Quote from: Wekkel on September 11, 2018, 04:51:25 PM

Interesting.

Where would BTC price be when hitting that yellow band?

It's difficult to say, since OBV is volume-based. It really depends on the whether the 1-day candles close green or red, and how large volume is on any given day. A nice, slow slide to $6,000 or sightly below might do it if bulls buy the dumps.......preferably it would hold above the last low to keep the bull case intact. This is the formula used to calculate the OBV:

Quote

The OBV is a running total of volume (positive and negative). There are three rules implemented when calculating the OBV. They are:

1. If today's closing price is higher than yesterday's closing price, then: Current OBV = Previous OBV + today's volume

2. If today's closing price is lower than yesterday's closing price, then: Current OBV = Previous OBV - today's volume

3. If today's closing price equals yesterday's closing price, then: Current OBV = Previous OBV