Best Books and Resources to Learn OBV Trading
If you’re serious about using On Balance Volume (OBV) in your trading, it’s important to learn from reliable sources. While OBV is simple to understand, mastering its use takes time, practice, and the right education.
This guide lists the best books, courses, and tools to learn OBV trading strategies—ideal for beginners and experienced traders alike.
Top Books to Learn OBV Trading
1. “Granville’s New Key to Stock Market Profits” by Joseph E. Granville
🟢 The original OBV creator’s work
- Introduces OBV as a concept
- Explains volume theory, breakout behavior, and accumulation
- Classic reading for serious technical analysts
2. “Technical Analysis of the Financial Markets” by John J. Murphy
- Covers OBV within a broader context of indicators
- Ideal for traders who want to compare OBV with RSI, MACD, and others
- Includes charts and real-world examples
3. “The Complete Trading Course” by Corey Rosenbloom
- Discusses OBV in trend trading setups
- Covers divergence detection using OBV and price action
- Practical insights for day and swing traders
Best Online Courses & Videos
1. Investopedia Academy – Technical Analysis Course
- OBV covered in volume module
- Includes video tutorials and quizzes
- Good for structured, visual learners
2. YouTube – Free OBV Strategy Walkthroughs
Search:
- “OBV TradingView tutorial”
- “OBV breakout strategy”
- “OBV divergence trading”
Creators like The Trading Channel, Rayner Teo, and TradingLab offer valuable breakdowns.
3. TradingView Community Scripts & Pine Code
- Study custom OBV indicators
- Learn by editing open-source Pine Scripts
- Great for coders and technical system builders
Free Tools to Practice OBV
- TradingView – Best for charting, real-time OBV usage
- Chartink – Build OBV screeners for Indian stocks
- Investing.com – Check OBV on live charts
- MetaTrader 4/5 – Use OBV with custom expert advisors or scripts
Learning Plan to Master OBV
- Start with basics: Read about OBV in John Murphy’s or Granville’s work
- Watch practical tutorials: YouTube/Investopedia
- Apply what you learn: Use TradingView charts
- Test strategies: Use OBV with RSI, MACD, or trendlines
- Build your system: Combine OBV with price action
Final Thoughts
Learning OBV is not just about the formula—it’s about interpreting volume behind price movements. By leveraging these OBV trading books and resources, you’ll sharpen your edge, avoid false signals, and gain confidence in using volume flow as a trading weapon.
Make OBV a core part of your analysis, and watch how it transforms the way you read charts.
FAQs
1. Is OBV still relevant in modern trading?
Absolutely. It remains one of the most powerful volume-based indicators.
2. Can I learn OBV trading for free?
Yes. YouTube, blogs, and TradingView offer many free tutorials.
3. What is the best book for OBV beginners?
Start with John Murphy’s book or Granville’s original guide.
4. Is it necessary to learn coding for OBV?
Not at all—but learning Pine Script or MQL can help with automation.
5. Do these books cover strategies too?
Yes. They include OBV setups, divergence methods, and real-world charts.
