FTB-C000526 / Implementation concept

Equal-Close OBV Contribution

An equal close contributes zero to OBV even when volume is positive.

Intermediate 1 linked topicEvidence-reviewed

Definitions

In plain terms

No volume is added or subtracted when the current and prior closes match.

Technical

If C_t = C_(t-1), sign(C_t-C_(t-1)) = 0 and the contribution is exactly 0.

Scope

Equal-close volume is not evidence of a positive or negative OBV move.

Examples

  • A reviewer computes Equal-Close OBV Contribution from a small OHLCV fixture and checks readiness, units, and edge cases before publication.

Common misconceptions

  • Equal-close volume is not evidence of a positive or negative OBV move.

Concept relationships

Prerequisites

Related

Required by

Where this concept is used

Evidence and governance

  1. On-Balance Volume (OBV) TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, formula

    Limits: Does not establish predictive power, trading profitability, or a universal divergence rule.

  2. Volume indicators function group TA-Lib · first party technical publication

    Supports: preferred label, short definition, technical definition, formula

    Limits: Library compatibility does not by itself prove a project's seed, warm-up, or missing-data policy.

  3. Consolidated Tape Investor.gov · official standard

    Supports: preferred label, short definition, technical definition, formula

    Limits: This glossary does not infer buyer/seller intent or normalize all venue and reporting differences.

  4. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition, formula

    Limits: A close is not automatically an adjusted close and may vary by market session convention.

  5. What Is Volume? CME Group · official exchange

    Supports: preferred label, short definition, technical definition, formula

    Limits: Futures contract conventions do not define every equity or digital-asset volume feed.

Reviewed by
fintech-builder-batch-010
Last reviewed
2026-08-01
Next review
2027-08-01
Record status
evidence reviewed

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.