On Balance Volume

It was generated by Joe Granville.On Balance Volume is one indicator that is designed to track changes in volume over time.On Balance Volume is a running total, volume indicator that is arrived at by adding or subtracting the day’s volume, depending on whether the closing price is higher or lower than the previous close.On Balance Volume Indicator is to buy when the indicator breaks out from its recent range and sell when it breaks down from its range, but it might take price a day or even two to confirm the move, so patience and other supporting trend change indicators will help.

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