Random article: On Balance Volume Indicator
On Balance Volume (OBV) – is an indicator applied in Forex technical analysis. This indicator was firstly described by Joseph E. Granville in 1963 in his book “New Key to Stock Market Profits” . Author applied the indicator for commodity market analysis, because considered volume figure to be a key driving force. The main point is the possibility to forecast change of price on the basis of changing trading volume. Although at present the indicator “On Balance Volume” has a widespread application for analysis of the Forex market.