Nevron .NET Vision Documentation
On Balance Volume

Syntax
OBV(close; volume; initialValue)
Arguments

The first two arguments must be arrays: 'close' contains the close values, 'volume' contains the volumes.

The 'initialValue' parameter is the initial volume value.

Result
The result is an array.
Description

On Balance Volume measures the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. If the closing price is unchanged no adjustment is made.

A constant increase of the On Balance Volume means that there is an upwards trend. A constant decrease means that there is a downwards trend. If there is a large difference between On Balance Volume and the closing price then there is a market bottom. If there is a small difference between On Balance Volume and the closing price then there is a market top.

Related Examples
Windows Forms: All Examples\Data Manipulation\Functions\Financial\Technical Price Indicators

 

 


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