Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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To: Dr. Stoxx who wrote (17966)	5/11/2001 8:24:12 PM
From: Dr. Stoxx	Read Replies (1) of 39683

KennyA-OBV Signal (revised) Long: draw TL over tops of a downsloping or flat OBV indicator and enter on a bullish break above the TL (exit when the newly established bullish TL is violated) Short: draw TL under bottoms of an upsloping or flat OBV indicator and enter on a bearish break (exit when the newly established bearish TL is violated) Try it on any timeframe...it is a consistent winner!! -(edit: words from the Master himself!): I would also add that the TL doesn't have to be a lengthy one. The more volatile the market is, the shorter the time span for these TL signals. OTOH, if the market is flat, these signals usually draw out, and often give false signals. That's the time we need confirmations from other indicators. The best OBV signals come from nonconformations with price (price making lower lows and OBV failing to confirm, then giving a TL break for a buy... vice versa for a sell). Ken Try it on any timeframe...it is a consistent winner!! TC TC

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