On Balance Volume Formula

  • Article

The on balance volume formula measures positive and negative volume flows.

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

Concepts

Financial Formulas

Applying Formulas