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Trend Alert Indicator

A simple trend following strategy which evaluates the 200 day moving average along with the asset’s volume. A signal is generated when the 200 day exponential moving average of the asset’s price crosses over the 200 day on balance volume.

On balance volume is an indicator which combines both the price and volume of the asset.

Buy script

Sell script

Additional notes

Traders can replace 200 with any other number to identify the respective crossover. OBV is a predefined function in the Tradescript.