Is Cumulative Delta similar to OBV?

Discussion in 'Technical Analysis' started by heispark, Jul 14, 2019.

  1. heispark

    heispark

    I guess they are more or less similar in 5 min or higher TF charts. Am I correct? Can anyone post a quick comparison screenshot for me? I am interested in divergence between price and cumulative delta. Since Thinkorswim doesn't support cumulative delta, I am considering using OBV instead.
    Thanks!
     
  2. heispark

    heispark

    A
    As far as I know, TDA's data feed has limited tick data and therefore cannot accurately represent cumulative delta volume information.......
     
  3. patrickrooney

    patrickrooney Sponsor

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  4. heispark

    heispark

  5. patrickrooney

    patrickrooney Sponsor

    Yep. A bit smoother. Here's TT CVD and OBV on one chart.
    smoother.png
     
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  6. heispark

    heispark

    Thank you again for the screenshot. When I applied 3 period of EMA to OBV for smoothing, it looks better....
    2019-07-16_08-55-50.png
     
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