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MT4 OBV and Volumes Indicator
Dec 29, 2019 at 00:30
822 Views
2 Replies
Member Since Jan 11, 2018
16 posts
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.
Thanks,
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.
Thanks,
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Make Money Not Dreams
Member Since Mar 18, 2019
97 posts
Jan 16, 2020 at 12:33
what is OBV?
Member Since Jan 10, 2020
2 posts
Jan 17, 2020 at 22:39
AdamCantor posted:
what is OBV?
you must be kidding
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