See Also

FinancialEngine Class  | FinancialEngine Members  | Overload List

Language

Visual Basic

C#

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sc
A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.
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OnBalanceVolume(SeriesCollection) Method

On Balance Volume ("OBV") is a momentum indicator developed by Joe Granville that relates volume to price change. 

[Visual Basic]
Overloads Public Shared Function OnBalanceVolume( _
   ByVal sc As SeriesCollection _
) As SeriesCollection
[C#]
public static SeriesCollection OnBalanceVolume( 
   SeriesCollection sc
);

Parameters

sc
A collection of series objects. For example, to evaluate this indicator for two series you will need to pass a series collection containing this two series.

Remarks

Indicator Formula

The formula for this indicator is:


If today's close is greater than yesterday's close then:
OBV = Yesterday's OBV + Today's Volume
If today's close is less than yesterday's close then:
OBV = Yesterday's OBV - Today's Volume
If today's close is equal to yesterday's close then:
OBV = Yesterday's OBV

See Also

FinancialEngine Class  | FinancialEngine Members  | Overload List

 

 

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