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Actually Larry Williams has developed his own indicator which he reckons is better than OBV. He discusses it in his "Long Term Secrets to Short Term Trading." I'd be interested to hear from anyone that has tested it.Been a few years since I read Weinstein. OK but he talks about volume, volume expanding on a breakout etc. Similar thing except OBV helps you identify whether it was buying pressure or selling. Still think his is the best book on technical analysis out there. Actually he was asked to write another book but he said there's nothing else to write about because 'it's all there' in his book. Don't know where else you could have a read about OBV but I think investorpedia would have plenty of info.regards
Actually Larry Williams has developed his own indicator which he reckons is better than OBV. He discusses it in his "Long Term Secrets to Short Term Trading." I'd be interested to hear from anyone that has tested it.
Been a few years since I read Weinstein. OK but he talks about volume, volume expanding on a breakout etc. Similar thing except OBV helps you identify whether it was buying pressure or selling. Still think his is the best book on technical analysis out there. Actually he was asked to write another book but he said there's nothing else to write about because 'it's all there' in his book.
Don't know where else you could have a read about OBV but I think investorpedia would have plenty of info.
regards
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