In case the obv indicator forex terbaik reaches a new peak and the OBV registers a new peak, the bull trend will probably continue. In case the price reaches a new bottom and the OBV makes a new bottom, the bear trend will probably continue. When the OBV registers a new peak, this is indicative of buyers’ strength, while the price will probably surge to even higher levels.
Therefore, this can be used as a signal to make a long entry in the market. When the OBV drops to a new bottom, this is indicative of sellers’ strength, while the price will probably plunge even more. Therefore, this can be used as a signal to make a short entry in the market. The most reliable buy and sell signals are provided when the OBV diverges from the price. In case the price surges, then falls, after which rises again to a higher high, but the OBV marks a lower high, this produces a bearish divergence, thus, a reliable signal to go short. In case the price drops, then rallies, after which falls again to a lower low, but the OBV marks a higher low, this produces a bullish divergence, a reliable signal to go long. When the market is in a trading range and the OBV surges to a new high, this can be considered as a signal to go long.
When the market is in a trading range and the OBV falls to a new low, this can be considered as a signal to go short. Founded in 2013, Binary Tribune aims at providing its readers accurate and actual financial news coverage. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Hey everyone, the link given above for the download link is unfortunately not working!
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Increasing or decreasing price accompanied by increasing volume, suggests a confirmation of the price trend. Increasing or decreasing price accompanied by decreasing volume, suggests that the price movement is weak and lacking conviction. The On Balance Volume indicator might be used by traders as a tool to confirm price trends or warn of potential price reversals because of divergences between the price and the OBV indicator. This bearish divergence could be warning that price could potentially fall.