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On Balance Volume (OBV) Simplified

Features –

  • Superior than regular On Balance Volume Indicator.
  • The original OBV indicator indicator is a lagging indicator and can only be trusted with divergences. This OBV Simplified can be trusted with buying/shorting with basic oversold and overbought lines.
  • Trend Following. OBV largely helps in trend following so if you are a late entry trader you can still get a trade if the trend is strong enough with the help of OBV Simplified indicator.
  • Leverage traders must watch the conjunction of this indicators with other indicators in the suite to get a decent entry.
  • Divergences formed by this indicator has more than 80% accuracy each time on all time frames.

Specifications –

  • Overbought Line –
    • Color coded Red with a marked level of +1.
    • Whenever the main oscillator crosses above this Red Line, this should be your ideal Take Profit Levels on Longs.
    • Futures trade can validate a short entry by confirming it from the Scalp God and Extreme Bottom and Top Finder.
    • Ideal shorts work in Bearish markets, when you short the pumps after the OBV Simplified Indicator tops out above +1 level. Other ideal shorts are waiting for this indicator to make Bearish / Hidden Bearish Divergence on required time frame.
    • Always use Trailing Profits to maximize your accuracy and gains.
  • Oversold Line –
    • Color coded Red with a marked level of -1.
    • Whenever the main oscillator crosses below this Green Line, this should be your ideal Take Profit Levels on Shorts and Entry Long.
    • Futures trade can validate a Buy/Long entry by confirming it from the Scalp God and Extreme Bottom and Top Finder.
    • Best work in Bullish markets, when you Buy the Dips after the OBV Simplified Indicator bottoms below -1 level. Other ideal longs are waiting for this indicator to make Bullish / Hidden Bullish Divergence on required time frame.
    • Always use Trailing Profits to maximize your accuracy and gains.

Future Updates –

  • Auto Plot Divergences on the Indicator.
  • Know market Trend – Bullish or Bearish directly on the chart.
  • Entry and Take Profit Levels directly on the Chart.

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