On Balance Volume (OBV) Indicator
The On Balance Volume (OBV) Indicator is a powerful tool for traders using MetaTrader 5. This indicator measures the cumulative buying and selling pressure by adding or subtracting the volume of each period, depending on the price movement. By analyzing OBV, traders can identify trends, confirm price movements, and predict potential reversals. Connecting OBV to MetaTrader 5 is simple and allows for real-time analysis. However, it’s important to note that OBV is not infallible and should be used in conjunction with other indicators for more accurate predictions. Overall, the OBV Indicator is a valuable tool for traders looking to make informed decisions in the market.
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Description
FAQ
- Can I download this indicator ‘On Balance Volume (OBV) Indicator’ for free?
- Yes, this indicator – On Balance Volume (OBV) Indicator, like other indicators presented on the site, is free, with the exception of those where there is a fee, they are available only on the official website of the developer
- Where does this Indicator come from?
- The Indicator, like others, is collected from the official website of trading platform MetaTrader 5 and developers
- Can I use On Balance Volume (OBV) Indicator on the mobile version of the trading platform MetaTrader 5?
- No, indicators can only be used on the web version of the trading platform MetaTrader 5.
Additional information
| Platform | MetaTrader 5 |
|---|---|
| Format | ZIP |
| Price | Free |
| Safety | Safe |
| Type file | Indicator |
| Size | 265kB |
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