If huge volume resulted in green candle, however small it is, indicates some thing cooking na?
even if price falls later, but obv will not fall as buy vol is greater...
I think the flaw which u mentioned makes it a leading indicator...
even if price falls later, but obv will not fall as buy vol is greater...
I think the flaw which u mentioned makes it a leading indicator...
Its just a perception that huge volume with green candle is signalling upward move. EOD it may or may not. We can see any number of chart example as u want - A green candle with huge volume - But day ending with huge downside.
I don't understand the point of leading indicator. pls give in detail.