OBV - On Balance Volume - Leading indicator

As you can see on the pic… OBV trending down… oposite of price trend…

Usually means that resistanse will be respected.

This is called a “Divergence”

Green trendline on OBV is not a Divergence and it is more likely to break the support.

On Balance Volume is a indicator you can find in MT4/MT5

1 Like

And what about support?

I have edited above :slight_smile:

1 Like