To determine trend changes, one of my favorite tools is the multiple time frame analysis of the on balance volume that I discussed in a recent trading lesson.
That is the same reason that I try to give Joe Granville credit in my articles about on balance volume or Welles Wilder when I talk about the RSI or ADX.
The daily on-balance volume (OBV) broke its uptrend on October 10, and needs to overcome its downtrend (line c) to turn positive.
The on-balance volume (OBV) violated its uptrend on September 26, and has since stayed below its declining WMA, which is a sign of weakness.
The daily on-balance volume (OBV) has been stronger on IAU than GLD on the recent rally as the downtrend, line g, is being tested.
The on-balance volume (OBV) did confirm the highs on March 14 but has not yet confirmed the recent highs.
The volume was strong last summer as the on-balance volume (OBV) broke through major resistance, line c, in July.
My favorite volume tool, of course, is the on-balance volume (OBV) and I frequently give credit to its creator, Joe Granville.
The weekly on-balance volume (OBV) tested support, line d, on the correction and closed back above its WMA last week.
Volume was strong last week and the downtrend in the on-balance volume (OBV), line f, was broken in early January.
Volume was relatively heavy on Wednesday, but the daily on-balance volume (OBV) is still above its weighted moving average (WMA).
The daily on-balance volume (OBV) was able to move above its WMA on the recent rally, but is still below its downtrend, line f.
The volume last week was the highest since June, and the on-balance volume (OBV) has broken through resistance (line d).
The on-balance volume (OBV) tested is monthly support, line d, on several occasions in 2012 before moving back above its WMA before the end of the year.
The weekly on-balance volume (OBV) overcame year-long resistance (line e) on Friday, which is a positive sign.
The selling volume has picked up over the past three weeks, as the on-balance volume (OBV) has dropped further below its flat weighted moving average (WMA).
The daily volume was not very heavy on Tuesday and both the daily and weekly on-balance volume (OBV) are still positive.
The volume action on the recent rally has not been impressive, as the on-balance volume (OBV) is still in a downtrend and below strong resistance (line d).
The daily on-balance volume (OBV) is holding up much better than prices even though volume spiked on Monday.
Volume in SPY on Thursday was the highest since July, when the weekly on-balance volume (OBV) broke through resistance.
The on-balance volume (OBV) plot does not help us much, as the huge volume on September was 30 times the daily average, which distorts the OBV pattern.
The volume analysis supports this viewpoint, as it confirmed the recent breakout and the weekly on-balance volume (OBV) has continued to make new highs with prices.
The on-balance volume (OBV) has major resistance at its WMA and the downtrend, line a.
The on-balance volume (OBV) also broke through major resistance, line i, early in the year.
The weekly on-balance volume (OBV) also fell below its WMA in April before dropping sharply.
The weekly on-balance volume (OBV) broke through its short-term downtrend, line b, ahead of prices.
The daily on-balance volume (OBV) has broken support and is below its weighted moving average (WMA).
The weekly on-balance volume (OBV) has turned up from yearlong support (line d).
The on-balance volume (OBV) also shows a long-term pattern of higher highs and higher lows.
The weekly on-balance volume (OBV) broke its long-term uptrend, line j, in September.
应用推荐