OBV FORMULA & DISTORTION

renzocarioca · Sat, 11 Feb 2023 16:00:45 +0000

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

This topic has 2 replies, 2 voices, and was last updated 1 year ago by renzocarioca.

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02/11/2023 at 5:00 PM #209541

renzocarioca

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

renzocarioca
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02/13/2023 at 11:29 AM #209589

Nicolas

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.

Nicolas
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02/13/2023 at 8:07 PM #209639

renzocarioca

thank you,

renzocarioca
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