OnBalanceVolume(SeriesCollection) Method
On Balance Volume ("OBV") is a momentum indicator developed by Joe Granville that relates volume to price change.
Syntax
'Declaration Public Overloads Shared Function OnBalanceVolume( _ ByVal sc As SeriesCollection _ ) As SeriesCollection
'Usage Dim sc As SeriesCollection Dim value As SeriesCollection value = FinancialEngine.OnBalanceVolume(sc)
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
Requirements
Target Platforms: Windows 7, Windows Vista SP1 or later, Windows XP SP3, Windows Server 2008 (Server Core not supported), Windows Server 2008 R2 (Server Core supported with SP1 or later), Windows Server 2003 SP2
See Also