Note
Access to this page requires authorization. You can try signing in or changing directories.
Access to this page requires authorization. You can try changing directories.
The on balance volume formula measures positive and negative volume flows.
.gif "Sample plot of the on balance volume indicator")
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.OnBalanceVolume,
"Close,Volume",
"OBV")
Input Values
This formula takes two input Y values.
- Close
Daily close price.
- Volume
Daily volume.
Output Value
This formula outputs one Y value.
- OBV
On balance volume indicator.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's Y value for daily close prices (Series1:Y4) and Series2's Y value for daily volume, and then outputs the on balance volume indicator on Series3 (Series3:Y).
Chart1.DataManipulator.FinancialFormula (FinancialFormula.OnBalanceVolume, "Series1:Y4,Series2:Y", "Series3:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula.OnBalanceVolume, "Series1:Y4,Series2:Y", "Series3:Y");
See Also
Reference
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting