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On Balance Volume
It was generated by Joe Granville.
On Balance Volume is one indicator that is designed to track changes in volume over time.
On
Balance Volume is a running total, volume indicator that is arrived at
by adding or subtracting the day's volume, depending on whether the
closing price is higher or lower than the previous close.
On Balance
Volume Indicator is to buy when the indicator breaks out from its
recent range and sell when it breaks down from its range, but it might
take price a day or even two to confirm the move, so patience and other
supporting trend change indicators will help.

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