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Volume / flowIntermediate
OBV
On-Balance Volume idea. In retail FX, volume is a fragile proxy — skepticism required.
Formula (conceptual view)
Add volume on up closes, subtract on down closes (cumulative).
Common parameters: Platform volume source (often tick)
How to read
- ▸Divergence stories need humility in FX retail data.
- ▸Prefer amplitude (ATR) and structure when volume is dubious.
- ▸Lab synthetic OBV is for narrative practice, not bank tape.
- ▸Do not base the whole playbook on OBV FX.
Common mistakes
- ✕ Trusting tick volume as institutional truth.
- ✕ Ignoring price structure.
- ✕ Overfitting divergence stories.
Works well with
Price structureATRJournal skepticism