Trading with OBV - for Beginners only !!

[Aman1]

aja,
He has no password only a freepass to parallel world.:lol:

 

[mohan.sic]

:lol:


Just a small summary of that. To determine bias we should look for last 2 day's pdc line. If today pdc is greater than yday pdc then long bias for whole day today.


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You mean if today OBV line is greater than previous day close (obv) ?

and on what time frame to be used.

 

[wisp]

:lol:


Just a small summary of that. To determine bias we should look for last 2 day's pdc line. If today pdc is greater than yday pdc then long bias for whole day today.


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You mean if today OBV line is greater than previous day close (obv) ?

and on what time frame to be used.

I think vijkris is talking about only PDC. so if today PDC is above yesterday PDC bias is long. So wait for OBV through the day to come in line with bias and take trade.

 

[mohan.sic]

I think vijkris is talking about only PDC. so if today PDC is above yesterday PDC bias is long. So wait for OBV through the day to come in line with bias and take trade.

yesterday pdc means - yesterdays close

what is today PDC.

How can today have previous day close.

It should be either -
1) cmp > pdc ( close )
2) current obv > pdc ( obv )

vijkris,

Is it based on - Current day and yesterdays data OR Current day, yesterday, & Day before yesterdays data

 

[vijkris]

I think vijkris is talking about only PDC. so if today PDC is above yesterday PDC bias is long. So wait for OBV through the day to come in line with bias and take trade.

Yes, the basic concept is pdc line only. 2 horizontal lines comparison. The zig zag obv line is not in picture. 1tf only.

To take trades wait for price to show the same direction.

 

[kumudhan]

yesterday pdc means - yesterdays close

what is today PDC.

How can today have previous day close.

It should be either -
1) cmp > pdc ( close )
2) current obv > pdc ( obv )

vijkris,

Is it based on - Current day and yesterdays data OR Current day, yesterday, & Day before yesterdays data

Today pdc means yesterday close.yesterday pdc means day before yesterday close...

 

[wisp]

Today pdc means yeterdat close.yesterdsy pdc means day before yesterday close...

PDC=OBV PDC line

today pdc line is from yesterday obv close drawn on today's chart, correct vijkris?

PS : I am not using obv.

 

[mohan.sic]

Today pdc means yesterday close.yesterday pdc means day before yesterday close...

Let vijkris confirm , if the data in picture should be 2 days or 3 days.

 

[vijkris]

Pdc is yday 3.30 or 11.30 pm obv value. This is today'S pdc. As u draw it in today'S OBV pane.
Yday pdc is the same line which was drawn yday ,

 

[vijkris]

Let vijkris confirm , if the data in picture should be 2 days or 3 days.

Kumudhan ji also understood, i think.
Line drawn today 1st may is based on yday, 30 april close value. And line drawn yesterday was based on 29 april close value.
So u have 2 horizontal lines.