BB OBV Trading Guide

The BB OBV is a quantitative technical analysis tool. BB OBV (Bollinger Bands On Balance Volume) OBV with Bollinger Bands, dual EMAs and scaled price overlay Fixes applied:

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• BB Length (bbLength): Controls the calculation period and sensitivity for market detection.
• BB StdDev (bbMult): Controls the calculation period and sensitivity for market detection.
• EMA 1 Length (ema1Length): Controls the calculation period and sensitivity for market detection.
• EMA 2 Length (ema2Length): Controls the calculation period and sensitivity for market detection.
• OBV (obv): Controls the calculation period and sensitivity for market detection.
• BB Upper (upper): Controls the calculation period and sensitivity for market detection.
• BB Lower (lower): Controls the calculation period and sensitivity for market detection.
• BB Basis (basis): Controls the calculation period and sensitivity for market detection.
• EMA 1 (ema1): Controls the calculation period and sensitivity for market detection.
• EMA 2 (ema2): Controls the calculation period and sensitivity for market detection.
• Scaled Price (price): Controls the calculation period and sensitivity for market detection.
• OBV (obv): Controls the calculation period and sensitivity for market detection.
• Scaled Price (price): Controls the calculation period and sensitivity for market detection.
• BB Upper (upper): Controls the calculation period and sensitivity for market detection.
• BB Lower (lower): Controls the calculation period and sensitivity for market detection.
• BB Basis (basis): Controls the calculation period and sensitivity for market detection.
• EMA 1 (Fast) (ema1): Controls the calculation period and sensitivity for market detection.
• EMA 2 (Slow) (ema2): Controls the calculation period and sensitivity for market detection.
• OBV ↔ Price Cross (LONG/SHORT) (obv_cross_price): Controls the calculation period and sensitivity for market detection.
• OBV vs Upper Band (obv_vs_upper): Controls the calculation period and sensitivity for market detection.
• OBV vs Lower Band (obv_vs_lower): Controls the calculation period and sensitivity for market detection.
• OBV vs Basis (obv_vs_basis): Controls the calculation period and sensitivity for market detection.
• EMA1 ↔ EMA2 Cross (ema1_cross_ema2): Controls the calculation period and sensitivity for market detection.
• OBV vs EMA1 (obv_vs_ema1): Controls the calculation period and sensitivity for market detection.
• OBV vs EMA2 (obv_vs_ema2): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• buySignal - Fires when a bullish market condition is confirmed.
• sellSignal - Fires when a bearish market condition is confirmed.
• signalDir - Outputs 1 for bullish, -1 for bearish, and 0 when neutral.

2. Filters and Trade Levels

• bbLength - BB Length value used for structural qualification or thresholds.
• bbMult - BB StdDev value used for structural qualification or thresholds.
• ema1Length - EMA 1 Length value used for structural qualification or thresholds.
• ema2Length - EMA 2 Length value used for structural qualification or thresholds.
• obv - OBV value used for structural qualification or thresholds.
• upper - BB Upper value used for structural qualification or thresholds.
• lower - BB Lower value used for structural qualification or thresholds.
• basis - BB Basis value used for structural qualification or thresholds.
• ema1 - EMA 1 value used for structural qualification or thresholds.
• ema2 - EMA 2 value used for structural qualification or thresholds.
• price - Scaled Price value used for structural qualification or thresholds.
• obv - OBV value used for structural qualification or thresholds.
• price - Scaled Price value used for structural qualification or thresholds.
• upper - BB Upper value used for structural qualification or thresholds.
• lower - BB Lower value used for structural qualification or thresholds.
• basis - BB Basis value used for structural qualification or thresholds.
• ema1 - EMA 1 (Fast) value used for structural qualification or thresholds.
• ema2 - EMA 2 (Slow) value used for structural qualification or thresholds.
• obv_cross_price - OBV ↔ Price Cross (LONG/SHORT) value used for structural qualification or thresholds.
• obv_vs_upper - OBV vs Upper Band value used for structural qualification or thresholds.
• obv_vs_lower - OBV vs Lower Band value used for structural qualification or thresholds.
• obv_vs_basis - OBV vs Basis value used for structural qualification or thresholds.
• ema1_cross_ema2 - EMA1 ↔ EMA2 Cross value used for structural qualification or thresholds.
• obv_vs_ema1 - OBV vs EMA1 value used for structural qualification or thresholds.
• obv_vs_ema2 - OBV vs EMA2 value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.