Strategies / Momentum / Volume Weighted OBV EMA Cross

Volume Weighted OBV EMA Cross

Builds an on-balance volume line that adds volume weighted by volume divided by the 3-period ATR. Goes long when its 6-period EMA crosses above its 24-period EMA and short when it crosses below, with a 3% stop-loss.

MomentumLong & shortSwingS&P 5001 hour

n/aProfit factor

1,855Net profit EUR

37.05%Win rate

2,251Trades

-1,392Max drawdown

0.82Avg trade

Best run of 3. S&P 500, 1 hour, spread 1, from run sweeps:2026-10-04-USA500-1h-opt.tsv:65.

Entry rules, long

No long position is open.

Entry rules, short

No short position is open.

Exit rules

A 3% stop-loss applies from the entry price.

Test conditions

Period	Up to 2026-10-04
Instrument	S&P 500, 1 hour
Spread	1 points
Starting capital	1,000,000
Costs	Spread only. Commissions and overnight financing are not included.
Bars	Up to 200,000 bars, fewer where the instrument has less history
Last tested	2026-10-07

Every run

Markets and timeframes tested

Market	Timeframe	PF	Trades	Win %	Net	Max DD
S&P 500Best run	1 hour	n/a	2,251	37.05	1,855 EUR	-1,392
Nasdaq 100	Daily	n/a	172	36.63	14,229 EUR	-5,922
DAX 40	4 hours	n/a	763	36.44	8,332 EUR	-6,330

Charts

Results by run

Net profitMax drawdown

The code

ProBuilder code, as tested

// ==============================================================
// Volume Weighted OBV EMA Cross
// ProRealAlgos Strategy Library  |  prorealalgos.com
// Type: Momentum
// Direction: Long & short
// Timeframe tested: 1 hour
// ==============================================================

DEFPARAM CumulateOrders = false

ONCE obv = 0

myAtr = AverageTrueRange[3](close)
chg = close - close[1]
step = 0

27 more lines: the entry and exit rules.

Setup

How to load it

Copy the code with the copy button on the code block.
In ProRealTime, open a chart of the instrument and timeframe you want to test, then open ProOrder > New trading system and choose "Create with programming".
Paste the code, give the system a name and save it.
Click "Backtest", set your own spread and position size, and run it before you consider trading it live.

Indicators used

EMAATRVolume

Read this firstKnown weaknesses2 points

No profit factor is available, because only sweep results exist for this strategy.
The maximum drawdown of 1,392 EUR is large next to the net profit of 1,855 EUR.

Questions

About this strategy

Can I run Volume Weighted OBV EMA Cross in ProOrder?

Yes. The code is ProBuilder and runs as an automated ProOrder system. Backtest it on your own account with your own spread and position size before trading it live.

Which markets was it tested on?

It was tested on 3 market and timeframe combinations. The best run by trade count was S&P 500, 1 hour, with 2,251 trades.

How large was the drawdown?

The best run had a maximum drawdown of 1,392 EUR at the tested position size, against a net result of 1,855 EUR.

Does it trade long, short or both?

It trades both long and short.

Reversal Pattern With Chaikin Volatility

Uses the same indicator.

2.26 PF · 6,872 trades

CCI Sign With EMA Alignment

Best run on the same market, S&P 500.

1.23 PF · 1,253 trades

ATR Momentum

Also a momentum strategy.

n/a PF · 15,021 trades

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Past backtest results do not guarantee future results. This is not financial advice. Curated and maintained by ProRealAlgos. ProRealTime™ is a trademark of ProRealTime SAS. prorealalgos.com Stats Docs