My System - My trades.

MB bro please share the LV on OBV AFL...

Here it is,

Plot( OBV(), _DEFAULT_NAME(), ParamColor("Color", colorCycle ), ParamStyle("Style") );



_SECTION_BEGIN("HiLo Vol N");



n=Day() != Ref(Day(), -1);



a=LowestSince(n,V);

hh=ValueWhen(V==a,OBV());

ll=ValueWhen(V==a,OBV());



Plot(hh,"\nLVhb",colorGreen,styleDots);

Plot(ll,"\nLVlb",colorred,styleDots);



_SECTION_END();

3min TF and in commodity LV bar is best respected then in F&O or stock...

Thanks to Varunji for giving such a wonderful concept which is unheard of :thumb:

And also to traderji for bringing all of us together and helping us learn from everyone :thumb::thumb::thumb:

Varun jis all systems are innovative be it OBV EMA overlay/ 15-30-60 Ribbons / now OBV with LV bar.
Great contribution by him to traderji.

On a lighter note, I think he should patent these systems ..!!

I beleive that OBV is like a fathfull dog and price is like a mistress (chanchal). The best in life can be got from a faithfull dog and a faithfull mistress (when both are in sync). I am sure i will get a lot of flak from my this comment. The big boys use price as a weapon to seduce people out of their positions. (Honey trap). But OBV is his master's faithfull companion. More often than not you cannot sway it away from his master.

You would have realised that inspite of my so many "SYSTEMS", we are just effectively trying to capture BO and BD.

The above method works very well on trending days where you get maximum juice out of the system.

sir,
what is that red ribbon line? and the green line that is apart from the vtop?
thanks

The green line is the LV bar OBV line. And the ribbons are based on 5/15 bars lowest/highest breaches.