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RE: Confirmation signal of trend break using the On-Balance Volume Indicator (OBV)
Hi @lupafilotaxia
Yet another indicator I was not aware of, and from what I can see, it correlates quite well with price action.
What I would like to check is if it moves in tandem with the price or if it goes with a certain level of lag.
A few days ago I was testing one that actually proved effective in theory, but it had a considerable lag in relation to the price action and gave entry but very late.
Hello @josevas217
One of the advantages of the OBV indicator is that it moves along with the price action, more however, to filter you should use other indicators that lead us to confirm the entry and with that you can decrease the risks of losses.
Best regards, be well.