TA Challenge: OBV, forecast market moves & spot reversals 🤨?
Just moving into the practical.
Short summary:
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image%2F101642595%2F2538598cb77939ba94246dc508fca0fd.png/bigmoo)
Yosh
,
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/4331fca63f2d3742b966ed628d7f86ea.jpg/bigmoo)
But 1st, u may wanna to add in this new OBV indicator by following the images guideline below
+
:
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/844fec58e97a341893493f314589fcf7.jpg/bigmoo)
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/38758ba463bd3906bf7942d87dfb20b4.jpg/bigmoo)
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/fa9cde1a214234c8a9e3006d4b5ce64e.jpg/bigmoo)
Search OBV
:
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/e1a9192973ac384eb278a1d5c67fa375.jpg/bigmoo)
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/d07fa6914de5333088f6fc6efdcc2703.jpg/bigmoo)
& tada
! U are good to go
.
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/dd8693fb10433158be94db03776108d4.jpg/bigmoo)
P1:
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/26090a74f2263a8880528e344258a360.jpg/bigmoo)
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):
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/b8fadc13d89e3da4b85c258f1823245b.jpg/bigmoo)
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):
![TA Challenge: OBV, forecast market moves & spot reversals 🤨?](https://sgsnsimg.moomoo.com/feed_image/101642595/ee64cb8df19f3b56a84141c34419cba8.jpg/bigmoo)
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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