The Day Shorters Room

[da_cyberdude]

OBV is the volume on green days minus the volume on red days. Typically, if the PPS goes up and there's heavy sell volume afterwards, people are taking advantage of the increase in PPS to sell while looking to exit. Lower volume sell days shows just that... lower sell pressure at the current price range. Base lining with higher OBV shows buy pressure at base or close to the base. Accumulation. PRRM and ARSK are very good illustrations of OBV. If it's being bought strongly at the current base, buyers are expecting an increase in value from the current PPS, thus the increase in OBV. Probably got us both confused, but at least I tried. GL