TA Challenge: OBV, forecast market moves & spot reversals 🤨?

Just moving into the practical.

Yosh ,

.

But 1st, u may wanna to add in this new OBV indicator by following the images guideline below +:

As u can see in P1, 10/6/2022, the OBV indicator show a downtrend.

Additional, the MACD orange line crossed below the blue line = indicate a downtrend too.

The next few days, it indeed is a drop in the price chart. However, it did not last that long .

In P2, 26/7/2022, the OBV indicator show an uptrend.

The MACD orange line is above the blue line = indicate an uptrend too.

This time round, the uptrend seem to last longer in the next few days ...

For P3, 27/6/2022, the OBV indicator show a downtrend & it seems that the downtrend continue to a lower level in the next few days...

On the other hands, the MACD orange line is above the blue line = indicate an uptrend .

Hence, the OBV indicator seem to respond faster than the MACD in this scenario but not that useful for short-term trader/investors as there is a very high chance that u will make a mistake or timed the market wrongly if u just follow the OBV indicator...

As for the MACD, it does not seem to be that accurate for the short-term in this scenario too... However for a longer period, it seem that it indeed show a bullish market ...

All in one, I don't think the OBV indicator work that well with the MACD indicator...

Also, I totally has no idea 💡what's going on with the OBV indicator... it does not look that reliable to me... Welp, maybe the slopes are not drastic enough or maybe I'd used it wrongly ?

Hence, rather than fully relying on the indicators, u should also...

I'm kinda curious if short-term traders/investors got use OBV as a guiding tool 🔧 so... :