Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:31 PM


Public Function OnBalanceVolume(chart_ID As Long, 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.


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.
volumeVal volume type for calculation 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.


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 Sub

See Also

Back to VTL Client Script Index

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