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buy_and_sell_logic [2018/07/27 04:31]
sgtbatten [How different BUY strategy settings affect the PBL]
buy_and_sell_logic [2018/07/27 04:36] (current)
sgtbatten [How different BUY strategy settings affect the PBL]
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 OBV is an unbound number, so "​normal"​ is not definable. OBV values can be modeled on [[http://​www.TradingView.com|TradingView.com]] so that you can understand and determine your own "​good"​ values to use for this indicator. ​ OBV is an unbound number, so "​normal"​ is not definable. OBV values can be modeled on [[http://​www.TradingView.com|TradingView.com]] so that you can understand and determine your own "​good"​ values to use for this indicator. ​
  
-OBV is not a good stand alone indicator, and should be combined with other indicators like RSI, STOCH, STOCHRSI, etc. +OBV is not a good stand alone indicator, and should be combined with other indicators like RSI, STOCH, STOCHRSI, etc. 
 + 
 +On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days. It was one of the first indicators to measure positive and negative volume flow. Chartists can look for divergences between OBV and price to predict price movements or use OBV to confirm price trends. 
 + 
 +OBV for PT is calculated as the difference between the first volume amount captured (from OBV_length periods), and the signal candle (from OBV_signal),​ in percentage.  
 + 
 +In PT, only the past 500 candles of volume are available, so OBV_length must be less than 500 (499 max).  
 + 
  
  
  • buy_and_sell_logic.txt
  • Last modified: 5 months ago
  • by sgtbatten