Obv Indicator Forex

Smart Volume Divergence!
So, to help us determine whether we are facing a retrace or a reversal, we will use a volume indicator to look for divergences with the price and thus determine the strength of this opposite movement. The indicator is OBV. I know, I know. The volume in forex is not real, but still this system Works with a tick volume chart.

Become a True Forex Expert and Apply the On Balance Volume
For beginning Forex traders, using the OBV can be confusing at first as it requires an understanding of how the indicator works and how it can be used in aiding trading decisions. Let us start with the application of the On Balance Volume Indicator. The On Balance Volume indicator tries to capture the behavior of retail and institutional traders.

How to use OBV indicator in trades - The Economic Times
Though traders use different OBV time periods for different stocks, a reasonable time frame would be 1-3 years for its use. Trading rule â€" Irrespective of the absolute value, what one needs to observe is the direction of OBV, i.e., whether it is going up or down. OBV usually follows the movement in prices.

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On Balance Volume (OBV) [ChartSchool]
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.

What Is OBV? - On Balance Volume
On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days. When the security closes higher than the previous close, all of the day’s volume is considered up-volume.

How to Use Volume Oscillator to Boost Your Profits
The main idea behind the VZO indicator is that volume precedes price. The VZO is a relatively new indicator being introduced in the trading world in 2009 by Walid Khalil and David Steckler. But, it can be found on the most popular Forex trading platforms. This volume-based indicator is combining two other Forex volume indicators: On-balance volume