Deconstructing Granville’s On-Balance Volume by Mike B. Siroky, MD
What does this classic indicator actually measure, and how? What’s the best way to use it? Taking a close look at its components can provide answers.
Joseph E. Granville (1923–2013) introduced the on-balance volume (OBV) indicator in his newsletters in the 1960s and in his 1976 book, A New Strategy Of Daily Stock Market Timing For Maximum Profit. The on-balance volume (OBV) remains, half a century later, arguably the most widely used volume-based indicator in technical analysis ...