Indicator Series #2 The Best OBV Strategy

A quick post here about an excellent long term trading strategy using the OBV indicator.  In my experience there are very few leading indicators that can forecast a price move that are better than this tool.

Before I go into demonstrating this indicator you can't solely rely on it for all your needs but should be part of your toolkit to make an informed decision on your trading plan.

It will take you a few minutes to set this up on your chart and using the standard On Balance Volume indicator in TradingView with the default settings is fine. So let's get straight into the strategy.