Discussion of article "Learn how to design a trading system by OBV"
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New article Learn how to design a trading system by OBV has been published:
This is a new article to continue our series for beginners about how to design a trading system based on some of the popular indicators. We will learn a new indicator that is On Balance Volume (OBV), and we will learn how we can use it and design a trading system based on it.
In this strategy, we need to know the direction of the OBV curve based on the current OBV value and the previous OBV value. So, for every tick, we need to check the current OBV and the previous OBV value and when the current value is greater than the previous, this will be a sign that the OBV is rising and vice versa, when the current value is less than the previous, this will be a sign that the OBV is declining.
The following is a step-by-step blueprint for this strategy to help us to design a trading system for it:
Author: Mohamed Abdelmaaboud