OnBalanceVolume(Series) Method

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

Syntax

Visual Basic
C#

'Declaration
 
Public Overloads Shared Function OnBalanceVolume( _
   ByVal s As Series _
) As Series

'Usage
 
Dim s As Series
Dim value As Series
 
value = FinancialEngine.OnBalanceVolume(s)

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

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

Reference

FinancialEngine Class
FinancialEngine Members
Overload List