The yearly OBV like the monthly OBV has confirmed each new high since 2002.
The breakout level in the OBV was tested in 2012 before the OBV again surged higher.
The OBV shows a bullish zig-zag formation and the daily OBV (not shown) confirmed the recent highs.
The OBV is still below its slightly declining WMA, while the daily OBV (not shown) is negative.
The OBV is holding well above its WMA, and the daily OBV (not shown) is also positive.
The weekly OBV moved through resistance, line g, in December, and the OBV has been leading prices higher.
The daily OBV is still well below its WMA while the weekly OBV closed below its WMA last week.
Though the weekly OBV did form a positive divergence at the November 2012 lows, the daily OBV did not.
The daily downtrend in the OBV, line c, has now been broken as the OBV is testing the December highs.
The trend in the daily OBV is clearly positive and the weekly OBV (not shown) has overcome its early 2012 highs.
The daily OBV (not shown) shows a positive volume spike last week so the OBV is still above its recent lows.
The OBV is well above its uptrend (line e) but the daily OBV (not shown) has not yet surpassed the March highs.
The weekly and daily OBV (not shown) also made new highs so the OBV multiple time frame analysis is bullish.
The 20-month uptrend in the OBV, line c, was briefly broken in December 1936, but the OBV surged again in early 1937.
The yearly OBV is still in a clear uptrend, while the monthly OBV (not shown) has been below its WMA since February 2012.
By the end of March 2012, the OBV had made it back to its declining OBV but it turned lower the following month.
The uptrend in the daily OBV (line e) was broken in January and the OBV has not improved much over the past few weeks.
The monthly OBV is still well above its rising WMA as the OBV staged a major upside breakout in the latter part of 2011.
In my early adaptation of the OBV, I had also added a 21-period weighted moving average (WMA) of the OBV, which is plotted in green.
The pattern in the on-balance volume (OBV) looks toppy considering that while XLB was making higher highs, the OBV was forming lower highs (line d).
Volume picked up in the past two weeks, but the OBV is still below its WMA. The OBV has good support now at line d.
The daily on-balance volume (OBV) shows a similar pattern as the downtrend, line d, is clearly intact as the OBV has made lower lows.
The weekly OBV dropped below its WMA in early May but when SPY made lower lows, the OBV formed a positive or bullish divergence, line c.
The OBV made a new high in February 2011 but as prices were making another new high in April, the OBV formed a negative divergence, line a.
As the monthly OBV moved back above its WMA at the end of November, the weekly OBV was below its WMA but above its uptrend, line h.
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 multiple time frame OBV analysis shows that the daily OBV (not shown) is still above its uptrend but below its WMA while the hourly analysis is negative.
The weekly on-balance volume (OBV) is acting stronger than prices, as it just made new highs and is well above its WMA. Key OBV support now sits at line c.
The daily OBV did manage to hold its uptrend (line e), but the OBV has not yet made it above its WMA. Stronger OBV support can be found at line d.
应用推荐