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OBV is a simple volume indicator: if close is above previous close,
volume is added to cum volume, if close is below, volume is deducted, if
close is unchanged, previous cum is carried forward. I use it to find
large divergences over 20-50 bars e.g. price is unch but OBV is higher
is early sign of accumulation. I've used it in all time frames from 1
minute up. Often there is no message in OBV so I ignore it.
Earl
----- Original Message -----
From: "Eliot Kaplan" <eliot@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 25, 2000 7:08 AM
Subject: [RT] Re: Bear Flag Breakout (2)
>
>
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > Reply-To: eadamy@xxxxxxxxxx
> > Date: Wed, 24 May 2000 21:08:07 -0600
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Subject: [RT] Fw: Bear Flag Breakout (2)
> >
> > OOH, a simple OBV study run on futures tick volume can provide
rather useful
> > information for intraday trading, bonds included.
>
> Earl,
>
> Could you elaborate on this statement and OBV in general. I recognize
the
> value in volume analysis, and I have read many posts where you refer
to OBV,
> which I know very little about.
>
> Do you believe this type of study would be useful to an S&P intraday
trader,
> given the S&Ps rather unique (read: volatile and not so perfectly
trending)
> character?
>
> Thanks!
>
> Eliot
>
>
>
> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
>
>
>
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