calculate_on_balance_volume#

API documentation for tradeexecutor.visual.custom_indicators.calculate_on_balance_volume Python function.

calculate_on_balance_volume(close_prices, volume)[source]#

Calculates the on balance volume from the close prices

Logic for obv is as follows: - For the first data point, OBV = Volume. - For the rest of the data points

  • if the current close price is higher than the previous close price, then OBV = previous OBV + Volume.

  • If the current close price is lower than the previous close price, then OBV = previous OBV - Volume.

  • If the current close price is equal to the previous close price, then OBV = previous OBV.

Parameters:

  • close_prices (Series) –

  • volume (Series) –

Return type:

Series