Target $3864 hit. Profile is balanced. No bias at this time.

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Target $3864 hit. Profile is balanced. No bias at this time.
What type of indicator is that you're using on the right side of the screen with the colored bars? I'm new to trading and have never seen that before. Thanks.
+2 Reply
tfaro57 wlethco
@wlethco, It's called On Balance Volume. On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume 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.

For the calculation see-
wlethco tfaro57
@tfaro57, thanks for the info.
tradergtf wlethco
@wlethco, it is also called volume profile under indicator for reading view.
tradergtf wlethco
@wlethco, for tradingview*
wlethco tradergtf
@tradergtf, thanks.
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