My System - My trades.

[varunkochhar]

Arjun ji one thing that can help you is the daily range of OBV. Till the time we are within the previous day range, the underlying would be construed as sideways. (Something like an inside day in price). Once it breaks out from its previous days range you get nice trending moves. Extremist ji has made a range Hilighter AFL. Ask him to share it with you guys. You can break down the look back period to half a day or some other time frame. The PDC, 11,1, 2:30 lines do just that.

 

[kumudhan]

You all are my brothers ir-respective of cast creed colour religion and personal biases because we are all proud indians. Maa Tujhe Salaam. Vande Matram.

advanced independance day greeings ji.

 

[arjun.panda]

get ready for some action folks all emas are converging in 1 min chart...

 

[varunkochhar]

This is the time when the role of OBV gets ever more evident. The price may go up to trigger our sl's and making us go long but the OBV is cautioning us, in fact it is telling us to be ready for a divergence trade if the volumes do not follow thru.

 

[arjun.panda]

waiting for obv to breach pdc in 500t chart... currenly in short as per vk line ...

 

[varunkochhar]

Now what does the daily range of OBV signify. It signifies that probably there are the same number of people still in this counter. We need fresh entrants to take it up or down or else they would be playing the range.

 

[arjun.panda]

have been searching for the afl for daily range by extrimist sir...damn this thread is active...

 

[varunkochhar]

Took 50% off at 12 points. No ego.

 

[kumudhan]

PDC/CDO (Previous Day Close/Current Day Open)

_SECTION_BEGIN("OBV PDC or CDO");

ND = Day()!=Ref(Day(),-1);       
Ob = OBV();                           
pdc = ValueWhen(nd,Ref(Ob,-1));
cdo = ValueWhen(nd,Ob);

if( ParamToggle("OBV PDC ", "No|Yes", 1))   
Plot(pdc,"",colorRed,styleNoLabel|styleNoRescale|styleDashed);

if( ParamToggle("OBV CDO ", "No|Yes", 1))   
Plot(CDO,"",colorRed,styleNoLabel|styleNoRescale);

_SECTION_END();

Option is yours to choose from parameters...
hope this may save your time and may help some.

see if this is what you need ji.

 

[arjun.panda]

see if this is what you need ji.

Thanks but this aint it...i think...