gb50k

On Balance Volume/Price

First, look at the chart, then read.

Use OBV/Price to see a price adjusted by 'On Balance Volume' - (OBV), a momentum indicator that measures positive and negative volume flow, was developed by Joseph Granville and introduced in 1963.

The indicator, together with trend lines , provides good entry/ exit points.
In the chart note the exit point before the crash.
Also, note the "wedge" - a bit lees optimistic that the 'price only' wedge for SPY             .


snapshot
Remove from Favorite Scripts Add to Favorite Scripts
study(title="On Balance Volume/Price", shorttitle="OBV/PRICE")
src = close
obv = cum(change(src) > 0 ? volume : change(src) < 0 ? -volume : 0*volume)
plot(obv/src, color=blue, title="Price_OBV")
SEE UPDATE that addresses several problems:
Price vs Vol
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out