Syntax
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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