Replies to post #30111 on MATRIX Penny Stocks

[Omnitrader]

tough qustion esignal does it play those tricks. I have noticed each website has it diffrent. I just stick with the champ esignal.

[Show The Light]

I do believe, OBV will not fluctuate on daily price movements. This indicator gives a long term based info.

But I just realized OBV values for the same time frames and for same stock, are different in Bigcharts and stockcharts.
Its confusing too.

OMNI, Can you please explain this?

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[Capitalist]

MacSusan,

I think the answer to this may be that OBV is constructed by using an arbitrary starting value, and BigCharts constructs the indicator from scratch on each chart. Notice on both of your charts that the OBV starts at zero.

Now the short term chart shows OBV at zero at it's beginning on the first day of January, 2003. But if you look at the longer term chart, you will see that the OBV is -0.5 on the first day of January 2003! This is because the OBV value is constructed in the context of SPECIFIC CHART that you're looking at.

Just a theory at this point. :)

Cap