Wick

Volume & OBV

Indicators I

The lie detector

Volume is conviction: breakouts on high volume are real, on low volume are suspect. OBV keeps a running buy/sell tally. If OBV rises while price is flat, someone is quietly accumulating.

Check yourself

Price breaks out on the year's LOWEST volume. You…

  1. Trust it fully
  2. Doubt it, no crowd showed up correct
  3. Double your size

A move nobody participated in has nobody to sustain it. Volume validates price.

Learn this properly

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