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On Balance Volume Technical Indicator (OBV) is a client side VTL Script , that relates volume to price change. The indicator, which Joseph Granville came up with, is pretty simple. When the security closes higher than the previous close, all of the day’s volume is considered up-volume. When the security closes lower than the previous close, all of the day’s volume is considered down-volume.
The basic assumption, regarding On Balance Volume analysis, is that OBV changes precede price changes. The theory is that smart money can be seen flowing into the security by a rising OBV. When the public then moves into the security, both the security and the On Balance Volume will surge ahead.
Envelopes is a client side VTL Script formed with two Moving Averages one of which is shifted upward and another one is shifted downward.
The selection of optimum relative number of band margins shifting is determined with the market volatility: the higher the latter is, the stronger the shift is.
Envelopes define the upper and the lower margins of the price range. Signal to sell appears when the price reaches the upper margin of the band; signal to buy appears when the price reaches the lower margin.
The logic behind envelopes is that overzealous buyers and sellers push the price to the extremes (i.e., the upper and lower bands), at which point the prices often stabilize by moving to more realistic levels. This is similar to the interpretation of Bollinger Bands.
Bulls Power is the difference between the highest price and the 13-period exponential moving average. This VTL indicator can be used with a trend indicator like Moving Average. If the trend indicator is down-directed the Bulls Power index is above zero, but falling, it is a signal to sell.
Buy if: there is an increasing trend (determined with the Exponential Moving Average movement); < the Bears Power oscillator is negative, but increasing at the same timethe last peak of the Bulls Power oscillator is higher than the previous onethe Bears Power oscillator increases after the Bulls divergence. At the positive values of the Bears Power oscillator, it is better to keep back
Sell ifthere is a decreasing trend (determined with the Exponential Moving Average movementthe Bulls Power oscillator is positive, but decreases graduallythe last trough of the Bulls Power oscillator is lower than the previous one; the Bulls Power oscillator decreases leaving the Bears’ divergence
On Balance Volume Technical Indicator (OBV) is a client side VTL Script , that relates volume to price change. The indicator, which Joseph Granville came up with, is pretty simple. When the security closes higher than the previous close, all of the day’s volume is considered up-volume. When the security closes lower than the previous close, all of the day’s volume is considered down-volume.
The basic assumption, regarding On Balance Volume analysis, is that OBV changes precede price changes. The theory is that smart money can be seen flowing into the security by a rising OBV. When the public then moves into the security, both the security and the On Balance Volume will surge ahead.
Envelopes is a client side VTL Script formed with two Moving Averages one of which is shifted upward and another one is shifted downward.
The selection of optimum relative number of band margins shifting is determined with the market volatility: the higher the latter is, the stronger the shift is.
Envelopes define the upper and the lower margins of the price range. Signal to sell appears when the price reaches the upper margin of the band; signal to buy appears when the price reaches the lower margin.
The logic behind envelopes is that overzealous buyers and sellers push the price to the extremes (i.e., the upper and lower bands), at which point the prices often stabilize by moving to more realistic levels. This is similar to the interpretation of Bollinger Bands.
Bulls Power is the difference between the highest price and the 13-period exponential moving average. This VTL indicator can be used with a trend indicator like Moving Average. If the trend indicator is down-directed the Bulls Power index is above zero, but falling, it is a signal to sell.
Buy if: there is an increasing trend (determined with the Exponential Moving Average movement); < the Bears Power oscillator is negative, but increasing at the same timethe last peak of the Bulls Power oscillator is higher than the previous onethe Bears Power oscillator increases after the Bulls divergence. At the positive values of the Bears Power oscillator, it is better to keep back
Sell ifthere is a decreasing trend (determined with the Exponential Moving Average movementthe Bulls Power oscillator is positive, but decreases graduallythe last trough of the Bulls Power oscillator is lower than the previous one; the Bulls Power oscillator decreases leaving the Bears’ divergence
