MB - Can you create a second pane below the price pan and paint a renco on the OBV? See if the pattern holds good considering both are green or both are red. You can create some rules.
Reversal came, was bussy with office work, so couldn't check it in RT, but by looks of things with proper brick setting one can make it nice positional trading system.
Yes this is where Dholak Trader will make money and Trend trade will perform Striptease. Reverse will happen when market trends. Anyways, the reason I mentioned that, a Swing Green up above the current upperline that you draw might also be a fake breakout. So wanted to point where the line should be.
MB - Can you create a second pane below the price pan and paint a renco on the OBV? See if the pattern holds good considering both are green or both are red. You can create some rules.
Possible like this. View attachment 22327
Plotting OBV and Renko both on same pane results in chart collapse, as both are operating on different values.
in plain language, volume of first candle is base, then according TF selected candle volume is added/subtracted from OBV value based on up candle or down candle.