On-Balance Volume (OBV) — Pine Script & ThinkScript

On-Balance Volume (OBV) was developed by Joseph Granville and introduced in his 1963 book "Granville's New Key to Stock Market Profits." The concept is elegantly simple: on days when price closes higher, the day's volume is added to a running total; on days when price closes lower, the volume is subtracted. The result is a cumulative volume line that trends alongside — and often ahead of — price.

What's included:

• Pine Script (TradingView)
• ThinkScript (thinkorswim)
• Setup documentation