Syntax
Public Function OnBalanceVolume(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE,volumeVal As ENUM_VOLUME_METHOD) As StringDescription
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 investorsare buying when the index falls.
Parameters
| Key | Description |
| chart_ID | Chart identifier, 0 is the current chart, a value of type Long. |
| applyTo | Applied price, can be one of the ENUM_APPLIED_PRICE. |
| volumetypeforcalculation can be one of the ENUM_VOLUME_METHOD. |
Return value
Returns the handles of a technical indicator, in case of failure returns an empty string.
Sample
Public Sub main()AlertMessage (OnBalanceVolume(0,PRICE_CLOSE,VOLUME_OPEN))'Draws the indicator on the chart and shows an Alert Message with the indicator name.End SubSee Also