How to create an Observable from OnClick Event Android?

You would do something like this:

Observable<View> clickEventObservable = Observable.create(new Observable.OnSubscribe<View>() {
    @Override
    public void call(final Subscriber<? super View> subscriber) {
        viewIWantToMonitorForClickEvents.setOnClickListener(new View.OnClickListener() {
            @Override
            public void onClick(View v) {
                if (subscriber.isUnsubscribed()) return;
                subscriber.onNext(v);
            }
        });
    }
});

// You can then apply all sorts of operation here
Subscription subscription = clickEventObservable.flatMap(/*  */);

// Unsubscribe when you're done with it
subscription.unsubscribe();

Since you're using Android then you may already include the contrib rxjava-android dependency now known as ioreactivex:rxandroid. They already have a class to facilitate this. The method is ViewObservable.clicks. You can use it like so.

Observable<View> buttonObservable = ViewObservable.clicks(initiateButton, false);
    buttonObservable.subscribe(new Action1<View>() {
        @Override
        public void call(View button) {
            // do what you need here
        }
    });

---

Edit: Since version 1.x, ViewObservable and many helper classes are removed from RxAndroid. You will need RxBinding library instead.

Observable<Void> buttonObservable = RxView.clicks(initiateButton);
    buttonObservable.subscribe(new Action1<Void>() {
        @Override
        public void call(Void x) {
            // do what you need here
        }
    });

You could use a Subject.

A Subject is a sort of bridge or proxy that acts both as an Subscriber and as an Observable. Because it is a Subscriber, it can subscribe to one or more Observables, and because it is an Observable, it can pass through the items it observes by reemitting them, and it can also emit new items.

public class Events {
    public static PublishSubject <Object> myEvent = PublishSubject.create ();
}

When you want to publish something

Events.myEvent.onNext(myObject);

When you want to receive an event

Events.myEvent.subscribe (...);

Edit

**Using Architecture Components LiveData is better because it handles the lifecycle of and activity or fragment and you don't have to worried about unsubscribe from events because it observe the ui components lifecycle.

MutableLiveData<Object> event = new MutableLiveData<>();

when you want to publish something

event.postValue(myObject);

When you want to receive and event

event.observe(lifeCycleOwner, (myObject)->...);

For Android development, have a look at Jake Wharton's RxBindings. For example, it allows you to create an observable and subscribe to click events with:

RxView.clicks(myButton)
        .subscribe(new Action1<Void>() {
            @Override
            public void call(Void aVoid) {
                /* do something */
            }
        });

or, even better, with lambda expressions (using either Kotlin, Java 8 or Retrolambda):

RxView.clicks(myButton)
        .subscribe(aVoid -> /* do something */);

If you're using Kotlin, it's worth noting that RxBindings also provides Kotlin extension functions that allow you to apply each binding function directly on the target type.