Discussion about Renko : (from Varun's thread)

[novicetraders]

Now compare the classical OBV and my corrected OBV. The last short signal came at 1958. in classical OBV 1946.6 registers higher obv value than 1958, but my corrected obv value stays below 1958. Also notice
the long entry of classical OBV at 1948.05 and my corrected obv at 1937.

Nice, The corrected OBV reduces trades and keeps in trade for a long time reducing whips

 

[novicetraders]

Doss Ji

Have u modified OBV Ema cross or is it someother changes with Obv ?

 

[doss186]

Doss Ji

Have u modified OBV Ema cross or is it someother changes with Obv ?

No EMA but only modified obv with relation to close prices.

 

[vivek.civil17]

cool idea doss ji .
but there wont be change in 1 tick chart na betn OBVs . Am I right ????

 

[novicetraders]

No EMA but only modified obv with relation to close prices.

Doss ji

Please keep posting on this when u have time.. would help many here

 

[doss186]

In Fortis 162.45 is a pullback. We may expect the future to close higher next trading session.

 

[vivek.civil17]

doss ji
can I have futures Axis bank and Asian paints for today ???

 

[doss186]

doss ji
can I have futures Axis bank and Asian paints for today ???

Here are the charts of AxisBank and AsianPaint. As per observation you can go short with AxisBank and Keep long position in AsianPaint.

 

[vivek.civil17]

just for a curiosity asking - after having homework - the signal condition based on Donchain channel or bolllinger band it seems ... pls comment in that . as you said Original OBV giving many signals .

 

[doss186]

If Donchian channel or Bollinger band gives same signal as my chart, pls post a chart to crosscheck.