See Also

FinancialEngine Class  | FinancialEngine Members  | Overload List

Language

Visual Basic

C#

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seriesName
The name of the series which will be displayed on the chart, i.e. its label.
s
An series where the first element is the closing price in the last trading period, the second term is the closing price in the previous trading period and so on.
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OnBalanceVolume(String,Series) 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 seriesName As String, _    ByVal s As Series _ ) As Series
[C#]
public static Series OnBalanceVolume(    string seriesName,    Series s );

Parameters

seriesName
The name of the series which will be displayed on the chart, i.e. its label.
s
An series where the first element is the closing price in the last trading period, the second term is the closing price in the previous trading period and so on.

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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