OBV Oscillator

On Balance Volume can be used to either confirm the current price trend or warn of a possible reversal.

• It is the trend of the OBV line that is important, not the actual numbers themselves.
• OBV is a momentum indicator that helps quantify buying or selling pressure.
• OBV changes often precede price changes.

On Balance Volume was developed by Joe Granville. See his book New Strategy of Daily Stock Market Timing for Maximum Profits for more detailed information.

Syntax:

OBVOscillator
OBVOscillator()
OBVOscillator(“Period”)
OBVOscillator(“OutPutStartCell”,”Period”)

Inputs:

'Close' and 'Volume' columns values

Parameters:

• Period (default=21)
• OutPutStartCell (default=the next blank column in the worksheet)

Examples:

OBVOscillator
OBVOscillator()
OBVOscillator(“21”)
OBVOscillator(21)
OBVOscillator(“G2”,”21”)
OBVOscillator(“G2”, 21)
OBVOscillator(G2,”21”)
OBVOscillator(G2, 21)