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Re: frenchee post# 8239

Wednesday, 11/23/2022 12:24:38 PM

Wednesday, November 23, 2022 12:24:38 PM

Post# of 8308
Interesting...I track a modified OBV using a 10-dMA. That was designed to give quick response to OBV to better indicate tops and bottoms. I must admit I have never gone back and compared my version to signals that a regular OBV would produce. My version of OBV made a very strong move higher on 27 September. It pulled back from 31 Oct to 9 Nov. It has moved sharply higher since then and still looks bullish. Up-moves have been larger than down-moves over the last month (my Price indicator) and VIX is falling fast enough to give me a buy signal in VIX. Bottom line, right now my long-term ensemble (Price, Volume, VIX and Sentiment) is bullish, although Sentiment is currently neutral.

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