• : Definedge Team

OBV is On-Balance-Volume indicator introduced by Joseph Granville.

We can plot the OBV indicator on a price chart as shown below.


OBV

OBV is a good indicator to analyse the price and volume trend. We can also plot it in P&F, Renko, Line-break etc charting format. So, instead of price, we can plot price + volume noiseless chart. 

Below are the steps to be followed in TradePoint to do that.

You can import OHLCV data of any scrip in csv format in TradePoint to plot the chart. We extend same feature to plot chart of OBV or any other indicator for that matter from TradePoint itself. 

Go to Options -> Manage Data -> My Market


OBV

Select the date format and save.

OBV

Once you save this, MyMkt folder will get created in your TradePoint folder.  Click here to know more about importing files in TradePoint. 

Open candlestick chart and plot OBV indicator. Right click in the indicator area and click on Export CSV. 


OBV

Type the file name and save data in MyMkt folder in TradePoint folder.

OBV

Open P&F chart. Select Market as MyMkt and select the scrip and other parameters.

OBV

OBV P&F chart will appear. 

OBV

Open Renko chart tab and select MyMkt to open Renko chart of OBV indicator. 

OBV

OBV