Indicator

Refine OBV

5(12 Reviews)
500+ Downloads

Advanced On-Balance Volume measuring cumulative volume flow against an adaptive signal baseline. Highlights institutional order flow bias via volume clouds.

Free
Official MQL5 Market Telemetry
Refine OBV MQL5 Market Live Status
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Refine OBV

System Overview

Refine OBV advances Joe Granville's classic On-Balance Volume concept by visualizing institutional capital movement in real time.

It compares cumulative volume against an adaptive signal baseline, projecting the differential as a dynamic 'Volume Flow Cloud'.

This enables early detection of bullish/bearish divergences when price action is unsupported by underlying volume throughput.

How It Works?

Flow Spread Cloud

Green clouds signal net capital inflow (buyer dominance), while red clouds indicate aggressive institutional distribution (seller dominance).

Divergence Engine

Generates early reversal warnings when price makes a new high/low unsupported by cumulative volume expansion.

Smart Money Accumulation

Detects stealth institutional position building during flat consolidation phases prior to major breakouts.