OBV

0th

Percentile

On Balance Volume (OBV)

On Balance Volume (OBV) is a measure of the money flowing into or out of a security. It is similar to Chaikin Accumulation / Distribution.

Keywords
ts
Usage
OBV(price, volume)
Arguments
price

Price series that is coercible to xts or matrix.

volume

Volume series that is coercible to xts or matrix, that corresponds to price object.

Details

OBV is calculated by adding (subtracting) each day's volume to a running cumulative total when the security's price closes higher (lower).

Value

A object of the same class as price and volume or a vector (if try.xts fails) containing the OBV values.

Note

OBV is usually compared with the price chart of the underlying security to look for divergences/confirmation.

References

The following site(s) were used to code/document this indicator: http://www.fmlabs.com/reference/OBV.htm http://www.equis.com/Customer/Resources/TAAZ?c=3&p=82 http://linnsoft.com/tour/techind/obVol.htm http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:on_balance_volume_obv

See chaikinAD.
library(TTR) # NOT RUN { data(ttrc) obv <- OBV(ttrc[,"Close"], ttrc[,"Volume"]) # }