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OnBalanceVolume(Series) Method
See Also 
dotnetCHARTING Namespace > FinancialEngine Class > OnBalanceVolume Method : OnBalanceVolume(Series) Method


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

Syntax

Visual Basic (Declaration) 
Overloads Public Shared Function OnBalanceVolume( _
   ByVal s As Series _
) As Series
Visual Basic (Usage)Copy Code
Dim s As Series
Dim value As Series
 
value = FinancialEngine.OnBalanceVolume(s)
C# 
public static Series OnBalanceVolume( 
   Series s
)

Parameters

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