Creating a Volume Stock Trading Strategy

<p>Volume can sometimes provide hidden patterns that point to the market&rsquo;s direction. This article discusses the main volume technical indicator and applies a simple strategy on it using Pine Script, Trading View&rsquo;s coding language.</p> <p>For a detailed and thorough collection of trend following trading strategies, you can check out my book. The book features a huge number of classic and modern techniques as it dwelves into the realm of technical analysis with different trading strategies. The book comes with its own GitHub.</p> <h2><a href="https://amzn.to/3mOqqZJ?source=post_page-----a69df5b38c40--------------------------------" rel="noopener ugc nofollow" target="_blank">Trend Following Strategies in Python: How to Use Indicators to Follow the Trend.</a></h2> <h3><a href="https://amzn.to/3mOqqZJ?source=post_page-----a69df5b38c40--------------------------------" rel="noopener ugc nofollow" target="_blank">Amazon.com: Trend Following Strategies in Python: How to Use Indicators to Follow the Trend.: 9798756939620: Kaabar&hellip;</a></h3> <p><a href="https://amzn.to/3mOqqZJ?source=post_page-----a69df5b38c40--------------------------------" rel="noopener ugc nofollow" target="_blank">amzn.to</a></p> <h1>The On-Balance Volume Indicator</h1> <p>The On-Balance Volume (OBV) indicator is a technical analysis tool used to measure the buying and selling pressure of a security. It was developed by Joseph Granville in the 1960s.</p> <p>The OBV indicator measures the cumulative volume of a security, based on whether the price of the security closes higher or lower than the previous day. If the closing price is higher than the previous day&rsquo;s close, then the volume for that day is added to the OBV. Conversely, if the closing price is lower than the previous day&rsquo;s close, then the volume for that day is subtracted from the OBV. If the closing price is unchanged, then the OBV remains the same.</p> <p><a href="https://kaabar-sofien.medium.com/creating-a-volume-stock-trading-strategy-a69df5b38c40"><strong>Visit Now</strong></a></p>