls the sensitivity to trend length (higher values for longer trends, lower for shorter trends).

Methodology / Step-by-Step Guide:

• Access the indicator on TradingView by searching its name in the indicator section.
• Add it to favorites for easier access.
• Place the indicator on the chart to automatically detect and plot divergences.
• Observe the divergence table in the chart’s upper right corner, which shows:
  • Existence of divergences (positive sign if present)
  • Continuity and strength (based on consecutive occurrences: 1 = average, 2 = good, 3+ = strong)
  • phase change index indicating shifts between peaks/troughs.
• Adjust settings:
  • Set the fractal period to define trend length sensitivity.
  • Enable or disable the display of the divergence table and labels.
  • Confirm settings to apply changes.
• Use the indicator to identify buying and selling pressure based on volume and price movements.

Presenters / Sources:

• The tutorial is presented by TradingFinder (no individual presenter named).