Novice Traders' Notebook | MAY 2003
Novice Trader’s Notebook by Amy Wu
Novice Trader’s Notebook by Amy Wu ON-BALANCE VOLUME First developed by Joe Granville and published in his text New Strategy Of Daily Stock Market Timing For Maximum Profits, on-balance volume (OBV) is a momentum indicator that relates volume to price change. Specifically, the on-balance volume keeps tabs on the running total of volume that is flowing in and out of a security. For instance, if the price of a security closes higher than the close of the previous day, it’s up volume. Likewise, when the security’s price closes lower than the previous day, it’s down volume.
by Amy Wu
Technical Analysis of STOCKS & COMMODITIES
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