Charts
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