On Balance Volume Flow

On Balance Volume Flow (Expo) – Indicator

Do you want to see how the indicator works in real time? Click at the link below!

Click at the link below to get redirected to the chart at TradingView. The chart displays Wall Street – 5 min timeframe. The indicator setting: Length = 100.

*It takes approximately 10-30 seconds to load the chart. The chart should be viewed preferably at computer.

Timeframe

The indicator works on any timeframe.

*The chart above display DAX in 4 hour chart.

Stocks

The indicator works on any Stock.

*The chart above display Tesla in daily chart.

Indices / Currencies / Crypto

The indicator works on any indices / currencies and on cryptocurrencies. –> The only prerequisite is that volume is provided on the chart.

*The chart above display Bitcoin in 1 hour chart.

Description


This reviesed indicator uses On Balance Volume (OBV) that measures buying and selling pressure. The indicator is adding volume on up days and subtracting it on down days. OBV was developed by Joe Granville and introduced in his 1963 book Granville’s New Key to Stock Market Profits. It was one of the first indicators to measure positive and negative volume flow. Chartists can look for divergences between OBV and price to predict price movements or use OBV to confirm price trends.

Zeiierman’s On Balance Volume Flow indicator is designed to spot areas where large volumes are traded relative to closing price. The indicator is then able to spot turning points in the market.


Do you like the indicator? – Click at the link below to get access

Disclaimer: Link to Disclaimer

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. 

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.

My scripts/indicators/ideas are only for educational purposes! 

Copyright by Zeiierman 2020

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