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OnBalanceVolume
Posted by Mohammad Rahhal on 04 April 2012 04:33 PM

Syntax

Public Function OnBalanceVolume(applyTo As ENUM_APPLIED_PRICE, volumeVal As ENUM_VOLUME_METHOD) As String

The On Balance Volume indicator shows a relationship of price and volume as a momentum index. 

On Balance Volume index generally precedes actual price movements. The premise is that well-informed investors are buying when the index raises and uninformed investors are buying when the index falls.

Parameters

Key Description 
applyTo The value can be one of  ENUM_APPLIED_PRICE
volumeVal The value can be one of  ENUM_VOLUME_METHOD


Return value

Returns the handles of a technical indicator, in case of failure returns a empty string.

See Also


Back to VTL Server Script Index

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