On Balance Volume Chartink

Here is how OBV is calculated:

In the chaotic world of stock market trading, price is often considered the king. However, seasoned traders know that is the fuel that drives the engine. One of the most elegant and powerful indicators designed to combine price action with volume analysis is the On Balance Volume (OBV) .

It was 3:47 AM. The Indian markets wouldn’t open for another five and a half hours, but Arun wasn’t looking at live prices. He was looking at a ghost. on balance volume chartink

While charting software allows you to view OBV on a specific stock, ChartInk allows you to scan the entire market for OBV opportunities instantly. Instead of checking 2,000 stocks manually to see if OBV is diverging from price, you can write a simple script in ChartInk to find the stocks that match your criteria.

Buy = OBV > Ref(OBV, -5) AND OBV > Ref(OBV, -10); Here is how OBV is calculated: In the

Note: This is a basic accumulation filter. It will return many results, so it is best combined with price action criteria (e.g., price above 50-day EMA).

He opened his mouth to call her. But the cursor blinked again. It was 3:47 AM

His grandfather’s voice echoed in his head: “Volume is the breath of the market, beta. Price is just the shadow. Watch the breath.”

// But OBV is HIGHER than its 20-day lowest point Set OBVStrength = OBV > Lowest(OBV, 20);

Developed by Joe Granville in 1963, OBV is a cumulative indicator. It adds volume on "up days" and subtracts it on "down days".

We want stocks where OBV is higher today than it was 5 days ago, and higher than it was 10 days ago.