To do list for this weekend:
1. Incorporate 5 min , 60 period obv as the 4th ribbon.
2. Put Sound/text alert for 1st method, 200 ema crossover.
3. Put sound/text alert when 3 ribbons show the same color.
4. Create scanner suggested by niftytaurus and another member. I forgot the conditions now.
5. Cepetrader's scalping strategy to be coded and tested.
Edit:
6. Try to create horizontal Sup/Res lines for naked obv trading.
This is what i remember. If I missed anything, kindly point it out.
Thanks.
5th and 6th are the toughest ones.
Sound alerts on ab are not very reliable . . . .
For visual charts . . . we can have all those ribbons (10s of them)
but human mind is not capable to process loads of information at one time . . .
so if we limit to say, 6 ribbons 3 each on price/OBV chart . . .
then what could be the ideal setup . . .
another distinction is that the breakout/down deals in number of bars/candles i.e Period
where as with the above/below 200 EMA method we are considering the time frame . . .
with AB all the higher TFs can be expanded to lower TF, but not vice versa . . .
not many using these ribbons will understand the above distinction and its limitation
but those who are wring code for it should take it into account . . . .
Thanks
Happy