On Balance Volume (OBV)

The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure. It is a cumulative indicator meaning that on days where price went up, that day's volume is added to the cumulative OBV total. If price went down, then that day's volume is subtracted from the OBV total. The OBV value is then plotted as a line for easy interpretation. On Balance volume is primarily used to confirm or identify overall price trends or to anticipate price movements after divergences.

Read more about On Balance Volume indicator in TradingView wiki.
xtrader1 xtrader1 DOWI, D, Short , 6 days ago
DOWI: Update on Dow Jones: expect correction lower
184 5 4
DOWI, D Short
Update on Dow Jones: expect correction lower
This is an update on this earlier forecast from 28-01-2017: https://www.tradingview.com/chart/DOWI/BCPiMdxV-Forecast-Dow-Jones-Move-up-to-20250-then-major-move-down/ We have seen a retrace below the 19925 followed by a surge up to 20250 as predicted. See snapshot ...
FxWirePro FxWirePro PRO USDMXN, D, Long , a month ago
USDMXN: USD/MXN flies after “Dragonfly Doji’ formation cushioned at 7DMA
103 0 5
USDMXN, D Long
USD/MXN flies after “Dragonfly Doji’ formation cushioned at 7DMA
USD/MXN flies after “Dragonfly Doji’ formation cushioned at 7DMA, price, OBV and OI move in sync with major uptrend: After dragonfly doji, the current prices spike after testing support at 7DMA, rallies well supported with bullish DMA crossover and momentum confirmation by leading oscillator. No traces of bearish ...
Jan WillemDe Korver Jan WillemDe Korver PRO UKOIL, D, 2 months ago
UKOIL: UK oil 2017:week 1
97 0 4
UKOIL, D
UK oil 2017:week 1
Generally I believe we have overcome a strong resistance point confirmed by the black trend line with enough volume, also seen on the On balance volume indicator. According the M. Pring this should mean that are likely to reach a new high. I would have my marbles on reaching 60 as we know ...
crashman111 crashman111 GXY, D, Long , 2 months ago
GXY: symmetrical tri + Doji Formation + Heiken Ashi weakness
102 0 5
GXY, D Long
symmetrical tri + Doji Formation + Heiken Ashi weakness
1) Doji formation 22/1/16 indicating further indecision after then big bearish candle. 2) MACD (3.7.3) looks to be crossing over to the positive 3) Heiken Ashi bars show weakness in the bearish move and possible reversal 4) price has broken out of black line channel but seems to be bound by the green lined ...
Marqus Marqus SPY, D, Short , 2 months ago
SPY: S&P Vol indicating big move coming
232 0 6
SPY, D Short
S&P Vol indicating big move coming
1.Volume Osc now at an extreme reading indicating large move coming 2. Negative divergence with On Balance volume indicating bearish move 3. Profit taking beginning 2150 .Bottom of gap just below 211.20 could be filled with this move and retest 2100 support 4. Trend line resistance at around 222. stops above 5. ...
CristianoVinattieri CristianoVinattieri IVZ, D, Long , 3 months ago
IVZ: IVZ Long
6 0 1
IVZ, D Long
IVZ Long
On Balace Volume (OBV) shows that interest may be back in this great asset manager, which saw positive capital inflow as of the latest quarterly report despite an overall negative trend in the sector. When volume rises, price generally tends to follow. Noteworthy is also MACD which just crossover its signal ...
purpurato59 purpurato59 PRO SI1!, D, Long , 3 months ago
SI1!: Silver accumulation
229 3 6
SI1!, D Long
Silver accumulation
Silver price action has been quite flat for a few days now but there is an interesting fact to observe: it seems clear to be some accumulation in this area creating a solid support. You can see three different volume indicators all pointing upwards. OBV has been going up way faster than price and money flow index ...
LuckyDinAZ LuckyDinAZ PRO BMY, D, Long , 4 months ago
BMY: Spontaneous remission from a terminal prognosis
40 0 1
BMY, D Long
Spontaneous remission from a terminal prognosis
BMY recently has had poor lung cancer treatment results and is getting sold off, movement compounded by Mercks recent promising results in the the same treatment field. Today was another huge down day, with a push past 3 standard deviations according to a 20 day closing Bollinger Band. Long because On Balance ...
