Charts

On Balance Volume (OBV)

On Balance Volume (OBV)

On Balance Volume (OBV) maintains a cumulative running total of the amount of volume occurring on up periods compared to down periods.

Configuration Options

  • Color Selectors: Colors to use for graph elements.
  • Display Axis Label: Whether to display the most recent value on the Y axis.

Formula

\[ OBV = Cumulative(Up\;Volume - Down\;Volume) \]

Where:

  • Up Volume = Quantity of volume occurring on up price change
  • Down Volume = Quantity of volume occurring on down price change