TA Challenge: OBV, forecast market moves & spot reversals 🤨?
Just moving into the practical.
Short summary:
Yosh ,
.
But 1st, u may wanna to add in this new OBV indicator by following the images guideline below +:
Search OBV :
& tada ! U are good to go .
P1:
As u can see in P1, 10/6/2022, the OBV indicator show a downtrend.
Additional, the MACD orange line crossed below the blue line = indicate a downtrend too.
The next few days, it indeed is a drop in the price chart. However, it did not last that long .
P2 (Another scenario):
In P2, 26/7/2022, the OBV indicator show an uptrend.
The MACD orange line is above the blue line = indicate an uptrend too.
This time round, the uptrend seem to last longer in the next few days ...
P3 (A weird scenario):
For P3, 27/6/2022, the OBV indicator show a downtrend & it seems that the downtrend continue to a lower level in the next few days...
On the other hands, the MACD orange line is above the blue line = indicate an uptrend .
Hence, the OBV indicator seem to respond faster than the MACD in this scenario but not that useful for short-term trader/investors as there is a very high chance that u will make a mistake or timed the market wrongly if u just follow the OBV indicator...
As for the MACD, it does not seem to be that accurate for the short-term in this scenario too... However for a longer period, it seem that it indeed show a bullish market ...
All in one, I don't think the OBV indicator work that well with the MACD indicator...
Also, I totally has no idea 💡what's going on with the OBV indicator... it does not look that reliable to me... Welp, maybe the slopes are not drastic enough or maybe I'd used it wrongly ?
Extra informations:
Hence, rather than fully relying on the indicators, u should also...
DYODD before investing
Edited:
I'm kinda curious if short-term traders/investors got use OBV as a guiding tool 🔧 so... :
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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