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Worden Discussion Forum » Customer Training & Support » Ask a Trainer - TC2000 version 7 » Scanning for the angle of the OBV line in the past 1-2 days

Scanning for the angle of the OBV line in the past 1-2 days Rate this Topic:
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searay21
Posted : Saturday, May 19, 2007 10:13:56 PM
Registered User
Joined: 12/2/2006
Posts: 7
 Hi! I need an PCF to scan for OBVs and how they have done in the last 1-2 days. Specifically, I want to find the OBVs with the most upright (read vertical) or straight down angles for the OBV. I have noticed that the angle of the OBV line says a lot about how the price is going to move within a day or so after the OBV changes direction. Any chance that you all could help? Much appreciate your input! Thanks Mucho!

Colleen Rae
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Craig_S
Posted : Sunday, May 20, 2007 8:38:45 AM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
 The "angle" is meaningless. If you zoom in or out on a chart the "angle" changes.

How about a measure of the 2-day move as a percentage of the range?

Try sorting by this PCF:

100*(OBV1-OBV1.1)/(MAX(OBV1,50)-MIN(OBV1,50))

Try it in both ascending and descending order and see what comes to the top of your list.
- Craig
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