Can someone explain the OBV line to me,I just looked up the Macd line but the OBV line is sort of confusing. Also if you are a trader which chart is the best 2 look at? Like the time table should I look at 1 month charts? I believe a buy signal on a 1 month chart is a lot stronger then a 1 min chart correct? So the longer the chart is the stronger the signals are?
A 1 month chart refers to each candle being 1 month, and I've never heard of a trader using that timeframe for signals. What chart you should be using depends on your style and the length of your trades. A scalper may use a 1 minute chart, where each candle is 1 min, and a swing trader may use a daily chart (1 candle = 1 day). Tinker around with things, you need to discover this stuff for yourself. I can tell you what I tend to trade off of, a daily chart, but that doesn't mean you should if that's not your style.