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On Balance Volume (OBV)

Description

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

Formula

OBV = Cumulative (Up Volume - Down Volume)

Where:

  • Volume = Actual, Tick
  • Up Volume = Quantity of volume occurring on up price change
  • Down Volume = Quantity of volume occurring on down price change
Example