[blackcat] L1 Vitali Apirine OBVM

Level 1

Background

Traders’ Tips of April 2020, the focus is Vitali Apirine’s article in the April issue, “On-Balance Volume Modified (OBVM)”.


Function
In “On-Balance Volume Modified (OBVM)” in this issue, author Vitali Apirine presents a new indicator called OBVM that is based on the classic on-balance volume indicator originally developed by Joe Granville. The author has smoothed the OBV calculation and has added a signal line to help the trader identify entry and exit points. Apirine also notes that the OBVM indicator is useful in helping to identify divergences.

Remarks

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