On Balance Volume (OBV) was developed by Joseph Granville (1963), was one of the first indicators to measure positive and negative volume flow. On Balance Volume (OBV) is pretty simple technical indicator, that relates volume to price change. On Balance Volume (OBV) provides a running total of volume and shows whether this volume is flowing in or out of a given security, respectively, the currency pair. On Balance Volume (OBV) to determine when it collects a large number of buyers or sellers of a particular financial instrument, or currency pair.
Mathematical Formula:
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