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Dick,
there is no comparison between C and OBV().
The relation OBV()>C actually behaves like OBV()>0.
450,000,000>15 is practically the same with 450,000,000>0
if we speak for a recent CSCO example.
As for your question, see some preliminary ideas at Price vs Volume
above message.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "drlblast" <hoierman@xxxx> wrote:
> Dear Udo, Tomasz,Dimitris et all:
> Thanks for your help with the formula. It works! Although OBV is
> primarily a volume indicator price does play an important part. It
is
> a leading indicator base on a running total of volume, whereas MACD
is
> wholly dependent on price. OBV rises or falls each day depending on
> whether the price closes higher or lower than the previous day. If
> higher its volume is added – indicating the Bulls are in charge; if
> lower, volume is subtracted from OBV indicating Bears won the day.
> I've always found it a dependable indicator so thought I would
> experiment with this formula. Thanks again for your help and
thoughts.
>
> Dick H.
>
> PS: Dimitris says "Perhaps you need something else for OBV()" any
> suggestions?
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