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pandas-ta/pandas_ta/volume/obv.py
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Python

# -*- coding: utf-8 -*-
from ..utils import get_offset, signed_series, verify_series
def obv(close, volume, offset=None, **kwargs):
"""Indicator: On Balance Volume (OBV)"""
# Validate arguments
close = verify_series(close)
volume = verify_series(volume)
offset = get_offset(offset)
# Calculate Result
signed_volume = signed_series(close, initial=1) * volume
obv = signed_volume.cumsum()
# Offset
if offset != 0:
obv = obv.shift(offset)
# Handle fills
if 'fillna' in kwargs:
obv.fillna(kwargs['fillna'], inplace=True)
if 'fill_method' in kwargs:
obv.fillna(method=kwargs['fill_method'], inplace=True)
# Name and Categorize it
obv.name = f"OBV"
obv.category = 'volume'
return obv
obv.__doc__ = \
"""On Balance Volume (OBV)
On Balance Volume is a cumulative indicator to measure buying and selling
pressure.
Sources:
https://www.tradingview.com/wiki/On_Balance_Volume_(OBV)
https://www.tradingtechnologies.com/help/x-study/technical-indicator-definitions/on-balance-volume-obv/
https://www.motivewave.com/studies/on_balance_volume.htm
Calculation:
signed_volume = signed_series(close, initial=1) * volume
obv = signed_volume.cumsum()
Args:
close (pd.Series): Series of 'close's
volume (pd.Series): Series of 'volume's
offset (int): How many periods to offset the result. Default: 0
Kwargs:
fillna (value, optional): pd.DataFrame.fillna(value)
fill_method (value, optional): Type of fill method
Returns:
pd.Series: New feature generated.
"""