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On Balance Volume

 

The On Balance Volume is a cumulative value. If today’s close is greater than yesterday’s close then you add today’s volume to the running sum. If today’s close is less than yesterday’s close you subtract today’s volume. If today’s close is equal to yesterday’s close then the OBV value does not change.

 

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* The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.

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