On Balance Volume, Expanded System
The On Balance Volume, Expanded System calculates OBV and identifies the breakouts and field trends as described in Joseph Granville's New Strategy of Daily Stock Market Timing for Maximum Profit. The breakout Array is filled with the following codes: 1 = up, -1 = down, 0 = no breakout on this bar. The fieldtrend Array is filled with the following codes: 1 = rising, -1 = falling, 0 = doubtfull.
Also see On Balance Volume and On Balance Volume, Moving.
Formula:
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