OBV

OBV

Category

Description

On Balance Volume indicator

Syntax

OBV(len)

Parameters

len - lookback period

Notes

Traditional OBV is simply the sum of up-bar volume minus the sum of down-bar volume for the specified period.

RealTest divides this value by the sum of all volume for the specified period to express it as a percentage.

This indicator could be written as (Sum((C > C[1]) * V, len) - Sum((C < C[1]) * V, len)) / Sum(V, len).