Experiments with OBV

[wisp]

i really don't see any point in that expect your rigid opinion.

I am giving a factual picture of the indicator.

Why poopoo someone else's experience? VJAY bro said his opinion is based on his experience.

https://www.marketvolume.com/analysis/volume_intro.asp

 

[Vipul_84]

All good things end too early ! :thumb:

I'm just updating trades basing on 4 rules of entry which i updated at the start of the thread !! Stopping this from tomorrow..As rules are easy for adoption..Do your own backtesting

Todays trades

 

[Vipul_84]

XRay, Intra rules are clear. 4 simple rules can make life very peaceful. Thanks for this. Can you PLEASE put up one chart with Nifty and RF. How you use if for swing trades? Using daily time frame with RF would be ideal in my case. Looking for a chart and your past few trades so that those concepts are clear.

 

[VJAY]

Dear Xray bro,
Whats the base of your Ribbon in your chart...I think its not OBV

 

[wisp]

Dear Xray bro,
Whats the base of your Ribbon in your chart...I think its not OBV

Looks like Price ribbon, 15 for BNF and 60 for NF, not sure.

 

[vijkris]

Dear Xray bro,
Whats the base of your Ribbon in your chart...I think its not OBV

As far as I know, he z not using obv ribbon.. Its price bo/bd ribbon.
And very soon he will remove obv pane also..
as he needs only info that obv is above pdc or below thats it.. no other info from obv is needed to trade this simple method. :thumb:

 

[wisp]

Dear Xray bro,
Whats the base of your Ribbon in your chart...I think its not OBV

VJAY Bro,
I am not sure if you have seen these rules http://www.traderji.com/members-discussion-forums/104285-experiments-obv.html#post1213641

 

[XRAY27]

Dear Xray bro,
Whats the base of your Ribbon in your chart...I think its not OBV

Looks like Price ribbon, 15 for BNF and 60 for NF, not sure.

VJAY Bro,
I am not sure if you have seen these rules http://www.traderji.com/members-discussion-forums/104285-experiments-obv.html#post1213641

Every thing i have mentioned !! even people are not able to read just few posts .. guys go through them you will understand every thing !!!

http://www.traderji.com/advanced-trading-strategies/104291-experiments-obv.html#post1213912

 

[wisp]

Every thing i have mentioned !! even people are not able to read just few posts .. guys go through them you will understand every thing !!!

http://www.traderji.com/advanced-trading-strategies/104291-experiments-obv.html#post1213912

RULES :

1.Check the bias with PDC line in OBV.., if OBV is above it is bullish and if below bearish

2.Follow the price chart basing on the bias of OBV

3.React to price on important supports like PDC,PDH,PDL,2PDH,2PDL irrespective of price hi lo color

4.check play area before trading
__________________
-Rgds-
XRAY27

For what do we use price hi lo? Do you use the same price hi lo, i.e., 15 period for NF and BNF?

If price is reacting at PDC,PDH,PDL,2PDH,2PDL, but on the wrong side of EMA, do you still take the trade.

 

[XRAY27]

As far as I know, he z not using obv ribbon.. Its price bo/bd ribbon.
And very soon he will remove obv pane also..
as he needs only info that obv is above pdc or below thats it.. no other info from obv is needed to trade this simple method. :thumb:

:lol: trading with more then 5 condition is not good to ledger and health so made with 4