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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: EtTuBrute who wrote (2014)	4/14/1998 1:09:00 PM
From: Cam	Read Replies (1) \| Respond to of 25548

>What does the blue line mean on the chart? >http://www.tscn.com/wsc/Technical.html?Button=RUN&ind=s,160,0,0,0,0&TESelect=8&nocache=41850&PH=2&Symbol=MDIN Gary Here's the definition. Pioneered by Joseph Granville, on-balance volume is calculated by adding volume to the previous value when the stock price closes higher than the previous price, and subtracting volume from the value when the stock closes lower than the previous price. Interpretation If the stock falls to a new low and the on-balance volume line does not, the indicator is interpreted as positive (bullish divergence). If the stock rises to a new high and the on-balance volume line does not, the interpretation is negative (bearish divergence). ______ Most of the time this indicator reflects the actual price of a stock like you can see here... tscn.com When it doesn't for a reasonable length of time it tends to catch up to it like in these two examples... tscn.com tscn.com Hope this helps. Cam