V.8:5 (195-196): %B complements on-balance volume by Joseph Barics
Product Description
%B complements on-balance volume by Joseph Barics
Williams' on-balance volume, or WAD, by itself isn't always a clear indicator of a bottom. To better observe supply and demand, I combine WAD with the percentage of buying for the day, or %B, on a high-low-close graph. Unlike WAD, %B is calculated only from price data, and so, often indicates an imminent price turnaround or other price actions following a price minimum.
Williams' on-balance volume, or WAD, by itself isn't always a clear indicator of a bottom. To better observe supply and demand, I combine WAD with the percentage of buying for the day, or %B, on a high-low-close graph. Unlike WAD, %B is calculated only from price data, and so, often indicates an imminent price turnaround or other price actions following a price minimum.
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