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MT4 OBV and Volumes Indicator

Member Since Jan 11, 2018  16 posts NeuroticTrades Dec 29 2019 at 00:30 (edited Dec 29 2019 at 00:32 )
Hi all

i have been doing some research and stumbled across the importance of OBV and Volumes (standard in MT4).

I noticed they tend to be used in stocks more but have seen applications where it is being used in Forex.

I currently have a OBV with a 13EMA over the top, set up on a weekly chart. I do have a Volumes indicator on as well. With the Volumes that is only going to give me a score in tick activity and i am only looking at a decrease or increase from previous?

I am still trying to understanding the technical importance of how these work but i do see some correlations in price action alignment with these indicators.

Please excuse my chart work - just tying to paint a picture.

Any ideas or suggestions or examples of this kind of thing in play would be great. Or if anyone can suggest someone to look up also.


Make Money Not Dreams

Member Since Mar 18, 2019  50 posts Adam Cantor (AdamCantor) Jan 16 at 12:33
what is OBV?


Member Since Jan 10, 2020  1 posts huncho (hunchodaniel) Jan 17 at 22:39
AdamCantor posted:
what is OBV?

you must be kidding

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