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On the daily chart, the OBV graph is quite different if I use candlesticks vrs heikin ashi. Sometimes the OBV goes in different directions. Can you explain?
Thanks
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Candle sticks show the actual close. H-K calculates the close from the average of the four data points - open, high, low, close.
The HK close can differ in direction from the actual close, so the OBV calculations will be different.
I use Heikin Ashi as a display on my time charts sometimes, it just messes with your head if you ran a scan and then you look at the results using your HA chart and the indicators aren't where the scan said they were.