Using Oscillators With On-Balance Volume by Carl F.Ehrlich
On-balance volume, which was developed by technician Joe Granville in the 1960s, was the first technical study to project market price movement using volume. In the following decades, other technicians have attempted to improve on Granville’s work. Here’s a review of these different studies in accumulation and distribution, and a methodology to utilize them in a trading program.
When Joseph Granville originally published A Strategy Of Daily Stock Market Timing For Maximum Profit in 1960, the work initially met with derision from the traditional investment world.He had the last laugh, though, because you can find Granville’s methodology in all trading software today, as well as in a myriad of books on the subject of technical analysis. In al l those places, you will find the results of his work, but his own words describing his concept are much harder to find. That’s something I can share with you.