$ BREAKOUT Chart Plays

[BONESPUR]

How accumulation/distribution line can go down while pps and obv increase.

I zoomed in on a section of the chart to clarify a little. Even though the pps increased during this period, the Acc/dist line decreased because of the formula used to determine the value assigned to it is based on where the closing price is within the range for the day. I've used a fibs overlay on six days in the middle to illustrate the point. Only one of the six days had a close near the top of the days range. The other green day was actually closer to the 50% mark for the day so it didn't count nearly as high as the first day. On the other hand, two days had high negative values and the highest volume days during this period causing the accum/dist to drop. One the other hand, one of the high volume days is actually a green day so the volume for that day counts as a positive for OBV and a negative for acc/dis.