OBV Screener Setup with Chartink: A Complete Guide
If you trade Indian stocks, Chartink is one of the most powerful free screening tools available. It allows you to build custom screeners using technical indicators—like On Balance Volume (OBV)—without writing code.
In this guide, you’ll learn exactly how to set up an OBV screener in Chartink to identify high-volume breakout or reversal setups.
Why Use OBV in Chartink?
- Find stocks with increasing volume momentum
- Identify potential breakouts confirmed by OBV
- Spot divergences or accumulation patterns
- Filter out low-volume and weak setups
Step-by-Step: OBV Screener Setup in Chartink
Step 1: Visit Chartink
Go to chartink.com and click on “Screener” at the top.
Step 2: Start a New Custom Screener
Click “Create Scan” and use the following condition builder.
Step 3: Add OBV Conditions
Example OBV Breakout Scan:
textCopyEditLatest OBV > OBV 1 day ago
AND
OBV 1 day ago > OBV 2 days ago
AND
Close > Previous Day High
AND
Volume > 20-day average volume
This will screen for:
- Stocks with rising OBV
- Price breakout above previous high
- Supported by strong volume
Step 4: (Optional) Add Filters
To narrow results, add:
- Price > 100 (to avoid penny stocks)
- Market cap or sector filters
- Timeframe: Daily or Weekly
Step 5: Save and Run the Scan
- Click “Run Scan”
- Name your screener (e.g., “OBV Breakout Stocks”)
- Bookmark or schedule it for daily use
Use Cases for OBV Screeners
- Breakout trading: OBV rising + price breakout
- Swing trading: OBV divergence on higher timeframes
- Intraday ideas: Combine with volume spikes and narrow range candles
Tips to Improve Accuracy
- Combine OBV with price action filters (support/resistance)
- Use RSI or MACD as additional confirmation
- Always check the chart visually before acting on screener results
Final Thoughts
Setting up an OBV screener in Chartink allows you to scan for high-probability trade setups without manual charting. It’s a huge time-saver for Indian traders looking to combine volume strength with price action.
Start with a basic screener, refine it based on your style, and use it daily for spotting smart-money-driven opportunities.
FAQs
1. Is OBV available in Chartink by default?
Yes, OBV is available in the built-in indicator list.
2. Can I use this screener for intraday trades?
Yes, but it’s more accurate on daily or weekly charts.
3. Do I need a paid account to run OBV scans?
No. You can run basic OBV screeners for free on Chartink.
4. Can I save and reuse my scan?
Yes. Once saved, you can edit, duplicate, or run it anytime.
5. Can I combine OBV with other indicators in the same scan?
Absolutely. Combine OBV with RSI, MACD, moving averages, and more.
