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If you discover that the OBV readings are rising then you should also be able to confirm that price has also started to ascend. Additionally, you can deploy the OBV to help you reveal new trends. For example, if the OBV begins to generate a series of higher troughs and peaks, then a new bullish trend could be forming. However, if the OBV commences to issue a sequence of lower dips and tops, then such a formation could be signaling the inception of a bearish trend. You can also recognize new quality opening prospects whenever the OBV begins to create values that diverge from price. This is because the construction of the OBV concentrates on the trends of assets. You must also appreciate that Granville advised that if volume begins to diminish during a bullish channel, then a market top may be developing as purchasing pressure diminishes.
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