On Balance Volume Indicator

The speaker provdes an introduction to the on balance volume technical indicator.  The OBV measures the quality of volume leading the move, up or down.  It is important to note divergences between the OBV and the price action on a chart.  You want to see the OBV heading in the same direction as price to confirm that there is buying or selling going on in the stock.  When the two are heading in opposite directions, a change of trend may be at hand. 
Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

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