Home >> (Table of Contents) Studies and Indicators >> Technical Studies Reference >> On Balance Volume
Technical Studies Reference
- Technical Studies Reference
- Common Study Inputs (Opens a new page)
- Using Studies (Opens a new page)
On Balance Volume
This study calculates and displays On Balance Volume.
Let \(C_t\) be the value of the Close Price at Index \(t\). We denote the value of the On Balance Volume at Index \(t\) as \(V^{(OB)}_t\), and we initialize it to zero internally (that is, \(V^{(OB)}_0 = 0)\), though this initial value is not displayed as output. We compute \(V^{(OB)}_t\) in terms of the Volume for \(t > 0\) as follows.
\(\displaystyle{V^{(OB)}_t = \left\{ \begin{matrix} V^{(OB)}_{t - 1} + V_t & C_t > C_{t - 1} \\ V^{(OB)}_{t - 1} & C_t = C_{t - 1} \\ V^{(OB)}_{t - 1} - V_t & C_t < C_{t - 1} \end{matrix}\right .}\)Inputs
- This study has no Inputs.
Spreadsheet
The spreadsheet below contains the formulas for this study in Spreadsheet format. Save this Spreadsheet to the Data Files Folder.
Open it through File >> Open Spreadsheet.
*Last modified Wednesday, 28th September, 2022.