StockFetcher Forums · Indicators and Measures · On Balance Volume(OBV)<< >>Post Follow-up
stockfetcher
639 posts
msg #25013		 8/28/2002 8:37:20 AM


On Balance Volume(OBV)

Parametersnone
UsageOBV
DescriptionOn Balance Volume uses volume on up and down days as a momentum indicator for a stock. A cumulative momentum indicator, the On Balance Volume adds the daily volume on a day where the stock closes up and subtracts the daily volume on days when the stock closes down. Because the OBV is not normalized from one stock to another, typical interpretations analyze the slope to determine potential momentum changes.
Examples
Fetcher[OBV has been increasing for 3 days
and close is above 2.00
and average volume(30) is above 250000]


Fetcher[OBV has been decreasing for 5 days lag 2 and OBV has been increasing for 2 days
and close is above 2.00
and average volume(30) is above 250000]
StockFetcher Forums · Indicators and Measures · On Balance Volume(OBV)<< >>Post Follow-up

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