On Balance Volume: What It Is and How to Use It 🙌
© Copyright 2020 Forex.ca
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Looks pretty useless to me.
Excellent introduction to OBV that works very well with the ASH STRATEGY thanks, Mark.
Not acting in the office anymore?
At first I thought I was watching Jim from 'The office' give an investing tutorial lol
Overlay a 50 EMA on the OBV…
Thought this was Jim halpert
One of my favorite indicator for divergence
Your YouTube videos are extremely well done. If I have a question about indicators or strategy I search out your content because I know I will get a factual account without bias or sales pressure. Please keep up the good work.
Hi Mark where can I get OBV? I have only Balance of Power
Thanks
Mark, could you please explain it otherwise or at the board?
Hey Mark,
I didn't quite get it, but with other sources I put this together. Maybe this helps other people too:
ON BALANCE VOLUME
Volume means market participation.
when there is little market participation – that is little volume – it doesn't mean that there is neccesserily little price change. Say there is a 10% price change but only a relatively low amount of volume, then OBV won't rise since its main utility is to show us strong market participation. Why is this important? Because it can show us that something is changing based on a mutual price agreement amongst many people. If the price is manipulated by few, OBV can show us that, hence aniticipating a diversion.
This all, is of course based on the theory, that volume precedes price. Which is sometimes true and sometimes not.
Thanks 🙏🏾
Thank you sir
So it lags the market by a day……
how can one use it in FX?
Add trendlines in your obv and on your graph. Shows better action
good explanation
cumulative volume a good description?
yeah but easy to see in hindsight.. try doing it live when you think the obv is moving then shifts back…to fake you out
yeah like this, put on before and didn't like because i did not understand it. I'm trying trendlines on it, seem to work mostly as well… Enjoying you telling me all about these indicators etc. Thanks.
Well explained and to the point
I find volume to be so important and OBV is a little tricky to understand but you did an excellent job as usual describing it. Thank you! Please make more videos on volume indicators and which ones you think are the best!