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--- technical_indicators:on_balance_volume_obv [2019/06/24 19:38]
127.0.0.1 external edit
+++ technical_indicators:on_balance_volume_obv [2023/07/09 20:44]
jayanthi [Introduction]
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 ====== On Balance Volume (OBV) ======
-===== Introduction =====
+===== What Is On Balance Volume (OBV)? =====
-On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator, 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.
+The On Balance Volume (OBV) is an indicator that assesses a security's buying and selling pressure by analyzing cumulative volume. It adds volume on days when the price rises and subtracts it on days when the price declines.
+OBV was originally developed by Joe Granville, and he first explained it in his 1963 book //Granville's New Key to Stock Market Profits//. The OBV is noteworthy because it was among the earliest metrics to track the inflow and outflow of volume. By comparing the OBV with price action, analysts can detect divergences that may forecast future price shifts, or they can use the OBV to confirm existing price trends.
 ===== Calculation =====
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-For more details on the syntax to use for OBV scans, please see our [[docs>scans:indicators#on_balance_volume|Scanning Indicator Reference]] in the Support Center.
+For more details on the syntax to use for OBV scans, please see our [[https://support.stockcharts.com/doku.php?id=scans:indicators#on_balance_volume|Scanning Indicator Reference]] in the Support Center.
 **Note**: For the purposes of scanning, daily volume data is incomplete during the trading day. When running scans with volume-based indicators like OBV, be sure to base the scan on the "Last Market Close." Examples of other volume-based indicators include Accumulation/Distribution, Chaikin Money Flow, and the PVO.
 ===== Further Study =====