OBV FORMULA & DISTORTION

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #209541 quote
    renzocarioca
    Participant
    Junior

    Hi everyone,

    most charting platform include the OBV indicator. Usually it is calculated on the closing price. However at PRT you can have it calculated different ways.

    The enclosed chart shows 2 methods: in Blue line = Total (O+H+L+C)/4   and in Black the traditional OBV on the close

    you can play with the different ones but you will find big differences between them.

    does anyone has an opinion on which method is the most accurate or best?

    thank you

    Renzo

    obv-indicator.jpeg obv-indicator.jpeg obv-chart.jpg obv-chart.jpg
    #209589 quote
    Nicolas
    Keymaster
    Master

    OBV is a summation of Volumes based on real price is higher or lower than the yesterday real price. I mean real = official, so I bet the best is to use Close price.

    #209639 quote
    renzocarioca
    Participant
    Junior

    thank you,

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.

OBV FORMULA & DISTORTION


ProBuilder: Indicators & Custom Tools

New Reply
Author
Summary

This topic contains 2 replies,
has 2 voices, and was last updated by renzocarioca
3 years, 1 month ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 02/11/2023
Status: Active
Attachments: 2 files
Logo Logo
Loading...