Experiments with OBV

Blue line and pink are EMAS?

You are using Price Hi Lo breakout 15 Ribbon instead of Both(Price Hi-lo breakout and OBV Hi-lo breakout)

Small query-why choose 20EMA instead of 36EMA?

I also welcome members with there tweaks and add on to this OBV based trading

Once gain thanking Varun ji for introducing this concept to our forum !!!

I have done some experiments with 3min TF ,Just check below link for rules

BASIC RULES AND AFL..

Special thanks to vijkris and lone Wolfe for AFL's

Atleast go through the below link

you will understand every thing

http://www.traderji.com/members-discussion-forums/104285-experiments-obv.html

Thanks..
wanted to ask you, what basic price action concept i am missing?
Y there is no buy between 11.00 and 11.15?
low was below ema and after 3 or 4 bars there is a big green bar above 20ema...

couldn edit the pic, hope the question is clear.

Example 15 march bnf

Apply 1 st ..first opening candle confirms positive bias with OBV PDC..later it went below PDC but price has not cracked Play area !!! ..so expect surge in up side 9.45 candle moved along with OBV moved above PDC..still ribbon color is red ,but apply rule 3 and 4..

where is the buy ??

Buy was above 9.45 high with sl below 9.42 candle low First trade hit tsl at 12.03 candle !!!



check the rules for second trade

1. OBV-PDC is bullish

2.12.09 candle closed above 20 EMA (confirmation line) and ribbon color is green (bullish)