Posted by Mohammad Rahhal, Last modified by Laith Ghawi on 05 July 2019 02:08 PM


Public Function PriceVolumeTrend(chart_ID As Long, applyTo As ENUM_APPLIED_PRICE, volumeVal As ENUM_VOLUME_METHOD) As String


The Price and Volume Trend index is closely related to the On Balance Volume index. 

The Price and Volume Trend 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 ,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 (PriceVolumeTrend(0,PRICE_HIGH,VOLUME_HIGH)) 'Draws the indicator on chart and shows a message box with the indicator name.

End Sub

See Also

Back to VTL Client Script Index

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