FTB-C000570 / Evidence concept

OBV–VPT Magnitude Contrast

OBV–VPT magnitude contrast is the distinction between sign-only volume accumulation and return-magnitude weighting.

Advanced 1 linked topicEvidence-reviewed

Definitions

In plain terms

OBV adds or subtracts the full current volume, while VPT scales volume by the fractional close return.

Technical

For the same positive close, OBV contribution is V while VPT contribution is V×r; equal returns and volumes need not produce comparable levels.

Scope

The two indicators can agree in direction while measuring different magnitudes.

Examples

  • A reviewer computes OBV–VPT Magnitude Contrast from a small OHLCV fixture and checks readiness, units, and edge cases before publication.

Common misconceptions

  • The two indicators can agree in direction while measuring different magnitudes.

Concept relationships

Prerequisites

Related

Where this concept is used

Evidence and governance

  1. Price Volume Trend (PVT) TradingView · official platform documentation

    Supports: preferred label, short definition, technical definition, variant distinction

    Limits: Does not prescribe an adjustment policy, forecast, or trade direction.

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

    Supports: preferred label, short definition, technical definition, variant distinction

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

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

    Supports: preferred label, short definition, technical definition, variant distinction

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

  4. Closing Price Investor.gov · official standard

    Supports: preferred label, short definition, technical definition, variant distinction

    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, variant distinction

    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.