How to set the MT4 OBV indicator as a double line

MetaTrader 4 (abbreviated as MT4), is a trading platform that provides trading in financial products such as Forex, CFDs, and markets.

MT4 itself does not do dealer business, but only provides trading platform services, similar to the domestic ** trading software platform, itself has no brokerage function, but MT4 is more international, can support more trading varieties and services of traders.

If you have any questions about the two-line setting of the OBV indicator, it is recommended to consult the official customer service of the platform.

On the main MT4 software page, click on the green cross icon in the top right corner – this icon selects the key for the technical analysis indicator.

Find "MACD" in "** Indicators" and click on it to set the MACD in the technical analysis bar at the bottom of the main page.

The OBV line has no parameters. However, you can set the average number of days of OBV, and you can show the average number of OBV days**, which is helpful to identify the trend of OBV.

2. When the stock price rises and the OBV line falls, it means that the buying order is weak and the stock price may fall. 3. When the stock price falls, the OBV line rises, indicating that the buying order is strong, and the stock price may stop falling and rise if you take over strong stocks on dips. 4. The OBV line rises slowly, indicating that the buying gas is gradually strengthened, which is a buying signal.

5. When the OBV line rises rapidly, it means that the strength will be exhausted as a sell signal. 6. The OBV line has a more standard display for the determination of the second peak of the double top, when the stock price rises again from the first peak of the double top, if the OBV line can rise synchronously with the stock price trend and the price and volume match, the market can continue to be bullish and appear higher. On the contrary, when the stock price rises again, the OBV line fails to synchronize and falls, a second peak may be formed, completing the double top pattern, resulting in a stock price reversal**.

7. When the OBV line turns from a positive accumulation to a negative number, it is a trend, and it should be sold and held. Conversely, when the OBV line turns from a negative accumulation to a positive one, you should buy**. 8. The biggest usefulness of the OBV line is to observe when it will break out of the market and the future trend after the breakthrough, and the direction of the OBV line is an important reference index, and its specific value has no practical significance.

The specific stock selection formula is as follows:

m:=30;

va:=if(close>ref(close,1),vol,-vol);

obv:=sum(if(close=ref(close,1),0,va),0);

maobv:=ma(obv,m);

Golden cross: cross(obv,maobv);

m:=30;

va:=if(close>ref(close,1),vol,-vol);

obv:=sum(if(close=ref(close,1),0,va),0);

maobv:=ma(obv,m);

Death fork: cross(maobv,obv);

What we often look at in ** is a huge database, which holds all the useful data since the beginning of **, such as **price**, most**, lowest price, opening price, etc. Investors who want to choose stocks can choose according to the trend, or they can design a formula through the function to find the stocks they want to choose according to their own requirements, and this formula is called the stock selection formula. If you want to find ** with a stock price less than the yuan, then you just need to set a formula:

c>；This is a simple stock selection formula.

1. Preparation of a simple conditional stock selection formula, which requires the selection of a stock selection formula that requires the selection of "stock price less than net assets per share". Enter the formula manager, create a conditional stock selection formula, and click the menu "Function → Expert System → Formula Manager" in turn to enter the formula manager interface.

2. Select the other types under the conditional stock selection formula in the tree list on the left, and click "New";

3. Enter the name of the formula and the description of the formula;

Fourth, click "Insert Function", select "**Price", click "OK", and the corresponding function will arrive in the area;

5. Click "Test Formula", if the test is passed, click the "OK" button to save the formula.

The algorithm of OBV is that if the line is positive, it is counted as a positive number, and if it is closed in the negative, it is counted as a negative number. Two meaningless, just to be a flat **. It's not set, you need to change the formula.

Simple programming is required, e.g. ma(obv,5) is the five-day balance of the obv**. But it really doesn't make sense.

Advance your article: Opportunities for OBV Divergence See how OBV is used. Search for yourself.

What do you mean? obv is a line, I don't know if you are talking about maobv, ** maobv: ma(obv,n); n is the time period, set by yourself.

Right-click on the OBV indicator, click Modify Formula, and copy **.

1. Open the Straight Flush software.

2. Enter "obv" to press enter.

3. In this way, the OBV indicator appears on the secondary chart!

: I advise you to go to the "Financial Review Network" to see the reviews of other shareholders after using this software, and decide whether to buy it or not.