Friday 29 May 2015
Understanding ON BALANCE VOLUME indicator
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Overview On balance volume (OBV) is a momentum indicator, the calculation of which relates volume to price change. OBV was developed by Joe Granville. .OBV provides a running total of volume and shows whether this volume is flowing in or out of a given security. OBV attempts to detect when a financial instrument (stock, bond, etc.) is being accumulated by a large number of buyers or sold
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