Mohan ji !!!
Entire YTC is based on price chart using PDH,PDL,PDC, etc...
OBV PDC is working for intraday ...
Yes !! OBV got its own limitation with respective to Daily charts !!!
Entire YTC is based on price chart using PDH,PDL,PDC, etc...
OBV PDC is working for intraday ...
Yes !! OBV got its own limitation with respective to Daily charts !!!
I am just trying to understand the method that will be followed here.
Anyway, i must admit that i have predetermined views against these methods ( pdc, 2pdc) I don't believe that these will work consistently in every market condition.
Please note - this is not about OBV.
OBV has its limitations and that's a different thing.
This is about using a indicator ( obv in this case ) with rules such as 2 pdc, 3 pdc etc.
If you see 40% failure trades in OBV 2 pdc method - what would you conclude in this case ? Is this failure because of OBV limitations ?
Please understand the above failure is not only due to Limitations of OBV. It is due to the method followed ( 2pdc ).