On-balance Volume - futures io
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On-balance Volume

On-balance volume (OBV) is a technical analysis indicator intended to relate price and volume in the stock market. OBV is based on a cumulative total volume and price, and is intended to predict changes in price. OBV was developed by Joseph E. Granville in his book, Granville's New Strategy of Daily Stock Market Timing for Maximum Profit, published in 1963.

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