On-balance volume (OBV), a momentum indicator that measures positive and negative volume flow, was developed by Joseph Granville and introduced in 1963 to the technical community inside the pages ...

On-balance volume (OBV), a momentum indicator that measures positive and ... market is not confident in the price swing. How Do You Read On-Balance Volume? On-balance volume is a way of comparing ...

OBV capitalizes on this idea by keeping a running tally of volume when price moves up or down. On up days, volume (e.g., share count) is added to the indicator. On down days, volume is subtracted from ...

Despite being plotted on a price chart and measured numerically, the individual quantitative value of OBV is irrelevant. The indicator is cumulative, while the time interval remains fixed by a ...