On Balance | Volume Chartink

: Price makes a "Higher High," but OBV makes a "Lower High." This warns of weakening buying pressure and a possible drop. Trend Confirmation :

Someone was accumulating. Quietly. Desperately. Like a thief filling his pockets before the alarm goes off. on balance volume chartink

Set OBV = OnBalanceVolume();

Disclaimer: This article is for educational purposes only. Stock market investing involves risk. Please consult your financial advisor before making any trading decisions. : Price makes a "Higher High," but OBV makes a "Lower High

This is a more advanced script designed to catch bottoms. We look for stocks where the price is at a 20-day low, but OBV is not at a 20-day low (indicating strength). Desperately

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.