OBV | R Documentation |
On Balance Volume (OBV) is a measure of the money flowing into or out of a security. It is similar to Chaikin Accumulation / Distribution.
OBV(price, volume)
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. |
OBV is calculated by adding (subtracting) each day's volume to a running cumulative total when the security's price closes higher (lower).
A object of the same class as price
and volume
or a
vector (if try.xts
fails) containing the OBV values.
OBV is usually compared with the price chart of the underlying security to look for divergences/confirmation.
Joshua Ulrich
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 chaikinAD
.
data(ttrc)
obv <- OBV(ttrc[,"Close"], ttrc[,"Volume"])
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