TTR (version 0.24.4)

OBV: On Balance Volume (OBV)

Description

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

Usage

OBV(price, volume)

Value

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

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.

Author

Joshua Ulrich

Details

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

References

The following site(s) were used to code/document this indicator:
https://www.fmlabs.com/reference/OBV.htm
https://www.metastock.com/Customer/Resources/TAAZ/?p=82
https://www.linnsoft.com/techind/balance-open-interest
https://school.stockcharts.com/doku.php?id=technical_indicators:on_balance_volume_obv

See Also

See chaikinAD.

Examples

 data(ttrc)
 obv <- OBV(ttrc[,"Close"], ttrc[,"Volume"])