Volume Confirmation
On-Balance Volume — buying pressure measured by volume, not just price.
Growth of $100
Performance Summary (2023–2026)
How it's built
Tracks On-Balance Volume (OBV), a cumulative tally that adds the day's volume on up days and subtracts on down days. Stocks with sharply rising OBV show buying pressure that's strong even when the price hasn't fully responded yet — a leading indicator distinct from pure price momentum.
tech_obvWhy it works
Price moves backed by heavy volume reflect real institutional positioning; price moves on light volume can be noise. OBV captures the volume side of the equation, often signaling accumulation before price catches up. Less correlated with pure price-based momentum, so adds diversification within a strategy mix.
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Past performance is not indicative of future results. Backtests are simulated and do not account for transaction costs, slippage, taxes, or the impact of large orders on market prices. All figures shown are hypothetical. This is not investment advice. See our full disclaimer for details.