OBV: On Balance Volume (OBV)

Description Usage Arguments Details Value Note Author(s) References See Also Examples

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

1
  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:
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/education/IndicatorAnalysis/indic-obv.htm

See Also

See chaikinAD.

Examples

1
2
data(ttrc)
obv <- OBV(ttrc[,"Close"], ttrc[,"Volume"])

Example output



TTR documentation built on April 15, 2017, 8:31 a.m.

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