On-Balance Volume (OBV)
A 1-minute lesson from the MarketPro academy, one of 26 in technical analysis.
On-Balance Volume (OBV) is a running total that adds a period's volume when price closes higher and subtracts it when price closes lower, turning volume into a single cumulative line that can be compared against price. The underlying idea is that volume tends to lead price: sustained buying or selling pressure should show up in OBV before it becomes obvious on the price chart itself.
On-Balance Volume (OBV) is a running total that adds a period's volume when price closes higher and subtracts it when price closes lower, turning volume into a single cumulative line that can be compared against price.
The underlying idea is that volume tends to lead price: sustained buying or selling pressure should show up in OBV before it becomes obvious on the price chart itself.
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Lesson 15 of 26 in Technical analysis
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Not investment advice. Past performance is not indicative of future results.