On Balance Volume (OBV) Stock Screener

On Balance Volume measures the cumulative flow of volume in relation to the price movement of an asset based on the idea that volume is a key driver of price changes and that changes in volume can signal changes in price direction

2 minutes

This post focuses on customizable On Balance Volume (OBV) factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

On Balance Volume (OBV) Bearish Divergence

Tags: obv divergence, on balance volume bearish divergence, on balance volume divergence, on balance volume divergence scanner

List symbols where pattern is Bearish Divergence OBV
Add Column OBV
Apply to NSE

This scan is designed to identify NSE symbols that display a common pattern known as bearish OBV divergence. In this pattern, we examine the high and low points on the price chart to determine if there is a divergence, and we require a minimum of 5 bars of data for analysis.

If you are interested in identifying hidden divergences, please consider the option listed below.

OPTION 1

To detect hidden bearish divergence on the OBV, modify the original scan as provided below. The output report will also include the calculated value of the OBV.

List symbols where pattern is Bearish Divergence OBV(Hidden)
Add Column OBV
Apply to NSE

On Balance Volume (OBV) Bullish Divergence

Tags: obv divergence, on balance volume bullish divergence, on balance volume divergence, on balance volume divergence scanner

List symbols where pattern is Bullish Divergence OBV
Add Column OBV
Apply to NSE

This scan is designed to identify NSE symbols that show a common pattern called bullish OBV divergence. We determine this divergence by analyzing the highest and lowest points on the price chart, considering a minimum of 5 bars.

If you are interested in identifying hidden divergences, you see the option listed below.

OPTION 1

In order to identify hidden bullish divergence on the OBV, modify the original scan as provided below. The output report will also include the calculated value of the OBV.

List symbols where pattern is Bullish Divergence OBV(Hidden)
Add Column OBV
Apply to NSE

For comprehensive insights into the On Balance Volume (OBV) indicator, including how the OBV works, how to use the On Balance Volume (OBV) in trading, as well as an exploration of its advantages and limitations as an indicator, click here.

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