Skip to content
Log in Open chart

On Balance Volume

Volume, OBV

On Balance Volume on a SOL/USDT 1h chart on GG Charts
What it shows

A running total of volume that adds the bar's volume on an up close and subtracts it on a down close.

How it is built

OBV goes up by the bar's volume if the close is higher than the previous one, and down by it if lower.

Default: No inputs.

How traders read it
  • A rising OBV with a rising price confirms the move.
  • A divergence between OBV and price is a warning.
  • The level does not matter, only the direction and shape.
History

Introduced by Joseph Granville in his book Granville's New Key to Stock Market Profits (1963).

Joseph Granville, 1963

Open on chart

Related indicators

Price Volume TrendEase of MovementVolume RatioAverage Price

Volume Weighted Moving Average← All indicatorsPrice Volume Trend