| OBV {TTR} | R Documentation |
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)
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.
Author(s)
Joshua Ulrich
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"])