Undertow Undertow CS, D, Long , 4 months ago
CS: Wyckoff Accumulation Phases of Credit Suisse
85 0 1
CS, D Long
Wyckoff Accumulation Phases of Credit Suisse
Some remarks on the price evolution of CS Credit Suisse stock was in a downtrend which ended with a selling climax (SCLX) on February 11 this year. After that CS showed signs of being accumulated. The Brexit vote initiated a huge shake out. During this shake out it broke below its trading range, after which it ...
GoldBands GoldBands PRO GCZ2016, D, Short , 5 months ago
GCZ2016: Gold - The Week in Review - 9/16/2016
31 0 0
GCZ2016, D Short
Gold - The Week in Review - 9/16/2016
Hello Traders! Thanks for joining me for this edition of Gold - The Week in Review. Last week we initiated a Gold short on Thursday @ 1341.8 and price moved down for the rest of the week. In fact, Friday's candle crossed and closed solidly below the midline of the range. Monday continued the bearish movement as ...
juniortrader juniortrader NYX, D, Short , 5 months ago
NYX: Trading with the Trend, $NYX
62 0 3
NYX, D Short
Trading with the Trend, $NYX
Nyx Gaming Group has just had a 46% price increase in the past two weeks up until its peak. Price is now very overbought and as stated on the chart there are several bearish indications of why this is a good short sale. Also as you can see on the chart, price recently bouced back from the top lin reg line as it did ...
ezillionaire ezillionaire AVEO, D, Short , 5 months ago
AVEO: AVEO an oversold stock!
22 0 1
AVEO, D Short
AVEO an oversold stock!
RSI & On Balance Volume shows stock is oversold..check the last two reversal when stock hits these RSI & OBV levels.
Undertow Undertow CS, D, Long , 5 months ago
CS: CS is being accumulated
58 0 1
CS, D Long
CS is being accumulated
After a downtrend $CS reached multi-decade lows. It appears that here Credit Suisse Group stock was, and still is, being accumulated. Currently it looks to be completing phase C to enter phase D.
juniortrader juniortrader EDR, D, Long , 5 months ago
EDR: Trading with the Trend, $EDR
36 0 1
EDR, D Long
Trading with the Trend, $EDR
As you can see by looking at this chart, price action has been following the upwards linear regression channel. It has just bounced from trading at the bottom lin reg line and is showing several bullish indications as stated on the chart. My price target is around the upper lin reg line (green rectangle). Trade ...
aslamhammad aslamhammad GBPAUD, 60, Short , 5 months ago
GBPAUD: GBP/AUD head & shoulder formation
34 0 1
GBPAUD, 60 Short
GBP/AUD head & shoulder formation
New structure formed in h1, so it looks like a possible bearish impact after AUD interest rate release. It is however not certain, but a possibility. Max target is around 1.7440 On balance volume suggests a short as well
juniortrader juniortrader APH, D, Long , 5 months ago
APH: Trading with the Trend, $APH
77 0 2
APH, D Long
Trading with the Trend, $APH
$APH, Aphria Inc. has been uptrending for months now. Using the lin reg lines you can see that it has bounced off of the top and has recovered using the mid line as a support. As stated on the chart there are several bullish indications and Im looking for a price target somewhere along the top lin reg line (green ...
ezillionaire ezillionaire IMNP, D, Long , 5 months ago
IMNP: IMNP oversold, uptrend reversal!
126 0 1
IMNP, D Long
IMNP oversold, uptrend reversal!
Notice everytime a green candle bar crosses above MA, the stock goes up, contrary when a red bar goes below MA, the stock goes downtrend. On Balance Volume shows that IMNP is way oversold. Any day with closing .38 or more with good volume, will indicates a buy signal
juniortrader juniortrader GOM, D, Long , 5 months ago
GOM: GOM Looking Very Bullish
39 0 2
GOM, D Long
GOM Looking Very Bullish
Golden Dawn Minerals is showing a lot of bullish signs that it is ready for a potential new high. Support has been found at the 50MA as it has before, and the StochRSI is showing an oversold signal with the MACD about to cross to a bullish signal. Also I like this trade because volume has been continuing to ...
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