Volume confirms whether a price move is genuine or likely to fail. One of the oldest and most reliable tools for integrating volume with price is the indicator. When combined with the powerful scanning and charting platform Chartink , OBV transforms from a simple line on a chart into a dynamic trade execution tool.
He opened his mouth to call her. But the cursor blinked again. on balance volume chartink
A bullish divergence is a warning, not a trigger. Do not short-sell a stock just because OBV is falling. Wait for price confirmation. For example: OBV shows bearish divergence, AND price closes below the 20-day moving average – then sell. Volume confirms whether a price move is genuine
To utilize OBV on ChartInk, you need to use their proprietary scanning language. Below are specific scripts you can copy and paste into the ChartInk scanner to find high-probability setups. He opened his mouth to call her
The OBV is a running total of volume that adjusts based on the asset's daily closing price: Current OBV = Previous OBV + Current Volume. Price Down: Current OBV = Previous OBV - Current Volume. Price Flat: OBV remains unchanged. 🔎 Using OBV in Chartink Scanners
Set OBV = OnBalanceVolume();