|
| |
| William Wai Him Tsang and Terence Tai Leung Chong |
| |
| ''Profitability of the On-Balance Volume Indicator'' |
| ( 2009, Vol. 29 No.3 ) |
| |
| |
| In the literature, there is a lack of empirical studies documenting the profitability of volume-based technical indicators. This paper evaluates the profitability of the On-Balance Volume (OBV) trading rule. Our result shows that the OBV trading rule is increasingly profitable and rewards investors with notable returns in the stock markets of Greater China. |
| |
| |
| Keywords: On-Balance Volume, Moving Average, Market Efficiency. |
|
| |
| Manuscript Received : Jul 20 2009 | | Manuscript Accepted : Sep 24 2009 |
|
