Color coding the On-Balance-Volume

27 พ.ค. 2021

On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator, adding volume on up days and subtracting it on down days. OBV was developed by Joe Granville and introduced in his 1963 book Granville's New Key to Stock Market Profits. It was one of the first indicators to measure positive and negative volume flow. Chartists can look for divergences between OBV and price to predict price movements or use OBV to confirm price trends.

How do I analyze the OBV to support my trades based on price-actions? I use Hull moving averages, a Donchian Channel, and a bollinger band to color code each on-balance-volume data point.